A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See acast.com/privacy for more information.
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Rise of the neobank
Two of the biggest oil companies in the Middle East scale down their acquisition sprees, and Wall Street’s comeback has dramatically narrowed the gap with European stocks. Plus, the US is lifting sanctions on Syria, and Klarna makes some changes to its business model.
Mentioned in this podcast:
Gulf oil companies slow $60bn acquisition spree as crude prices fall
US dollar suffers worst start to year since 1973
US stock market comeback tests investor faith in rotation to Europe
Donald Trump lifts most US sanctions on Syria
Klarna accelerates shift to digital bank ahead of second IPO attempt
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, and Ethan Plotkin. Additional help from Blake Maples, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US banks are hungry for deals
The Trump administration is paving the way for more US bank mergers, and China’s online retail giants are losing some key customers. Plus, the race to replace Federal Reserve Chair Jay Powell is heating up, and the UK is trying to make financial advice more accessible.
Mentioned in this podcast:
Deal hunger stirs among US banks
US shoppers ditch Shein and Temu as Trump closes tax loophole
White House says decision on nominating next Fed chair not ‘imminent’
UK launches biggest financial advice shake-up in more than a decade
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Labour MPs rebel against UK welfare reform
Some members of the UK's parliament fight back against proposed welfare cuts, and early intelligence suggests Iran’s uranium stockpile is still intact, officials say. Plus, the rise of sports gambling in Nigeria is being powered by social media influencers.
Mentioned in this podcast:
Early intelligence suggests Iran’s uranium largely intact, European officials say
A defeat Keir Starmer cannot afford
Keir Starmer in talks with rebel MPs in bid to head off welfare revolt
The football betting influencers behind Nigeria’s not-so secret gambling boom
Send me your questions for the Swamp Notes podcast: marc.filippino@ft.com. We may even play your voicemail on the show.
Today’s FT News Briefing was produced by Henry Larson, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Why markets are unfazed by the Middle East conflict
Nato members decided on increased defence spending, the Federal Reserve is planning on cutting capital requirements for America’s biggest banks, and accounting firms are ready to open up to public markets. Plus, why US stocks are unfazed by the Israel-Iran conflict.
Mentioned in this podcast:
The markets are silent — that is worrying
Federal Reserve unveils plans to reduce capital rules imposed after 2008 crisis
Accounting sector prepares for more IPOs after private equity binge
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Iran's path forward
US stocks almost hit record highs amid possible de-escalation in the Middle East, and Johns Hopkins University professor Vali Nasr analyses Iran’s future. Plus, the US Federal Reserve chair signalled no interest cuts this summer, and US states are sending delegates to the EU for advice on green policy.
Mentioned in this podcast:
Israel-Iran latest: JD Vance declares era of new Trump foreign policy doctrine
The war that will remake Iran’s Islamic republic
Jay Powell pushes back on calls for Federal Reserve rate cuts as soon as July
US states send delegates to EU for advice on green policy
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Fiona Symon, and Marc Filippino. Additional help from Kelly Garry, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Will the wheels come off Nato?
US president Donald Trump has said Israel and Iran have agreed a ceasefire, shifting priorities in the US are putting pressure on Nato members in Europe, and emerging markets defy US President Donald Trump’s trade war. Plus, the US has yet to find Iran’s uranium stockpile.
Mentioned in this podcast:
Donald Trump claims Israel and Iran have agreed ceasefire
What happens to Nato if the US steps back?
Where is Iran’s uranium? Search continues for 400kg stockpile
Emerging markets defy investor gloom to outshine developed world
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The US targets Iran’s nuclear programme
The US is now using force to try to eliminate Iran’s nuclear programme, and new tariffs on US household goods take effect. Plus, the chief executive of a Russian burger chain is petitioning President Vladimir Putin to block western businesses from returning, and the CEO of the fintech Revolut could be due for a major pay out.
Mentioned in this podcast:
US says it inflicted ‘severe damage’ on Iran’s nuclear programme
Tariffs on household goods bring home costs of Trump’s trade wars
Fake McDonald’s lobbies Vladimir Putin to block return of western companies
Revolut chief in line for Musk-style payday at $150bn valuation
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Mischa Frankl-Duval and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
EU pushes a UK-style trade deal with the US
Russia’s war-time economy is slowing down, and the EU is negotiating a trade deal with the US to keep some tariffs in place. Plus, the Bank of England votes to hold interest rates steady, and a UN official describes violence at aid distribution sites in Gaza.
Mentioned in this podcast:
Russia on brink of recession, says economy minister
EU weighs UK-style trade deal with US
Bank of England warns of weakening jobs market as it holds rates
How Gaza’s food queues turned into kill zones
Today’s FT News Briefing was produced by Fiona Symon, Josh Gabert-Doyon, and Ethan Plotkin. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Fed cuts US economic outlook
The Federal Reserve cut its outlook for the US economy on Wednesday, and in the UK, inflation remains higher than ideal. Plus, Big Tech companies are lobbying for a decade-long ban on AI regulations, and the Israel-Iran conflict has hit the global supply chain.
Mentioned in this podcast:
Federal Reserve cuts outlook for US economy but holds interest rates steady
Big Tech pushes for 10-year ban on US states regulating AI
Insurers lift prices 60% for key Iran route as conflict threatens shipping
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Henry Larson and Marc Filippino. Additional help from Blake Maples, Kelly Garry and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Trump demands that Iran surrender
US President Donald Trump demands unconditional surrender from Iran on social media, and the Iran-Israel conflict causes Trump to leave the G7 summit early. Plus, the EU relaxes merger rules on defence and Meta will bring advertisements onto its messaging platform WhatsApp.
Mentioned in this podcast:
Meta introduces advertising to WhatsApp in push for new revenues
Donald Trump leaves G7 early as Iran-Israel conflict intensifies
Brussels to loosen merger rules for defence companies
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Trump calls for Iran’s ‘unconditional surrender’
Today’s FT News Briefing was produced by Henry Larson, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Kelly Garry, and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
What Trump’s golden share means for the Nippon deal
Tensions rise as the EU refuses trade talks with China before next month’s leaders summit, and Airbus announced $10bn of orders at the Paris Air Show. Plus US President Donald Trump’s golden share means heavy influence in the Nippon Steel deal, and energy markets react to the conflict between Iran and Israel.
Mentioned in this podcast:
US Steel deal embodies golden age of Trump meddling
Fuel and fury: energy becomes a Middle East battlefield
EU spurns economic dialogue with China over deepening trade rift
Today’s FT News Briefing was produced by Mischa Frankl-Duval, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Inside Iran’s ‘impenetrable’ nuclear bunker
Israel may not have big enough bombs to take down Iran’s most secure nuclear facility, and Nippon Steel’s bid to take over US Steel is finally moving forward. Plus, gold has surpassed the euro as the second most-popular reserve asset, and the UK’s overseas intelligence agency has appointed its first female chief.
Mentioned in this podcast:
Gold overtakes euro as global reserve asset, ECB says
Silver and platinum prices soar as investors seek ‘gold alternatives’
The nuclear mountain that haunts Israel
Donald Trump approves Nippon Steel’s $15bn takeover of US Steel
Britain’s overseas spy agency MI6 promotes ‘Q’ to be first female head
Today’s FT News Briefing was produced by Sonja Hutson, Ethan Plotkin, Kasia Broussalian, and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Hot Money: Agent of Chaos - Ep. 1, The Bribe
Today, we're bringing you the first episode from the new season of Hot Money. On Hot Money: Agent of Chaos, reporter Sam Jones investigates Wirecard’s chief operating officer — who vanished just as the high flying German fintech collapsed. It turned out he was a Russian spy. From an Ibizan sting operation to an attempted takeover of the Austrian intelligence service, Jones’ reporting spirals into a world of warlords, espionage and disinformation. All in an attempt to answer two questions: who is the real Jan Marsalek? And what does his secret life reveal about the powerful forces he serves?
Get ad-free access to the entire season of Hot Money: Agent of Chaos by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Access ad-free episodes, exclusive binges, full audiobooks, and bonus content for all Pushkin shows with Pushkin+.
Subscribe on Apple: apple.co/pushkin
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Southern European bond markets make a comeback
Israel has launched a strike against Iran, Argentina’s month-on-month inflation rate has fallen below 2 per cent, and Italian, Spanish and Greek sovereign bonds have rallied. Plus, investigators in India are looking into a fatal Boeing 787 crash and the US dollar sank to a three-year low.
Mentioned in this podcast:
Israel strikes Iran and braces for retaliation
Dollar sinks to three-year low on Trump tariff threat
Italy, Greece and Spain emerge as winners in bond market anxiety
More than 240 dead after Air India flight to London crashes
Milei brings Argentina’s monthly inflation below 2% for first time since 2020
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Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Fiona Symon, Henry Larson, and Marc Filippino. Additional help from Eli Meixler, Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Europe’s game plan for handling Trump at G7
The Pentagon has launched a review of the 2021 Aukus submarine deal with the UK and Australia, Donald Trump has said the US and China’s deal to restore their trade war truce is “done”, and US inflation rose less than expected to 2.4 per cent in May. Plus, European governments are braced for high-stakes negotiations with Trump that will put the continent’s defence, economy and security on the line.
Mentioned in this podcast:
Pentagon launches review of Aukus nuclear submarine deal
Donald Trump says US-China deal ‘done’ as two sides restore trade war truce
US inflation rose less than expected to 2.4% in May
Europe confronts Trump’s triple threat on Ukraine, Nato and trade
Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Winners and losers of UK spending review
The FT’s George Parker explains the winners and losers in UK chancellor Rachel Reeves’ spending review, the UK imposed the first western sanctions against Israeli government ministers,and Citigroup is poised to increase provisions for potential bad loans by hundreds of millions of dollars for the second quarter. Plus, US state and local governments are selling municipal bonds at a record pace on fears that Congress could partially pay for President Donald Trump’s “big, beautiful bill” by cutting a critical tax break.
Mentioned in this podcast:
What to expect in Rachel Reeves’ spending review
UK sanctions Israeli ministers Smotrich and Ben-Gvir
Muni bonds set for record sales on fears US Congress could scrap tax break
Citi to boost provision for potential bad loans on US economic worries
Today’s FT News Briefing was produced by Sonja Hutson, Mischa Frankl-Duval, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Trump cracks down on Los Angeles protests
The head of the operator of the Panama Canal has warned that a $23bn global ports deal could put the waterway’s neutrality mandate at risk, Donald Trump is testing the limits of presidential power by sending troops to Los Angeles, and Warner Bros Discovery will split into two publicly traded companies. Plus, Brazil is hoping to sell its first sovereign debt in the Chinese market to strengthen trade and investment ties.
Mentioned in this podcast:
Panama Canal boss warns MSC ports deal threatens principle of neutrality
Trump administration to deploy hundreds of Marines in Los Angeles
Donald Trump tests limits of presidential authority by sending troops into Los Angeles
Warner Bros Discovery to split its TV and streaming businesses
Brazil plans panda bond as Lula looks to bolster ties with China
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Mischa Frankl-Duval and Marc Filippino. Additional help from Blake Maples, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Who gets to be Italian?
Syria is preparing to rejoin the international banking system, and Italian Prime Minister Giorgia Meloni’s rightwing government is trying to prevent a change to the country’s citizenship rules. Plus, US junk bond sales are booming ahead of fresh tariff uncertainty, and a German fintech is trying to bring cheap retail investing to Europe.
Mentioned in this podcast:
Syria to reconnect to global economy after 14 years as pariah state
Italy’s vote on who gets to be Italian
Italy votes on speeding up citizenship for foreigners
Junk bond sales surge as companies try to beat fresh tariff uncertainty
BlackRock-backed fintech raises funds to be ‘European Charles Schwab’
Today’s FT News Briefing was produced by Josh Gabert-Doyon, Ethan Plotkin, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Jake Fielding, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Trump’s big play to save steel production
US President Donald Trump doubled tariffs on steel to 50 per cent this week. He’s also allowing Japan’s Nippon to buy the US Steel Corporation. The moves are meant to bring back manufacturing to America’s steel industry. But will they? FT senior trade writer Alan Beattie and Zehra Munir, the FT’s industrial reporter, discuss whether Trump can make good on a popular promise.
Mentioned in this podcast:
It’s always steel — tariffs provide Trump with a familiar trade weapon
Donald Trump’s US Steel gamble: Pennsylvania workers warm to Nippon tie-up
Sign up for the FT’s Trade Secrets newsletter here
Sign up for the FT’s Swamp Notes newsletter here
Credit: The White House YouTube channel
Swamp Notes is produced by Katya Kumkova, Henry Larson and Lauren Fedor. The FT’s acting co head of audio is Topher Forhecz. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Trump and Xi break the ice
US President Donald Trump and China’s leader Xi Jinping agreed to launch a new round of high-level trade talks, the European Central Bank cut interest rates by a quarter point and Europe is being flooded with steel diverted from the US because of high tariffs. Plus, the FT’s Aanu Adeoye explains how a Russia-backed junta leader in Burkina Faso became an icon across Africa.
Mentioned in this podcast:
Donald Trump and Xi Jinping agree to launch new round of trade talks
Christine Lagarde signals ECB rate-cutting ‘nearly concluded’
‘The cult of Saint Traoré’: how a Russia-backed junta leader became an icon
EU hit by surge in steel imports as US tariffs divert shipments
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Henry Larson, Fiona Symon, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello and David da Silva. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Bulgaria moves into the Eurozone
Apple’s rollout of artificial intelligence services in China with Alibaba is being held up, Wells Fargo faces an uphill battle to catch up with its rivals after asset cap was lifted, and US President Donald Trump says Russian President Vladimir Putin is not ready for “immediate peace” with Ukraine. Plus, the European Commission has finally given Bulgaria the green light to join the Eurozone in 2026.
Mentioned in this podcast:
Apple and Alibaba’s AI rollout in China delayed by Trump trade war
Wells Fargo has finally shed its dunce cap
Wells Fargo asset cap lifted after ‘fake accounts’ scandal
Putin planning to retaliate for Ukraine drone attack, says Trump
Bulgaria to join Eurozone in 2026
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Mexico’s new supreme court
Dutch Prime Minister Dick Schoof resigned after far-right leader Geert Wilders walked out of his coalition government, Mexico’s new supreme court is set to solely contain judges nominated by the ruling coalition, and Eurozone inflation fell below the European Central Bank’s 2 per cent target. Plus, the FT’s Akila Quinio explains how the Royal Bank of Scotland was nationalised in the wake of the 2008 financial crisis and then reborn.
Mentioned in this podcast:
Far-right Dutch leader Geert Wilders quits government
Tiny slice of Mexicans elect supreme court closely tied to ruling party
Eurozone inflation falls below target to 1.9%
The RBS story: how the world’s biggest bank was nationalised and then reborn
South Korean leftwinger Lee Jae-myung wins presidential election
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Fiona Symon, Mischa Frankl-Duval, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Trump’s push to privatise Fannie and Freddie
Elon Musk’s xAI is launching a $300mn share sale that values the group at $113bn, and China’s property sector woes are compounded by tariff worries. Plus, Poland’s new president is going to make life hard for the country’s prime minister, and the FT’s Amelia Pollard explains why US president Donald Trump wants to take mortgage giants Fannie Mae and Freddie Mac private.
Mentioned in this podcast:
EU companies more concerned about China slowdown than tariffs
Donald Trump’s plans for Fannie and Freddie would mean payday for hedge funds
Nationalist candidate Karol Nawrocki wins knife-edge Poland presidential election
Elon Musk’s xAI seeks $113bn valuation in $300mn share sale
Today’s FT News Briefing was produced by Sonja Hutson, Ethan Plotkin, Kasia Broussalian, Fiona Symon, Mischa Frankl-Duval, and Marc Filippino. Additional help from Blake Maples, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
South Korea plots a post-coup future
Private equity dealmaking around the world slowed down in the second quarter of 2025, and South Korea holds elections on Tuesday after months of political instability. Plus, office space construction in the UK has reached a ten-year low, and Wall Street is warning that a little-publicised foreign tax provision in Donald Trump’s budget bill could upend markets.
Mentioned in this podcast:
Trump tariffs cut off recovery in private equity dealmaking
Leftwing ‘brawler’ on verge of South Korea presidency
The ‘quiet’ crisis brewing between the US and South Korea
Foreign tax provision in Trump budget bill spooks Wall Street
UK office construction drops to 10-year low
Today’s FT News Briefing was produced by Sonja Hutson, Ethan Plotkin, Kasia Broussalian, Henry Larson, and Marc Filippino. Additional help from Peter Barber. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Do Republicans still care about debt?
Republicans are often known as the party of fiscal responsibility. This week, Swamp Notes unravels the US House of Representatives’ “big, beautiful” bill and its uncertain path forward in the Senate. Edward Luce, US national editor and columnist, and James Politi, Washington bureau chief, explain what made congressional Republicans go all in on big spending, tax cuts and more debt.
Subscribe to the new Swamp Notes feed here.
Mentioned in this podcast:
Read Edward Luce’s column on the new ‘moron premium’ for Treasuries
US House passes Donald Trump’s showpiece tax bill
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Lauren Fedor, Katya Kumkova and Henry Larson. Topher Forhecz is the acting co-head of audio. Special thanks to Pierre Nicholson.
Hosted on Acast. See acast.com/privacy for more information.
Trump’s tariffs in legal limbo
The White House is fighting court rulings that US President Donald Trump’s ‘liberation day’ tariff scheme is illegal, and a former Goldman Sachs banker was sentenced to two years in prison for his role in the 1MDB scandal. Plus, how Wall Street offloaded billions of dollars of debt from Elon Musk’s Twitter deal.
Mentioned in this podcast:
Court tariffs bombshell should inspire trading partners to defy Trump
Former Goldman Sachs banker sentenced to two years in prison for 1MDB role
How Wall Street offloaded $13bn of debt tied to Elon Musk’s Twitter deal
Today’s FT News Briefing was produced by Sonja Hutson, Fiona Symon, Henry Larson and Marc Filippino. Additional help from Michael Lello, and Gavin Kallmann. Blake Maples mixes our show. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The challenge to Delaware’s corporate dominance
A US court invalidated President Donald Trump’s “liberation day” tariff scheme yesterday. Nvidia reported a nearly 70 per cent surge in quarterly revenues, and the US has said it will not renew Chevron’s oil licence in Venezuela. Plus, Texas and Nevada are seeking to challenge the dominance of Delaware with company-friendly law.
Mentioned in this podcast:
US trade court invalidates Donald Trump’s reciprocal tariffs
Nvidia quarterly revenue surges nearly 70% on AI boom
US government will not renew Chevron’s Venezuela oil licence
Texas vs Nevada — the battle to woo companies is heating up
Today’s FT News Briefing was produced by Sonja Hutson, Henry Larson and Marc Filippino. Additional help from Blake Maples and Michael Lello. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Rio Tinto’s surprise CEO hunt
US stocks jumped yesterday after President Donald Trump said trade talks with the EU were headed in a "positive" direction, and McKinsey cut 10 per cent of its staff in an effort to increase profits. Plus, Asian currencies are getting a boost from investors’ bets on US trade deals and the FT’s Leslie Hook explains what’s next for Rio Tinto after it asked its chief executive Jakob Stausholm to step down.
Mentioned in this podcast:
US stocks jump as Donald Trump touts ‘positive’ progress on EU trade talks
Asian currencies boosted by investor bets on US trade deals
McKinsey sheds 10% of staff in two-year profitability drive
Rio ousted chief Jakob Stausholm to seek boss with more mining experience
Today’s FT News Briefing was produced by Sonja Hutson, and Marc Filippino. Additional help from Blake Maples and Michael Lello. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
How Ukraine fell victim to fake arms deals
Russia’s full-scale invasion of Ukraine in 2022 kicked off a massive arms procurement race for Kyiv. Officials looked just about everywhere for weapons they could ship to the frontlines. However, Ukraine has lost hundreds of millions of dollars on fraudulent arms deals in the process. The FT’s Ukraine correspondent Isobel Koshiw and investigative reporter Miles Johnson share their reporting.
Mentioned in this podcast:
How Ukraine lost hundreds of millions on arms deals gone wrong
Ukraine arms procurement feud risks eroding western trust, G7 warns
Today’s FT News Briefing was produced by Ethan Plotkin, Sonja Hutson, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Behind the Money: GE Vernova tries to shake its parent’s problems
Today, we're bringing you an episode from our fellow FT podcast, Behind the Money. Massive conglomerates used to define corporate best practice. Think about a company like General Electric, known as “the everything company”. But today, there’s a new popular model: de-conglomeration. The FT’s former US energy reporter Amanda Chu examines whether this is working for a power business that GE spun off last year – or if it’s just another Wall Street fad.
Clips from BBC, Bloomberg, DW
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For further reading:
Rustbelt gamble: GE Vernova rides AI power boom into uncertain future
Is the US power grid ready to meet the demands of data centres?
Have America’s industrial giants forgotten what they are for?
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Follow Amanda Chu on X (@amandalanchu). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Trump’s next 100 days
This week, Swamp Notes goes to London for a live recording. Katie Martin, host of the Unhedged podcast, and Chris Giles, author of the FT’s Central Banks newsletter, discuss what Trump’s next few months might be like. Have markets truly recovered from the “liberation day” shock? What happens after the 90-day tariff pause is over? Our guests weigh in.
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Mentioned in this podcast:
Read the latest Chris Giles on Central Banks column here
Listen to the Unhedged podcast here
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the acting co-head of audio. Special thanks to Mischa Frankl-Duval and Pierre Nicholson.
Read a transcript of this episode on FT.com
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The economic impact of Trump’s budget bill
Republicans in the US House of Representatives narrowly passed President Donald Trump’s major budget bill on Thursday, and BYD has sold more electric vehicles in Europe than Tesla for the first time. Plus, Nvidia builds a buffer to the global trade war, and the US is starting to take the penny out of circulation.
Mentioned in this podcast:
US House passes Trump’s showpiece tax bill
BYD sells more electric vehicles in Europe than Tesla for first time
Nvidia seeks to build its business beyond Big Tech
Nvidia chief announces major Taiwan chip investments
US to become penniless with phasing out of one-cent coin
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Will Germany ban the far-right AfD?
Telegram leapt to a $540mn profit last year despite the ongoing legal threat to its leadership, yields on the longest-dated Japanese government bonds surged to record highs, and UK inflation rose more than expected to a 15-month high. Plus, Germany is considering banning the far-right Alternative for Germany party, but has it become too big to outlaw?
Mentioned in this podcast:
Telegram jumps to $540mn profit despite founder facing legal peril
Japan’s long-term borrowing costs hit record high on demand fears
UK inflation jumps to 3.5% in April
Will Friedrich Merz ban the far-right Alternative for Germany?
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Simon Panayi, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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CATL’s IPO pops in Hong Kong
European and Asian investors have pumped record sums into global equity funds that exclude the US market, and shares in Chinese battery maker CATL surged 16 per cent on their debut in Hong Kong. The EU plans to levy a flat fee on billions of small packages entering the bloc, mainly from China. Plus, Israeli Prime Minister Benjamin Netanyahu is facing calls to scale back his military operation in Gaza and let more aid into the enclave.
Mentioned in this podcast:
Investors flock to equity funds that exclude US after Trump’s return to power
Chinese battery maker CATL surges 16% in biggest listing of 2025
EU to impose €2 tax on low-cost items in blow to Temu and Shein
UK halts trade talks with Israel over Gaza offensive
Israel’s Gaza aid plan could lead to ‘war crime’, UN agency chief says
Benjamin Netanyahu says Israel plans to take over all of Gaza
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A warning shot to the Treasuries market
The US may be stepping back from its role as mediator in the war in Ukraine, and US long-term borrowing costs rose to their highest level since late 2023 on Monday. US drugmaker Regeneron has agreed to buy 23andMe out of bankruptcy, and the EU and the UK have announced a deal to “reset” their relationship at a summit in London.
Mentioned in this podcast:
Trump leaves Russia and Ukraine to settle war in talks
US borrowing costs climb after Moody’s downgrade
23andMe sold out of bankruptcy to Regeneron
UK-EU post-Brexit reset: the key points
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Trump administration to roll back banking rules
The UK is holding its first summit with the European Union since Brexit, and US authorities are preparing to announce one of the biggest cuts in banks’ capital requirements in more than a decade. Plus, European leaders are hoping to influence US President Donald Trump ahead of his call with Russian President Vladimir Putin, and China is on its way to becoming the world’s first “electrostate.”
Mentioned in this podcast:
UK and EU reset talks go ‘down to the wire’
Europe races to influence Trump ahead of Putin call
US poised to dial back bank rules imposed in wake of 2008 crisis
How Xi sparked China’s electricity revolution
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swamp Notes: Trump’s tilt to the left
Within the space of one week, US President Donald Trump endorsed tax increases for America’s top earners and promised to slash drug prices by up to 70 per cent. It’s a platform that echoes former presidential candidate Bernie Sanders and others on the political left. So why are we hearing it from Trump, and why now? FT’s Washington bureau chief James Politi and global business columnist Rana Foroohar are on the show to discuss.
Subscribe to the new Swamp Notes feed here.
Mentioned in this podcast:
Trump leans left in bid to revive flagging poll numbers
Why ‘Make Hollywood Great Again’ makes sense
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the acting co-head of audio. Special thanks to Sonja Hutson and Pierre Nicholson.
CREDIT: clip from Forbes
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Can Bill Ackman create a Berkshire Hathaway rival?
Japan has signalled it is prepared to hold out for a better deal with US President Donald Trump over trade tariffs, and investor Bill Ackman is trying to create a rival to Berkshire Hathaway. Plus, Poland’s election this weekend is shaping up to be a turning point, not only for domestic politics, but also for the war in Ukraine.
Mentioned in this podcast:
Japan to hold out for better trade deal with US
Can Bill Ackman create a ‘modern-day’ Berkshire Hathaway?
Polish women turn on Donald Tusk over abortion rights
Vladimir Putin and Donald Trump cast shadow over Poland’s election
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Simon Panayi, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Turkey after the PKK
CoreWeave reported a 420% rise in revenue in its first quarter as a listed company and the furious rally in US assets has caught big investors off guard. Plus, the Kurdistan Workers’ party, the militant group that has been in conflict with the Turkish state for more than 40 years, said it would disband.
Note: This episode has been edited from its original version to remove an incorrect segment.
Mentioned in this podcast:
CoreWeave beats estimates in first results as a listed company
Wall Street’s sudden rebound catches investors ‘offside’
Kurdish militant group PKK says it will disband and end Turkey conflict
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, and Michael Lello. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
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UnitedHealth’s big shake-up
The White House unveiled what it says is $600bn worth of defence and artificial intelligence deals with Saudi Arabia, UnitedHealth Group shares sink to the lowest level in more than four years, and US inflation fell to 2.3 per cent in April. Plus, Nissan plans to axe 15 per cent of its global workforce and almost halve its number of plants.
Mentioned in this podcast:
Donald Trump lauds Saudi Arabia as he unveils AI and defence deals
UnitedHealth chief Andrew Witty steps down as shares plunge
US inflation falls to 2.3% in April as tariff effect looms
Nissan to axe 15% of global workforce and almost halve number of plants
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Simon Panayi, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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A sigh of relief on US-China tariffs
Global stocks surged after the US and China slashed tariffs for 90 days, and Brussels is preparing to use capital controls and tariffs against Russia. Plus, OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation.
Mentioned in this podcast:
Who blinked first? How the US and China broke their trade deadlock
Wall Street stocks soar on US-China tariff reprieve
EU readies capital controls and tariffs to safeguard Russia sanctions
OpenAI negotiates with Microsoft to unlock new funding and future IPO
Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Simon Panayi, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Are investors starting to prefer Europe over the US?
US officials say they made “substantial progress” on trade talks with China, and trade optimism has driven German stocks to record highs. Plus, US President Donald Trump will visit Saudi Arabia, Qatar, and the United Arab Emirates for the first foreign trip of his second term, and the FT’s Christopher Grimes explains why Disney has bounced back amidst a struggling stock price.
Mentioned in this podcast:
Donald Trump seeks bromance and billions as he heads to Gulf
German stocks hit record high as trade optimism buoys markets
US claims ‘substantial progress’ after two days of trade talks with China
Disney plans first Middle East theme park in Abu Dhabi
Today’s FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, and Marc Filippino. Additional help from Katie McMurran and Peter Barber. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swamp Notes: Trump takes on higher ed
Description: US President Donald Trump is in an ongoing standoff with America’s top universities. Harvard lost $2.3bn in federal funding after it refused to comply with the administration’s demands on admissions and diversity, equity and inclusion. Columbia complied with a similar set of demands, but still lost $400mn. The FT’s global education editor Andrew Jack and acting Washington correspondent Myles McCormick join to discuss the issues at hand and why other universities could be next.
Mentioned in this podcast:
Trump to block Harvard from federal grants
Harvard sues Trump administration over funding freeze
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Katya Kumkova. Topher Forhecz is our acting co-head of audio. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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The US-UK trade deal
The US and the UK agreed to a trade deal, and the Bank of England cut interest rates by a quarter point. Plus, we hear from an FTC commissioner who was fired by US President Donald Trump and is challenging his dismissal.
Mentioned in this podcast:
US and UK seal first deal of Trump’s trade war
Robert Prevost becomes first American pope
BoE cuts interest rates by a quarter point to 4.25%
Behind the Money: The FTC commissioner fired by Trump
Audio credit: White House and NBC
The FT News Briefing is produced by Sonja Hutson, Lulu Smyth, Ethan Plotkin, Kasia Broussalian and Marc Filippino. Additional help from Katie McMurran, Michela Tindera, Katya Kumkova, Michael Lello, Peter Barber and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Conflict puts Pakistan’s economy at risk
The US scraps rule that aimed to limit exports of artificial intelligence chips, Pakistan vowed to retaliate after India launched air strikes against its neighbour, and the Federal Reserve held interest rates steady once again yesterday. Plus, Doordash’s expected acquisition of Deliveroo renewed questions about the UK’s ability to attract and retain listings.
Mentioned in this podcast:
US scraps Biden-era rule that aimed to limit exports of AI chips
Pakistan vows to retaliate after India launches military strikes
Federal Reserve holds rates steady as it balances risks from Donald Trump’s tariffs
DoorDash’s grab for Deliveroo puts brakes on London’s tech hopes
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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A rough start for German Chancellor Merz
India said it had carried out “precision strikes” on “terrorist infrastructure” at nine sites in Pakistan, Friederich Merz suffered a stinging defeat in the German Bundestag before being voted in as chancellor, and Washington and Beijing will this week hold their first trade talks since US President Donald Trump launched a trade war against China. Plus, Argentina is on the cusp of a copper mining boom that might cause problems for the country’s wine industry.
Mentioned in this podcast:
India launches military strikes on Pakistan
Argentina’s wine heartland eyes copper riches
US and China to launch formal trade talks
Chancellor on pause: Bundestag stings Friedrich Merz on day one
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US stocks make full recovery
OpenAI will remain under the control of the group’s non-profit arm, US stocks have wiped out the steep losses that followed US President Donald Trump’s tariff announcement, and the Bank of England is expected to cut interest rates on Tuesday. Plus, Meta’s AI ambitions face a legal test in one of the first trials over copyright infringement.
Mentioned in this podcast:
OpenAI ditches plan to convert to for-profit business
Meta lawsuit poses first big test of AI copyright battle
Bank of England expected to cut rates as US trade war hits growth
US stocks wipe out steep losses that followed Trump’s ‘liberation day’
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Berkshire after Buffett
The world’s most famous investor says he plans to step down after six decades leading Berkshire Hathaway, and Chinese exporters are turning to third countries to get around 145 per cent US tariffs. Plus, local Nigerian oil companies are starting to replace foreign majors, and Israel calls up reservists to support its expanded operations in Gaza.
Mentioned in this podcast:
Warren Buffett to step down from Berkshire Hathaway after six decades
Chinese exporters ‘wash’ products in third countries to avoid Donald Trump’s tariffs
Israel vows to hit back against Iran and Houthis after airport attack
Credit: CNBC
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swamp Notes: The conservative view on tariffs now
US President Donald Trump has garnered a lot of criticism since he enacted his trade war. But there are people who still defend the tariffs, including Oren Cass, chief economist of the conservative thinktank American Compass. Cass is a contributor to the FT’s opinion pages, and he joins the FT’s US national editor and columnist Edward Luce to discuss why some conservatives still find value in tariffs.
Mentioned in this podcast:
Trump has no idea what he has unleashed
Europe must choose between America and China
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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Australia’s voters go to the polls
Amazon warned of the impact of Donald Trump’s global trade war and issued weaker-than-expected guidance for the second quarter, and Australians head to the polls this weekend caught in the crossfire of the US-China trade war. Plus, European banks had a great first quarter thanks to global market volatility.
Mentioned in this podcast:
Amazon falls after profit forecast misses expectations
Australia: caught between a slowing China and a chaotic US
UBS, Barclays and SocGen reap trading windfall from market turmoil
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Josh Gabert-Doyon, Persis Love Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Honey, I shrunk the economy
Microsoft posted better than expected quarterly earnings on Wednesday, Spain is trying to figure out what caused a massive power outage, and the Conservatives are bracing for heavy losses in local England elections. Plus, the FT’s Claire Jones explains what we can take away from the latest US GDP reading.
Mentioned in this podcast:
US and Ukraine sign natural resources deal
Microsoft shares jump after software giant’s earnings top forecasts
US economy contracts at 0.3% rate as Trump tariffs prompt import surge
Local elections: Tories braced for losses as England votes in five-party race
How did Spain’s electricity grid collapse?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Japanese investors hope for a corporate shake-up
Donald Trump unveiled more tariff relief for some carmakers, and shares in a number of companies surged in Tokyo after a plan for carmaker Toyota Motor to take one of its subsidiaries private. Plus, Wall Street economists forecast that US GDP shrank in the first quarter, and contrary to some stereotypes, Generation Z is leading the charge back to the office.
Mentioned in this podcast:
Wall Street banks predict GDP contraction after US trade deficit hits record
Donald Trump set to announce new car tariff climbdown in Michigan
Japan shares surge after Toyota spurs hopes for wider corporate shake-up
Gen Z is leading the charge back to the office
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Big oil braces for a rough year
The oil industry is bracing for its worst year since the pandemic, and Spain and Portugal are reeling from a massive power outage. Plus, the FT’s Emily Herbert explains why the flight into the Swiss franc is causing a headache for the country’s central bank.
Mentioned in this podcast:
Big Oil braced for worst year since pandemic as bumper profits recede
Spain declares state of emergency in the wake of huge power outage
Swiss franc surge sparks bets on return to negative interest rates
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Flo Phillips, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
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The elusive Ukraine peace deal
Canadians will head to the polls Monday to pick a prime minister, and a new US proposal to end the War in Ukraine would allow Russia to keep some of the territory it’s conquered. Plus, Hungary’s government may be funneling money to friendly news outlets, and major American companies are starting to speak up about Donald Trump’s trade war.
Mentioned in this podcast:
Canadians head to the polls to elect new prime minister
Putin and Trump envoy hold ‘constructive’ meeting, Russian official says
Trump and Zelenskyy hold ‘productive’ discussion at Pope’s funeral
Hungary accused of illegal subsidies for pro-government media
Consumer giants ring warning bells over Donald Trump’s trade war
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Trump’s ‘you break it, you buy it’ moment
Just a few weeks ago, US President Donald Trump was ready to levy tariffs on basically every nation. Today, many of those tariffs have been paused or tempered. Additionally, this week he promised he will not be firing Federal Reserve chair Jay Powell, despite his earlier criticism. Should we expect more backstepping from Trump in the face of economic data? And what do the voters think of it all? FT economics editor Sam Fleming joins alongside Jon McHenry, vice-president of the conservative pollster North Star Opinion Research.
Mentioned in this podcast:
Trump claims to have received call from Xi Jinping and to have cut ‘200 deals’ on trade
Donald Trump says he has ‘no intention’ of firing Jay Powell
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US tariffs bite Chinese industry
Apple plans to shift the assembly of all US-sold iPhones to India as soon as next year, factories in China have begun slowing production and furloughing some workers in the aftermath of US tariffs, and Alphabet shares rose after it reported first-quarter profit surged 46 per cent. Plus, the Trump administration wants to stamp out one of America’s enduring financial pastimes: writing paper cheques.
Mentioned in this podcast:
Alphabet shares jump as Google search boosts profits
Apple aims to source all US iPhones from India in pivot from China
Is Trump’s drive to kill the paper cheque a ‘no brainer’?
Chinese factories slow production and send workers home as US tariffs bite
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Bessent takes aim at the IMF
Sir Keir Starmer and Ursula von der Leyen will on Thursday finalise plans for a new defence pact, US Treasury secretary Scott Bessent has accused the IMF and World Bank of “mission creep” and Boeing reported lower than expected losses. Plus, Tesla chief executive Elon Musk looks to right the electric-car company by reducing his role in the Trump administration.
Mentioned in this podcast:
UK and EU finalise plans for defence pact
Musk drives Tesla calmly through investors’ red lights
Scott Bessent accuses IMF and World Bank of ‘mission creep’
Boeing prepared to redirect orders destined for Chinese carriers
Credit: Associated Press
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
BP’s race to cut costs
Tesla’s first-quarter adjusted profits dropped 39 per cent and the IMF has downgraded outlooks for G7 nations and big economies such as China and India. Plus, we take a look at whether BP can turn things around to catch up with its rivals.
Mentioned in this podcast:
Elon Musk to prioritise Tesla over White House role as profits slump
IMF warns of rising US recession risk and defends Fed policy
Vladimir Putin offers to halt Ukraine invasion along current front line
Will going back to basics restore BP’s fortunes?
Donald Trump says he has ‘no intention’ of firing Jay Powell
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Catholic Church after Pope Francis
Wall Street stocks dropped as President Donald Trump attacked Federal Reserve chair Jay Powell, Pope Francis passed away on Monday after leading the Catholic Church for 12 years, and more than half of nearly 1,500 business leaders support a shift to a renewables-based electricity system. Plus, Europe is now seeking to take advantage of China’s electric vehicle manufacturing expertise.
Mentioned in this podcast:
US stocks and dollar sink as Trump renews attacks on Fed chair Powell
Obituary: Pope Francis, reformer of modern Catholicism, 1936-2025
Europe helped teach China to make cars. Now the tables are turning
Companies make plans to shift to green energy despite Trump-era rollbacks, survey shows
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
How tariffs are affecting luxury goods
Luxury goods were supposed to be making a comeback this year. But US President Donald Trump’s trade war has complicated that and things are looking grim for the industry. The FT’s fashion editor Lauren Indvik explains where things stand with LVMH, Prada and others.
Mentioned in this podcast:
Donald Trump’s trade war shatters hopes of 2025 luxury revival
The FT News Briefing is produced by Katya Kumcova, Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Andrew Georgiadis, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The Rachman Review: Iran’s nuclear talks could reshape the Middle East
Swamp Notes is taking this weekend off so instead we wanted to share the latest episode from our fellow FT podcast, The Rachman Review.
Nuclear talks between the US and Iran began last weekend in Oman, and are set to continue in the coming weeks. President Trump has warned that if the talks fail the US could take military action against the Islamic republic – an idea that Israel's government is pressing for. In this episode, we unpack what a new nuclear deal with Iran might look like – and how it could change the geopolitical picture in the Middle East.
Free links to read more on this topic:
The false promise of regime change in Iran
US and Iran agree to follow-up talks over nuclear crisis
Is Iran on a collision course with the west?
Subscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe.
Presented by Gideon Rachman. Produced by Mischa Frankl-Duval. Sound design is by Breen Turner.
Read a transcript of this episode on FT.com
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Japan and the US talk tariffs
China’s imports of US liquefied natural gas have completely stopped for more than 10 weeks, and Japan’s chief trade negotiator leaves Washington without an immediate agreement after meeting Donald Trump. The European Central Bank has cut its benchmark interest rate by a quarter-point to 2.25 per cent. Plus, astronomers have found signs of biological activity on a planet 124 light years from Earth.
Mentioned in this podcast:
Astronomers claim strongest evidence yet of extraterrestrial life
Donald Trump weighs in on Japan trade talks but Tokyo team leaves without deal
Donald Trump says Fed chair Jay Powell’s ‘termination cannot come fast enough’
ECB cuts rates to 2.25% amid Trump trade war
China stops buying liquefied gas from the US
Audio credit: C-SPAN
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Emerging markets’ surprising performance
Federal Reserve chair Jay Powell is warning that US tariffs are ‘likely’ to put at risk the central bank’s goals of keeping prices and unemployment in check, and chipmakers are reeling from a tough week. Plus, UK inflation fell more than expected to 2.6 per cent in March and the FT’s Aiden Reiter explains why emerging markets are doing surprisingly well in all this market volatility.
Mentioned in this podcast:
Trump tariffs put Fed’s jobs and inflation goals at risk, Powell says
Unhedged: Emerging markets’ unexpected outperformance after “liberation day”
ASML’s chipmaking machine orders disappoint amid tariff uncertainty
UK inflation falls more than expected to 2.6% in March
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
India’s middle-class debt crisis
Nvidia says it expects to take a $5.5bn blow as the US clamps down on the Silicon Valley group’s ability to export artificial intelligence chips to China, and PwC is exiting 12 countries. Plus, the junk bond market has basically ground to a halt, and India’s middle class is dealing with a debt crisis that could impact the country’s growth ambitions.
Mentioned in this podcast:
Nvidia to take $5.5bn hit as US clamps down on exports of AI chip to China
Risky corporate borrowers shut out of bond market since Trump’s tariff blitz
How India’s middle-class debt crisis is threatening growth
PwC exits 12 countries in push to avoid scandals
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katya Kumcova, Saffeya Ahmed, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
How Argentina pulled off its latest IMF deal
Brussels is exploring legal options that would allow European companies to break long-term Russian gas contracts, and Goldman Sachs had a mixed first quarter. Plus, China’s President Xi Jinping is traveling around south-east Asia to make the case that Beijing is open for business, and Argentina just landed a $20bn deal with the IMF.
Mentioned in this podcast:
Xi Jinping warns ‘no winners’ from Trump trade war as he heads to Vietnam
Argentina secures $20bn IMF deal by relaxing currency controls
Goldman Sachs’ chief hopeful Trump will listen to corporate America
EU explores legal options for ending Russian gas deals
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Katya Kumcova, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Is it glass half-full or half-empty for US banks?
US tariff exemptions on personal electronics may only be temporary, and big banks posted major earnings on Friday despite some economic headwinds. Plus, the European Union and the UK are getting closer to signing a defense pact, and the Trump Administration's pressure on universities could drive students and faculty overseas.
Mentioned in this podcast:
US tech tariff exemption will be temporary, says Lutnick
JPMorgan chief Jamie Dimon warns of ‘considerable turbulence’ in US economy
Warning lights flash for US consumer strength as credit defaults rise
American academics seek exile as Trump attacks universities
AI praise-giving tool promises ‘authentic’ insights
UK and EU close ranks on defence amid Trump turmoil
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: The Federal Reserve’s tariff dilemma
US President Donald Trump’s global trade war has made a mess for the Federal Reserve. Despite an encouraging US consumer price index report this week, there are major concerns about the inflationary nature of Trump’s tariffs. Meanwhile, the Fed has cut growth forecasts. And if all that wasn’t enough, Trump is breathing down chair Jay Powell’s neck to cut interest rates. The FT’s US economics editor Claire Jones and economics commentator Chris Giles explain why the central bank is caught in a difficult position.
Mentioned in this podcast:
Jay Powell’s tariff dilemma: defend the economy or contain inflation
Alphaville: An emergency rate cut from the Fed?
US inflation falls more than expected to 2.4% in March
Federal Reserve ‘absolutely’ ready to help stabilise market if needed, top official says
Sign up for the FT’s newsletter Chris Giles on Central Banks
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Uncertainty reigns in US markets
US inflation fell more than expected to 2.4 per cent in March, and France’s Renault is one of the few carmakers insulated from Donald Trump’s trade war. Plus, Indonesia is looking to run its colossal new sovereign wealth fund “like a public company”.
Mentioned in this podcast:
US inflation falls more than expected to 2.4% in March
Indonesia’s new sovereign wealth fund vows transparency ‘like a public company’
Renault emerges as winner in Trump tariff chaos
Sky to bring hit US series ‘Saturday Night Live’ to the UK
Credit: NBC
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katya Kumcova, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Trump’s tariff reversal
US stocks surged on Wednesday after Donald Trump paused ‘reciprocal’ tariffs for 90 days. Plus, the EU and China are working on a new trade relationship because of the levies. Meanwhile, Apple is looking to boost production in India.
Mentioned in this podcast:
EU calls for ‘negotiated resolution’ with China in face of US tariffs
Apple turns to India to help ease Trump’s China tariffs
US stocks soar as Donald Trump backs down in global trade war
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Markets might not have hit the bottom yet
Donald Trump is pushing ahead with another 50 per cent tariff on Chinese goods, and there are questions about what will happen to nearly $2tn worth of pledges to invest in the US because of the levies. Plus, the FT’s Katie Martin explains why a selloff in US Treasuries could mean a world of hurt for markets.
Mentioned in this podcast:
Donald Trump to proceed with extra 50% tariff on China as trade war escalates
US tariffs threaten almost $2tn of investment pledges by global companies
Markets could get a lot worse — and quickly
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Companies look for US tariff workarounds
Equities markets continued to adapt to the tariffs unleashed by US President Donald Trump, oil prices hit a four-year low on Monday, and investors are expecting the European Central Bank to make two rate cuts by July. Plus, the FT’s Stephen Foley explains how consultants are advising their clients on limiting the damage from tariffs.
Mentioned in this podcast:
Oil drops further as fears of global recession rise
Companies get creative in finding ways to limit impact of Trump’s tariffs
ECB expected to cut rates in April and June as tariffs threaten recession
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
How Italy could decide the EU’s response to tariffs
The UK plans to introduce a lighter regulatory regime for private equity and hedge funds, and Italy may block an EU plan to respond to US President Donald Trump’s tariffs. Plus, popular ‘private browsing’ apps hosted by Apple and Google may violate American sanctions, and the trade war has triggered the biggest sell-off in the US junk bond market since 2020.
Mentioned in this podcast:
Apple and Google app stores host VPNs linked to sanctions-hit Chinese group
Britain to dilute rules for private equity and hedge funds
Meloni under pressure to back EU ‘bazooka’ against Trump tariffs
Tariffs spark US junk bond sell-off as recession risk mounts
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: The costs of Trump’s tariffs
This week the US imposed new tariffs on most of the world. The FT’s US national editor Ed Luce joins us to analyze why they are baffling economists and worrying markets. Ed’s take? The US is taking itself out of the globalised economic system it built, and the consequences could be grave.
Mentioned in this podcast:
Donald Trump’s beautiful trade war
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Trump’s tariffs rattle global markets
US President Donald Trump’s tariffs caused a global market sell-off on Thursday. Now, there are concerns that these levies will push the US into a recession. We speak to the FT’s senior markets correspondent Ian Smith and our economics editor Sam Fleming about the repercussions.
Mentioned in this podcast:
Dollar drops as Donald Trump’s tariffs stoke economic fears
Bling, bags and booze fall victim to Trump’s trade war
Will Donald Trump’s ‘liberation day’ tariffs drag US into recession?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Tesla soars on Musk’s potential departure
Donald Trump launched a barrage of new tariffs on trading partners, and Tesla’s share price jumped on a report that chief executive Elon Musk could be leaving his US government role. Plus, the FT’s Ben Hall explains what’s next for Marie Le Pen now that France’s far-right leader has received a five-year ban from standing in elections.
Mentioned in this podcast:
Donald Trump escalates global trade war with sweeping tariff blitz
Elon Musk denies role in Trump administration is under pressure
Tesla suffers worst quarter since 2022 as deliveries tumble
French court leaves Marine Le Pen’s political career on the brink
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
What Wall Street expects from Trump’s ‘liberation day’
US venture capital giant Andreessen Horowitz is in talks to invest in social media platform TikTok, US President Donald Trump is expected to lay out his sweeping tariffs policy today, and European inflation is down for the second straight month. Plus, Syria’s White Helmets have returned to Damascus as the country tries to rebuild from its brutal civil war.
Mentioned in this podcast:
Andreessen Horowitz in talks to help buy out TikTok’s Chinese owners
What to expect on ‘liberation day’
Eurozone inflation falls for second consecutive month to 2.2%
Syria’s White Helmets return to Damascus
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Elon Musk transforms Wisconsin court race
Google’s artificial intelligence arm DeepMind has been holding back the release of its world-renowned research, and Elon Musk has poured an unprecedented amount of money into a Wisconsin state supreme court race. Plus, Lebanon’s new central bank governor Karim Souaid has been mired in controversy.
Mentioned in this podcast:
DeepMind slows down research releases in battle to keep competitive edge
The people vs Elon Musk: billionaire transforms Wisconsin court contest
Lebanon closes in on next central bank head
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
CoreWeave tests investor appetite for AI
Investors warn that higher bond yields in Germany could make it harder for EU members to increase defence spending, and the tech world’s largest public offering in 18 months fell flat on Friday. China was targeted by a record number of trade disputes at the World Trade Organization last year, and traders in Gaza are charging commissions of 30% on hard currency due to severe shortages.
Mentioned in this podcast:
Germany’s spending push drives up borrowing costs across Eurozone
CoreWeave treads water in market debut after downsized IPO
China’s export boom sparks record number of WTO disputes
Isar declares rocket launch a success despite crash on first attempt to reach orbit
Credit: Isar Aerospace
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: How Medicaid cuts could shake up Maga
As Congress works through President Donald Trump’s recent budget, one of the likeliest cuts on the chopping block is Medicaid. The government health insurance programme is used by one in five Americans, including many voters who make up Trump’s Maga base. So could cuts to Medicaid actually threaten Trump’s hold on Republicans? Washington bureau chief James Politi and US politics and society correspondent Guy Chazan are on to discuss if a showdown is coming between the party’s fiscal hawks and those who’d like to preserve social welfare programmes.
Mentioned in this podcast:
The big government spending Maga voters can’t live without
US House passes budget resolution to cut taxes and spending by trillions
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China gives IPOs the green light
US President Donald Trump’s auto tariffs hit carmaker shares and Chinese financial authorities have told some companies they can start launching mainland initial public offerings. Plus, protesters in Turkey are worried about the future of their democracy.
Mentioned in this podcast:
China opens path to revival in A-share listings
Donald Trump’s tariffs throw car industry into turmoil
Turkish protesters rise up against Recep Tayyip Erdoğan
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Rolls-Royce flies high
The US will impose tariffs of 25 per cent on imports of foreign-made autos and Piyush Gupta will step down after 16 years as chief executive at Singapore’s DBS bank. UK inflation unexpectedly fell to 2.8 per cent in February, and Rolls-Royce has seen its share price skyrocket since 2023, in large part due to chief executive Tufan Erginbilgiç.
Mentioned in this podcast:
Donald Trump to impose 25% tariff on US auto imports
DBS and Jack Ma: how a meeting helped change the history of Singapore’s biggest bank
Turning round Rolls-Royce: ‘If you don’t score quickly, you lose people’
UK inflation slows more than expected to 2.8%
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Spring Statement highlights tough UK economy
Beijing has introduced environmental restrictions that would prevent Chinese companies from buying Nvidia’s bestselling processors, UK chancellor Rachel Reeves will update the country on Wednesday on the latest economic growth forecasts, and Shell has said it will cut costs and spending, especially in clean energy. Plus, individual investors have pumped almost $70bn into US stocks this year even as professional money managers are slashing their exposure.
Mentioned in this podcast:
Nvidia’s China sales face looming threat from Beijing environmental curbs
What will be in Rachel Reeves’ Spring Statement?
Shell slashes costs in ‘relentless’ drive to close valuation gap with US rivals
Retail traders plough $67bn into US stocks while investment giants flee
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Are Musk’s ties jeopardising Starlink?
Sources tell the FT that China is considering including services in a multibillion-dollar subsidy programme to stimulate consumption, software giant SAP has become Europe’s most valuable company, and BYD’s annual sales have topped $100bn for the first time. Plus, Elon Musk’s Starlink is set to cement its dominance this year, but his ties to US President Donald Trump are shifting from an asset to a liability.
Mentioned in this podcast:
China explores services subsidy to boost weak domestic demand
SAP leapfrogs Novo Nordisk to become Europe’s most valuable company
BYD’s annual sales top $100bn for first time
Starlink’s rapid global rollout complicated by Elon Musk’s ties to Donald Trump
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Foreign investors feel the pinch of US stock slump
Canada’s new prime minister calls snap elections, European investors in US equities have been dealt a double blow, and carmakers try to get ahead of US President Donald Trump’s new tariffs. Plus, a group of top tennis players has accused the game’s governing bodies of trapping them in an unfair system.
Mentioned in this podcast:
Mark Carney calls snap election for Canada citing ‘crisis’ caused by Trump
Dollar slump magnifies stock market pain for foreign investors
Carmakers rush to ship vehicles to US ahead of new round of April tariffs
Tennis stars accuse governing bodies of ‘cartel’ to deny them more prize money
UK comic book makers join forces as AI copycat battle awaits
Credit: CBC News
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Why Democrats can’t get their act together
As US President Donald Trump dismantles agencies and challenges institutions across the federal government, Democrats still can’t decide how to oppose him. The FT’s global business columnist Rana Foroohar and Washington reporter Steff Chavez join this week’s Swamp Notes podcast to discuss why Democrats’ inability to pick a strategy can prove costly.
Mentioned in this podcast:
The Democrats must make a choice
Top Senate Democrat to back Republican bill to avert government shutdown
Sign up for the FT’s Swamp Notes newsletter here
Sign up for the FT’s White House Watch newsletter
Swamp Notes is produced by Katya Kumkova, Sonja Hutson and Ethan Plotkin. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
CREDIT: YouTube/Forbes Breaking News, YouTube/NBC News
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
UK races to avoid Trump tariffs
European countries are considering how to take on greater responsibilities for the continent’s defence, the UK and the US are negotiating a trade deal to avoid tariffs, and has the Federal Reserve stopped leading the way on global monetary policy?
Mentioned in this podcast:
European military powers work on 5-10 year plan to replace US in Nato
UK races to avoid worst of Trump tariffs with talks on tech tax
What’s at stake in the US-UK trade talks?
Newsletter: Chris Giles on Central Banks
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Does the Olympic business model still work?
The Federal Reserve is still in wait-and-see mode, a handful of technology start-ups are expected to go public next month, and Turkish police have detained the main political challenger to President Recep Tayyip Erdoğan. Plus, the campaign for International Olympic Committee president has shone a harsh light on the organization’s business model.
Mentioned in this podcast:
Federal Reserve cuts US growth forecast as Trump’s policies weigh on outlook
Tech groups boost IPO revival hopes despite market tumult
Turkish police detain Erdoğan’s main political rival
Does the Olympic business model still work?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Boeing struggles in the final frontier
Vladimir Putin has ordered Russia’s military to refrain from striking Ukrainian energy infrastructure for 30 days, and the Israel-Hamas ceasefire was broken after Israeli strikes killed more than 400 people on Tuesday. Boeing’s rescue mission highlights the company’s struggles in space. Plus, Germany’s parliament approves Friedrich Merz’s plans to boost defence spending.
Mentioned in this podcast:
Putin agrees 30-day halt to strikes on Ukrainian energy infrastructure in call with Trump
Israel strikes kill more than 400 as Gaza ceasefire breaks down
Stranded astronauts’ rescue mission lays bare Boeing’s struggles in space
Germany’s parliament approves Friedrich Merz’s 1tn spending plan
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Jack Ma’s AI comeback
Vladimir Putin has allowed a group of western asset managers and hedge funds to offload Russian securities left in limbo by Moscow’s invasion of Ukraine, an FT analysis found that US listings often fail to boost companies’ valuations, and the Financial Conduct Authority is to ban Crispin Odey from the financial services industry. Plus, tech giant Jack Ma used artificial intelligence to fuel a major turnaround at Alibaba.
Mentioned in this podcast:
Putin lets western investors sell some Russian shares ahead of Trump talks
US listings often fail to boost European companies’ valuations
FCA to ban Crispin Odey from financial services industry
How Jack Ma’s pivot to AI rehabilitated Alibaba
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Saudi Arabia puts outside consultants on notice
HSBC and UBS are expanding their wealth management arms in India, and the consulting boom in Saudi Arabia is slowing down. Plus, global gold prices have soared on fears that President Donald Trump could impose tariffs on gold imports, and US retailers are preparing for fewer sales in 2025.
Mentioned in this podcast:
HSBC and UBS expand India wealth management arms after IPO boom
Gold hits $3,000 for first time on global growth fears
From London to New York via Switzerland: the booming trade in gold bars
End of ‘blank cheque’ era for outside consultants in Saudi Arabia
South Korea’s academic race pushes half of under-6s into ‘cram’ schools
US shoppers tighten their belts as economic outlook concerns mount
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Why Trump may want a weaker dollar
This week, the value of the American dollar continued to decline. The plunge has been attributed to market volatility over President Donald Trump’s on-again, off-again tariffs. But there are some on Trump’s economic team who have floated wanting to weaken the dollar intentionally. FT economics columnist Gillian Tett and Unhedged host Katie Martin join to discuss why the chaos that’s keeping investors worried may be a feature, not a bug.
Mentioned in this podcast:
What a Mar-a-Lago accord could look like
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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Modi’s tariff tap dance with Trump
Russian President Vladimir Putin has indicated Moscow is unwilling to drop its maximalist demands over any deal to halt the fighting in Ukraine, and Intel’s new chief executive has made investors excited. Plus, India’s Prime Minister Narendra Modi is in a tough spot over how he handles tariffs from the US.
Mentioned in this podcast:
Putin voices doubts over US proposal for Ukraine ceasefire
Intel shares soar after troubled chipmaker appoints Lip-Bu Tan as CEO
‘Whatever you charge, I’m charging’: Donald Trump forces India’s hand on tariffs
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Lights out at Northvolt
Elon Musk’s efficiency drive failed to prevent US federal spending rising to a record $603bn in February, European battery maker Northvolt has filed for bankruptcy in Sweden, and US inflation fell to 2.8% last month. Plus, China’s plan to revive Africa’s ‘freedom railway’ showcases Beijing’s leaner approach to overseas aid.
Mentioned in this podcast:
Elon Musk’s cuts fail to stop US federal spending hitting new record
Northvolt files for bankruptcy in Sweden
US inflation fell more than expected to 2.8% in February
The railway that China hopes will take on the US in Africa
Saudi-owned Scopely buys Pokemon Go in $3.5bn gaming deal
For more on Northvolt, listen to the FT’s Behind The Money deepdive here, or search wherever you get your podcasts.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Nissan pushes CEO out
The S&P 500 dipped into correction territory on Tuesday and Nissan has pushed out chief executive Makoto Uchida in the wake of the collapse of merger talks with Honda. Plus, banks are trying to catch up to one of the hottest trends in consumer finance: interest-free buy now, pay later loans.
Mentioned in this podcast:
Ukraine says it is willing to accept 30-day US-brokered ceasefire
Wall Street sell-off pulls S&P 500 into correction territory
Nissan pushes out chief Makoto Uchida after collapse of Honda merger talks
Big banks play catch-up with fintech start-ups in deferred payments
Leavitt clip: C-SPAN
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Is this dotcom bust 2.0?
Wall Street stocks fell on Monday, and Pimco has recorded a 17% paper profit on its portion of a £3bn emergency loan that it and others are set to provide to ailing utility Thames Water. Plus, hundreds of people have been killed in Syria after clashes between pro-government and pro-Assad forces escalated into sectarian violence.
Mentioned in this podcast:
Wall Street stocks tumble as investors fret over US economic slowdown
US condemns Syria violence after hundreds killed in sectarian clashes
Pimco books 17% instant profit on Thames Water emergency loan
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Trump nominee uniting Democrats and Republicans
Canada’s Liberal party selects a new leader, and US President Donald Trump’s nominee to lead the Justice Department’s antitrust division is turning heads on Wall Street. Plus, US startups are raising more money than at any point since 2021, and why a gold boom in Ghana is driving up global chocolate prices.
Mentioned in this podcast:
Mark Carney to replace Justin Trudeau as Canada’s prime minister
Trump nominee unites right and left with tough antitrust view
The illegal gold miners driving up global chocolate prices
AI frenzy leads US venture capital to biggest splurge in three years
Bridgestone and Michelin test advances in puncture-free tyres
Credit CBC
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Trump’s transatlantic divorce
European leaders met twice this week to discuss a plan to protect Ukraine — without US leadership. The rift between Brussels and Washington has grown as US president Donald Trump paused military aid to Ukraine and stopped intelligence sharing. As Germany and the EU discuss a new set of defence stimulus plans, special guest Gideon Rachman, the FT’s chief foreign policy commentator, is on to discuss possible outcomes.
Mentioned in this podcast:
Trump is sowing the seeds of an anti-American alliance
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Tariff uncertainty continues market volatility
Donald Trump’s crypto project made at least $350mn from the launch of his memecoin, and FT markets columnist Katie Martin unpacks the week in markets. The European Central Bank cut interest rates to 2.5 per cent yesterday, plus EU leaders held an emergency summit to talk about defence spending and support for Ukraine.
Mentioned in this podcast:
Donald Trump’s crypto project netted $350mn from presidential memecoin
ECB cuts interest rate to 2.5%
US stocks struggle as ‘America First’ bets backfire
Global bond sell-off deepens as Germany jolts markets
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Trump bump on Canadian politics
US President Donald Trump has handed carmakers a one-month reprieve on tariffs on imports from Mexico and Canada, and we look at how a few billionaire elites struck a multibillion-dollar port deal within weeks. German borrowing costs surged by the most in 28 years on Wednesday, and the Liberal party in Canada will hold a leadership vote this weekend to replace Prime Minister Justin Trudeau.
Mentioned in this podcast:
Donald Trump hands carmakers one-month reprieve from tariffs
German borrowing costs soar by most since 1997 on ‘historic’ debt deal
Donald Trump revives Canada’s Liberals in electoral turnaround
The billionaire elite who answered Donald Trump’s call on Panama Canal
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Taiwan looks to play nice with Trump
Volodymyr Zelenskyy said Ukraine was “ready to come to the negotiating table as soon as possible”, Taiwan is trying to get on US President Donald Trump’s good side, and private equity assets under management fell last year for the first time in decades. Plus, businesses are snapping up the wind and solar farms that governments are no longer backing.
Mentioned in this podcast:
Big businesses step up to buy energy from new wind and solar farms
‘Chips on the table’: Taiwan pushes for closer US ties as China threat looms
Volodymyr Zelenskyy says Ukraine ‘ready’ to talk peace in bid to placate Donald Trump
Private equity industry shrinks for the first time in decades
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US defence stocks get left behind
The US is suspending military aid to Ukraine, Chevrolet Silverado’s complex supply chain leaves it particularly vulnerable to a looming trade war, and Eurozone inflation has fallen for the first time in four months to 2.4 per cent. Plus, US defence stocks are being left behind.
Mentioned in this podcast:
US suspends military aid to Ukraine
How Donald Trump’s tariffs threaten an iconic US pick-up truck
Eurozone inflation falls to 2.4% as underlying price pressures ease
European defence shares jump as blistering rally gathers pace
US defence groups miss out on global stock rally amid Trump’s Pentagon cuts
Credit: @ChevyPH
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Europe takes the lead on Ukraine peace deal
Cryptocurrencies surged on Sunday after a surprise announcement from US President Donald Trump, and European leaders gathered in London to shore up support for Kyiv. Plus, Deutsche Bank clashed with the European Central Bank throughout 2024 over concerns about its risk management, and high interest rates and uncertainty over immigration policy are discouraging US homeowners from renovating properties.
Correction: We incorrectly said in this episode that by the end of 2024, Deutsche had earmarked more than €5.5bn for potential losses. We should have said that during 2024, Deutsche earmarked €1.8bn for potential losses. We apologise for this error.
Mentioned in this podcast:
Crypto prices jump as Trump says US strategic reserve to include lesser-traded tokens
Deutsche Bank clashed with ECB over bad loan losses
UK and France aim for new Ukraine peace deal after White House fracas
Americans delay home improvements in latest blow to US housing market
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Trump vs the press
This week, the White House said it would pick which reporters would get access to Donald Trump. Meanwhile, the US president has sued several press outlets for what he considers unfair coverage. Can the media do its job in this political landscape? The FT’s Washington bureau chief James Politi and Los Angeles bureau chief Chris Grimes examine the media climate.
Mentioned in this podcast:
White House to choose which reporters get close access to Donald Trump
Donald Trump vs the media: US president wages war on the fourth estate
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Trump greets Starmer at White House
US President Donald Trump has said his administration is working on a trade deal with the UK, Santander’s incoming chief accounting officer is under criminal investigation in Brazil, and the pound is rebounding. Plus, DeepSeek’s advances have sparked a nationwide push in China to deploy its large language models everywhere from hospitals to local governments. Audio credit: The Independent
Mentioned in this podcast:
Trump says US is working on trade deal with the UK
Sterling outshines rivals on stronger economic data
DeepSeek spreads across China with Beijing’s backing
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The medical bills hurting China’s economy
Nvidia’s revenues soared in the quarter to the end of January as demand for its AI-focused chips boomed, healthcare costs are dragging down the Chinese economy, and BP is turning its main focus back to fossil fuels. Plus, America’s investors are putting money in English football’s lower leagues.
Mentioned in this podcast:
Nvidia revenues jump almost 80% on booming AI chip sales
Why ‘catastrophic’ medical bills are hurting China’s economy
BP pivots back to oil and gas after ‘misplaced’ faith in green energy
Wealthy overseas owners drive record spend in English football’s lower leagues
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Unilever’s CEO gets the boot
Kyiv has agreed terms with Washington on a minerals deal, and finance ministers from many of the world’s largest economies are poised to skip Group of 20 meetings in South Africa this week. Plus, Unilever is replacing its chief executive and the FT’s Hannah Murphy explains why Silicon Valley is veering to the conservative right.
Mentioned in this podcast:
Unilever ousts chief Hein Schumacher after less than two years
Tech titans stand with Donald Trump to kill off activism in Silicon Valley
Ukraine agrees minerals deal with US
Top finance ministers snub G20 as global co-operation comes under strain
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katyha Kumkova, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Germany’s debt brake problem
The US and Europe battled in the UN and G7 over whether to blame Russia for its war against Ukraine, German election winner Friedrich Merz faces serious hurdles to boosting defence spending, and Apple said it planned to hire an additional 20,000 staff in the US over the next four years. Plus, US commodities trader Archer Daniels Midland has pledged to stick with its climate commitments, despite looser regulations under President Donald Trump.
Mentioned in this podcast:
Europe and US clash over Ukraine in G7 and UN
Debt and defence worries for Friedrich Merz after AfD and far left make gains
Apple announces plans to create 20,000 US jobs in pitch to Donald Trump
ADM pledges to stick to climate goals as Donald Trump divides corporate world
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
German voters shift to the right in Sunday’s elections
The center-right Christian Democrats won the most votes in Germany’s election, and the US stock market had its worst day in two months on Friday. Britain and India will relaunch talks on a long-awaited trade deal, plus, China’s holdings of US Treasuries have fallen to their lowest level since 2009.
Mentioned in this podcast:
Friedrich Merz set to become Germany’s next chancellor, exit polls say
US stocks post worst slide in two months on gloomy economic data
China’s holdings of US Treasuries fall to lowest level since 2009
UK and India relaunch trade talks in bid to boost investment opportunities
Decaffeinated Brazilians blame Lula for surging cost of morning brew
Credit: @casaljb_brasil/Instagram
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Trump tries to bring watchdogs to heel
US President Donald Trump’s executive order this week seeks to “rein in” independent federal agencies by requiring them to submit draft regulations for review. The FT’s US managing editor Brooke Masters and our legal and enforcement correspondent Stefania Palma discuss what the new measures mean for the business community.
Mentioned in this podcast:
Trump makes push for control of independent US regulators
US dealmaking suffers worst start to a year in a decade amid Trump volatility
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Defending Europe without the US
Investors are urging the EU to make sweeping reforms to its debt securitisation market, Walmart has staged a major comeback, and Chinese ecommerce giant Alibaba reported its fastest revenue growth in more than a year. Plus, the FT’s John Paul Rathbone explains how Europe could defend itself should Donald Trump pull US military assets.
Mentioned in this podcast:
Investors call for shake-up of Europe’s ‘failed’ securitisation market
How Europe can defend itself without US help
How a resurgent Walmart saw off the Amazon threat
Walmart points to ‘uncertain time’ with warning of weaker sales growth
Alibaba to ‘aggressively’ invest in AI over next three years
Subscription promo: ft.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Manufacturing on the ballot in Germany
KKR has submitted a preliminary bid to take a majority stake in Thames Water, and HSBC set out its cost cuts in its annual earnings report yesterday. UK inflation hit a 10-month high. Plus, Germany has lost half a million manufacturing jobs since 2020.
Mentioned in this podcast:
German manufacturing job losses deepen fears over industrial decline
UK inflation rises to 10-month high of 3% in January
HSBC sets out scale of cost cuts under chief executive’s restructuring plan
KKR submits £4bn bid to take majority stake in Thames Water
Subscription promo: ft.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Why Trump wants Ukraine’s minerals
The US and Russia have agreed to ‘lay the groundwork for future co-operation’ on ending the Ukraine war, and US president Donald Trump has his eyes on Ukrainian mineral deposits. Plus, developers of small modular nuclear reactors have raised at least $1.5bn in funding over the past year thanks to AI data centers.
Mentioned in this podcast:
US and Russia agree to ‘lay the groundwork’ for ending Ukraine war
The Ukrainian mineral riches in Donald Trump’s sights
Big Tech’s AI ambitions deliver funding boost to nuclear reactor race
Subscription promo: ft.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China pumps the brakes on Tesla’s autonomous cars
Tesla risks being caught up in the China-US trade war, while US officials head to Saudi Arabia to start peace talks over Ukraine. Indonesia reaches “Opec status” as it dominates the global nickel trade. Plus, the US-India deal signals a bonanza for US gas imports.
Mentioned in this podcast:
Tesla braces for delay to China licence as Trump trade tensions mount
The ‘Opec’ of nickel: Indonesia’s control of a critical metal
European countries clash over sending troops to Ukraine
Subscription promo: ft.com/briefingsale
This episode of the FT News Briefing was produced by Josh Gabert-Doyon, Fiona Symon, Lulu Smyth, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Say hello to the Magnificent 47
French President Macron holds an emergency meeting in Paris with Ukraine’s allies, and a stock index featuring Europe’s largest banks is outpacing the United States’ Magnificent Seven tech giants. Plus, the activist hedge fund Elliot Management is on a mission to rejuvenate British Petroleum.
Mentioned in this podcast:
Europe scrambles to respond as US and Russia prepare for Ukraine peace talks
Hedge fund Elliott shakes BP from its strategic slump
Magnificent 7? Try the Magnificent 47 for size
Subscription promo: ft.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Trump ices Europe out of Ukraine peace plan
Ukraine is dominating discussions at this year’s Munich Security Conference after a call between Donald Trump and Russia’s Vladimir Putin, which ended with the US president declaring that peace talks will start “immediately”. The FT’s Moscow bureau chief Max Seddon is on to discuss, alongside Keir Giles, author of the recent book Who Will Defend Europe?
Mentioned in this podcast:
Donald Trump opens the door to Vladimir Putin’s grandest ambitions
EU to ease fiscal rules to boost defense spending
How will Europe defend itself?
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Marc Filippino and Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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Has meme-stock kid Robinhood grown up?
Arm plans to launch its own chip this year, and Shein’s IPO will likely be delayed after US President Donald Trump’s crackdown on tariff-free imports. Plus, Robinhood has evolved from an app that sprayed digital confetti when customers made their first trade to one that aims to serve as a broader financial services platform.
Mentioned in this podcast:
Arm secures Meta as first customer for ambitious new chip project
Shein IPO plans hit by Trump’s low-cost parcels crackdown
Has meme-stock kid Robinhood finally come of age?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Trump excludes Europe from Ukraine peace talks
European officials are worried about being cut out of a US-Russia peace deal on Ukraine, and US inflation ticked up in January. Plus, China’s leading producer of memory chips is rapidly gaining global market share at the expense of South Korean competitors.
Mentioned in this podcast:
Europe blindsided by Trump on Ukraine peace talks with Russia
US inflation unexpectedly increases to 3% in January
Chinese chip champion’s ‘snowballing’ growth threatens Korean dominance
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Elon Musk gatecrashes OpenAI restructuring
Hong Kong tech stocks are flying high, Elon Musk’s nearly $100bn bid for OpenAI comes with a ton of baggage, and the EU says it will retaliate against US tariffs on European steel and aluminium exports. Plus, Sudan’s army is close to its biggest victory in a brutal two-year civil war.
Mentioned in this podcast:
China’s tech stocks enter bull market after DeepSeek
World’s largest EV battery maker files for Hong Kong listing
Elon Musk gatecrashes OpenAI restructuring
Elon Musk-led consortium offers $100bn to take control of OpenAI
EU to retaliate against US steel and aluminium tariffs
Sudan army nears biggest victory of civil war with assault on capital
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Hizbollah’s murky path forward
More than 60 partners have left PwC China after a ban over its audit of failed property developer Evergrande, the FT’s Andy Bounds explains what we can learn from Donald Trump’s 2018 steel tariffs, and Hamas said it is postponing the next release of hostages. Plus, Hizbollah is weaker than it’s ever been, and it needs the support of its constituency to rebuild.
Mentioned in this podcast:
PwC China loses 66 partners in wake of ban over Evergrande audit
What happened when Donald Trump imposed steel tariffs in 2018
Donald Trump to impose 25% tariffs on steel and aluminium imports
Hamas says it is postponing next hostage release
How Hizbollah is using cash and WhatsApp groups to shore up power
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US dealmaking slides in 2025
China has imposed retaliatory tariffs on about $14bn of US goods, and US dealmaking has suffered its worst start to a year in a decade. French President Emmanuel Macron has announced €109bn worth of investments in artificial intelligence in France over the coming years, while software company MicroStrategy is inspiring other companies to buy bitcoin and hold it in their corporate treasuries
Mentioned in this podcast:
China imposes retaliatory tariffs on $14bn worth of US goods
US dealmaking suffers worst start to a year in a decade amid Trump volatility
The MicroStrategy copycats: companies turn to bitcoin to boost share price
Macron unveils plans for €109bn of AI investment in France
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: How far can Doge go?
Elon Musk’s Department of Government Efficiency, or Doge, dominated the headlines this week as agency members gained access to sensitive data at the Treasury department. FT Washington reporters Joe Miller and Alex Rogers help us make sense of Doge and why the courts are getting involved.
Mentioned in this podcast:
Can anyone stop Elon Musk’s hostile takeover of the US government?
Elon Musk barred from accessing US Treasury payments data
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Marc Filippino, Ethan Plotkin, Sonja Hutson and Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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How to trade the trade war
Amazon shares fell after a weaker than expected outlook for the first quarter, and investors are figuring out how to trade in the trade war. Plus, The Bank of England cut interest rates by a quarter-point, and a long simmering conflict between the Democratic Republic of Congo and a Rwanda-backed rebel group is threatening to destabilize the region.
Mentioned in this podcast:
Stock vigilantes might have to work harder to tame Trump
Bank of England halves growth forecast and cuts rates to 4.5%
Rwanda’s stealth occupation of eastern Congo
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
EU pushes ahead with sprawling AI regulation
US allies across Europe and the Middle East have condemned Donald Trump’s plans to “take over” Gaza, the US cracks down on a trade loophole, and Disney’s earnings shot up 27% in its financial first quarter. Plus, the EU is pushing ahead with enforcing its artificial intelligence regulations despite warnings from Trump.
Mentioned in this podcast:
Middle East and Europe condemn Donald Trump’s plans to take over Gaza
Trump’s crackdown on trade loophole to hit Shein and Temu — and help Amazon
Disney boosted by strong showing at holiday box office
EU pushes ahead with enforcing AI Act despite Donald Trump warnings
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US companies endure tariff whiplash
Alphabet’s cloud services missed growth expectations last quarter, American companies are scrambling to protect their supply chains in the face of all the back and forth on tariffs, and China is hitting back at the US for imposing new levies. Plus, India is set for a blockbuster IPO year – even as the economy weakens.
Mentioned in this podcast:
Google parent Alphabet slides after sales miss Wall Street estimates
China targets Google, Nvidia and Intel as Trump tariffs bite
China hits back with limited response to Donald Trump’s tariffs
India set for blockbuster IPO year despite slowing economic growth
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Commercial real estate crawls back
US president Donald Trump’s tariffs on Mexico and Canada are paused for now, commercial property investment is starting to recover from a two-year slump, and Eurozone inflation unexpectedly ticked up in January. Plus, the French AI company Mistral was supposed to be Europe’s answer to US Big Tech dominance, but it’s struggling to gain traction.
Mentioned in this podcast:
US to pause tariffs on Canada for 30 days after Trudeau and Trump agree deal
Investors choose flats and hotels over offices as property deals return
Eurozone inflation rises to 2.5% in January
Has Europe’s great hope for AI missed its moment?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Trump trade war begins
Donald Trump hit Canada, Mexico and China with steep tariffs on Saturday, and oil and gas groups are relying more heavily on carbon offsets to reach climate targets. Plus, EU governments are exploring ways to include the UK and Norway in a “coalition of the willing” dedicated to ramping up the continent’s defence.
Mentioned in this podcast:
‘A trade war on steroids’: Trump ushers in new age of US protectionism
Trump tariffs spark panic and anger in Canada and Mexico
EU opens door to UK and Norway for defence ‘coalition of willing’
Shell dominates carbon credit market as clean energy spending scaled back
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Ethan Plotkin, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Trump redefines America’s global role
American foreign aid supports everything from arms sales to HIV treatment. But this week, with the stroke of a pen, Donald Trump suspended nearly all of that aid for 90 days. The FT’s Africa editor David Pilling and US defence and security correspondent Felicia Schwartz join this week’s Swamp Notes to discuss how Trump is rapidly redefining America’s role on the world stage.
Mentioned in this podcast:
Donald Trump’s foreign aid freeze sparks global funding crisis
US officials push to exempt Ukraine from Rubio’s foreign aid freeze
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson and Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
SoftBank wants a piece of the AI pie
Apple revealed quarterly results that slightly exceeded Wall Street expectations, SoftBank is in talks to invest as much as $25bn into OpenAI, and the European Central Bank cut interest rates as it warned about headwinds to the bloc’s economy. Plus, there are concerns that China’s hukou system creates second-class citizens and holds back consumption in urban areas.
Mentioned in this podcast:
Apple results top estimates even as iPhone sales stall
SoftBank in talks to invest up to $25bn in OpenAI
ECB warns of ‘headwinds’ to Eurozone economy as it cuts rate to 2.75%
How a Mao-era system creates second-class citizens in modern China
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Fed ignores Trump’s calls to cut rates
Big Tech earnings season is in full swing, the US Federal Reserve held interest rates steady despite pressure from President Donald Trump, and Syria’s new government pressed Moscow about reparations. Plus, activist short-selling is on the decline.
Mentioned in this podcast:
Meta’s bumper results tempered by revenue outlook
Federal Reserve keeps US interest rates on hold
Syria asks Russia for reparations
Last men standing: the short sellers who remain after Hindenburg’s exit
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Inside the Trump tariff debate
Advances in artificial intelligence by Chinese start-up DeepSeek caused a frantic sell-off of energy and infrastructure shares, and Donald Trump’s Treasury secretary is pushing for new universal tariffs to start at 2.5 per cent. A study finds that ETFs make the market more efficient, and Boeing reports its second-biggest annual loss.
Mentioned in this podcast:
DeepSeek-driven sell-off puts power demands of AI in doubt, says IEA
Scott Bessent pushes gradual 2.5% universal tariffs plan
ETFs increase efficiency of the market, new study shows
Boeing reports second-biggest annual loss after tough 2024
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China’s DeepSeek AI triggers tech sell-off
US tech stocks tumbled after advances by Chinese start-up DeepSeek ignited worries over whether America could sustain its lead in artificial intelligence. Latin American leaders will hold an emergency summit to respond to President Donald Trump’s mass deportations of migrants, and Starbucks is cracking down on non-customer access to its stores.
Mentioned in this podcast:
Advances by China’s DeepSeek sow doubts about AI spending
Tech stocks slump as China’s DeepSeek stokes fears over AI spending
‘Back to 1897’: Latin America scrambles to respond to Donald Trump’s aggression
Starbucks cracks down on freeloaders to reverse sales decline
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Can US oil afford to ‘drill, baby, drill’?
Pressure is piling on the European Union to cut back its sustainability agenda, Wall Street may thwart President Donald Trump’s call for a new oil boom, and the US president unleashes retaliatory tariffs against Colombia. Plus, Microsoft’s stake in OpenAI is complicating the start-up’s path to become a for-profit company.
Mentioned in this podcast:
Trump agenda piles pressure on EU to cut red tape
Wall Street will stymie Donald Trump’s US oil surge plan, say shale bosses
Trump imposes tariffs and sanctions on Colombia in spat over migrants
OpenAI struggles to price Microsoft stake in deal to become for-profit company
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Donald Trump’s ‘vendetta agenda’
Donald Trump has made a lot of enemies over the years. He spent his first week back in the White House going after them — and is reshaping the federal government in the process. The FT’s Washington bureau chief James Politi and US legal and enforcement correspondent Stefania Palma join this week’s Swamp Notes to explain what the president’s first week signals about his plans for the next four years.
Mentioned in this podcast:
Donald Trump vs the ‘deep state’: president’s vendetta agenda takes shape
Trump’s pick for justice department to face scrutiny on vow to prosecute his opponents
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson and Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Trump steers the world toward a tax war
A federal judge has blocked US President Donald Trump’s attempt to end birthright citizenship, and shares in the leading makers of anti-obesity drugs have dipped. Trump has ordered officials to draw up retaliatory measures against “extraterritorial” taxes, and Emilia Pérez has emerged as frontrunner after the 2025 Academy Award nominations.
Mentioned in this podcast:
Judge halts Donald Trump’s effort to end US citizenship at birth
Donald Trump threatens to double tax rates for foreign nationals and companies
Investors lose their appetite for the obesity trade
Oscar nominations 2025: cartel musical Emilia Pérez on song with 13
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Trump halts $300bn in clean energy loans
European bank dividends are at their highest levels since 2007, US President Donald Trump froze billions of dollars in federal funding to green infrastructure projects, and Trump said yesterday that the US would impose more sanctions on Moscow if its war in Ukraine doesn’t end soon. Plus, military regimes in Africa's Sahel region are cracking down on international mining companies.
Mentioned in this podcast:
European banks to reward investors with bumper €123bn in payouts
Donald Trump halts more than $300bn in US green infrastructure funding
Trump tells Putin to reach Ukraine ‘deal’ soon or US will increase sanctions
AI-developed drug will be in trials by year-end, says Google’s Hassabis
The ‘terrifying’ crackdown on mining companies in Africa’s coup belt
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Markets brace for Trump-era volatility
Netflix added a record 19mn subscribers in the fourth quarter, fuelled by live sports. US stocks rallied while currencies swung the day after Donald Trump’s inauguration, and TikTok-owner ByteDance plans to spend $12bn on AI chips in 2025. Plus, Chinese citizens’ doubts grow over the government’s economic growth claims.
Mentioned in this podcast:
Netflix shares jump as it adds record number of subscribers
Wall Street stocks climb as investors parse Donald Trump’s executive orders
TikTok-owner ByteDance plans to spend $12bn on AI chips in 2025
Chinese citizens’ doubts grow over official economic growth claims
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Apple is accused of profiting from 'blood minerals'
Belgium has launched a criminal probe into the DRC’s allegation. Donald Trump is sworn in as US president. Davos leaders reject climate banking group. And Toyota struggles to jumpstart hydrogen car sales.
Mentioned in this podcast:
Trump and the contest between two visions of democracy
Apple hit by Belgian probe over ‘blood minerals’ in Congo
Toyota rethinks its bet on hydrogen
Dollar tumbles as Trump shies away from trade tariffs
This episode of the FT News Briefing was produced by Josh Gabert-Doyon, Mischa Frankl-Duval, Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Trump returns to the White House
Donald Trump will become US president for the second time on Monday. Investors pile into a fund that spreads its assets equally across the S&P 500, as concerns about a tech bubble grow. A hostage and prisoner exchange between Israel and Hamas is underway. Plus, how El Salvador’s President Nayib Bukele became a model for the global far right.
Mentioned in this podcast:
Donald Trump plans blitz of executive orders for first days in White House
Investors pour billions into S&P equal weight fund as tech fears rise
Hamas hands over three Israeli hostages as ceasefire begins
How El Salvador became a model for the global far right
Trump-backed memecoin value tops $12bn as crypto industry hopes rise
Credit: CSPAN
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Corporate America goes Maga
Not long ago, American corporations were promoting racial justice initiatives and promising to combat climate change. That’s all changed in the months since Donald Trump’s election. The FT’s US financial editor Brooke Masters and tech correspondent Hannah Murphy join this week’s Swamp Notes to explain what’s behind this cultural shift.
Mentioned in this podcast:
Is corporate America going Maga?
The cravenness of Mark Zuckerberg
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson and Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
CREDIT: Joe Rogan Experience
Read a transcript of this episode on FT.com
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Can Hollywood bounce back?
Donald Trump’s Treasury pick Scott Bessent wants to increase sanctions on Russian oil producers, and the FT’s Stephen Gandel unpacks a bumper earnings season from Wall Street’s banks. British companies are buying back their shares at a faster rate than even US groups, and the LA fires are worsening the challenges facing Hollywood.
Mentioned in this podcast:
Donald Trump’s Treasury pick stresses need for tougher sanctions on Russian oil
Donald Trump’s policy pledges unleashing ‘animal spirits’, Wall Street bankers say
UK companies outpace US businesses in share buybacks
Fires prompt soul-searching at Hollywood’s dream factories
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Israel and Hamas agree to ceasefire
Israel and Hamas have agreed a deal to halt the war in Gaza and free the remaining hostages. Wall Street banks notched up profits at the end of last year amid a trading boom, and the FT’s economics editor Sam Fleming explains where things stand with inflation around the world.
Mentioned in this podcast:
Gaza ceasefire announced after 15 months of war
US earnings latest: Wall Street profits surge on trading boom
Wall Street stocks post biggest rally since Donald Trump’s election victory
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Why China wants Musk to save TikTok
Saudi Aramco is to expand its investments in lithium production, officials in Beijing are discussing using Elon Musk as a broker in a potential sale of TikTok’s US operations, and KPMG could soon begin offering legal services in the US. Plus, Syria has been flooded with imports in the aftermath of Bashar al-Assad’s ousting.
Mentioned in this podcast:
Saudi Aramco to expand investments in lithium as it diversifies from oil
China discussing using Elon Musk as broker in TikTok deal
KPMG readies challenge to US law firms
Syria flooded with Pepsi and Pringles as rulers open economy
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A power shift in Lebanon
Goldman Sachs is building a new private credit unit, and Nawaf Salam is named as Lebanon’s new prime minister. China’s trade surplus with the rest of the world reached a record of almost $1tn in 2024, and Amazon races to transplant Alexa’s ‘brain’ with generative AI.
Mentioned in this podcast:
Goldman Sachs to deepen exposure to booming private credit industry
Nawaf Salam is Lebanon’s new prime minister
China’s trade surplus hits annual record of almost $1tn
Amazon races to transplant Alexa’s ‘brain’ with generative AI
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Venezuela’s leader starts another disputed term
The US is on the cusp of a gas boom and the west hits Venezuelan officials with fresh sanctions. A £1.5bn class action lawsuit against Apple goes to trial in the UK, and US private equity firms may soon have access to people’s retirement savings.
Mentioned in this podcast:
Gas construction expected to boom this year in the US
Venezuelan officials hit with fresh sanctions as Nicolás Maduro begins third term
Apple £1.5bn class action case kicks off in UK courts
Mom and pop pension savers could benefit from private markets, at the right price
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Lulu Smyth, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Greenland, USA
Donald Trump has an aggressive negotiating method: he makes big threats in order to extract concessions. But now that he’s floated the idea of invading Danish and Panamanian territories this week, America’s allies are especially nervous. The FT’s Nordic and Baltic bureau chief Richard Milne and US national editor and columnist Ed Luce join Swamp Notes to discuss Trump’s imperial ambitions.
Mentioned in this podcast:
Why Donald Trump wants Greenland
Trump, Greenland and the rebirth of the Monroe Doctrine
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Kasia Broussalian, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Bond vigilantes target government spending
The EU is preparing for president-elect Donald Trump to roll back his predecessor’s executive orders, bond markets have entered a new era of antagonism with governments, and insurers are bracing for losses of as much as $20bn from wildfires in Los Angeles. Plus, Elon Musk has privately discussed with allies how Sir Keir Starmer could be removed as UK prime minister before the next general election.
Mentioned in this podcast:
EU fears Trump rolling back Biden-era measures
Bond market ‘police’ are back as investors patrol spending plans
Insurers brace for losses of up to $20bn from California wildfires
Musk examines how to oust Starmer as UK prime minister before next election
Resold tickets prices set to be capped under UK tout crackdown
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Crunch time for Citi
EU leaders warn Donald Trump not to meddle with the continent’s territories, and Wall Street analysts are betting Citigroup will miss a critical long-term target next week. Indonesia is maintaining its ban on iPhone 16 sales despite Apple's $1bn investment proposal, and China is signing growing numbers of Taiwanese people up for local IDs in a drive to incorporate them into its society.
Mentioned in this podcast:
EU leaders warn Donald Trump not to meddle with Europe’s borders
Indonesia says $1bn offer from Apple not enough to lift iPhone 16 ban
Wall Street doubts Citi chief Jane Fraser can hit crucial target
China’s drive to give Taiwanese visitors local IDs alarms Taipei
Mexico’s president calls for parts of US to be renamed ‘Mexican America’
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Canadian politics post-Trudeau
China’s airlines are rapidly expanding into Europe, and we take a look at what’s next for Canada’s Liberal party following Prime Minister Justin Trudeau’s resignation. Plus, Meta ends third-party fact-checking and Wall Street bankers gear up for an IPO revival.
Mentioned in this podcast:
Chinese airlines rush into Europe as western carriers retreat
Praised abroad, troubled at home: Canada’s political ‘prince’ bows out
Meta ends third-party fact-checking scheme as it prepares for Trump return
US set for IPO comeback as private equity firms seek to offload holdings
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China’s central bank overhaul
Justin Trudeau is resigning as Canadian Prime Minister, and Germany’s solar power industry is in trouble. US bankruptcy filings hit their highest rate in 14 years, and the People’s Bank of China has announced a major policy overhaul as pressures on the economy mount.
Mentioned in this podcast:
US Corporate bankruptcies hit 14 year high
Canadian Prime Minister Justin Trudeau announces resignation
German solar sector in distress as glut of panels heaps pressure on industry
China’s central bank plans policy overhaul as pressure mounts on economy
Credit: BBC News
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
What’s next for US Steel?
Eurozone economists warn the European Central Bank has been too slow to cut interest rates, and US Steel faces a bleak outlook after President Biden’s decision to block its sale. UK businesses plan price increases as the Budget drives up costs, and CrowdStrike has more than recovered the $30bn in market value it shed last year. Plus, China’s movie theatres are in crisis.
Mentioned in this podcast:
ECB has been too slow to cut rates, Eurozone economists warn
Joe Biden blocks Nippon Steel’s $15bn takeover of US Steel
UK businesses plan price increases as Budget drives up costs
CrowdStrike bounces back after triggering largest IT outage in history
China’s box office takings drop by a quarter as viewers turn to streaming
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Where does Musk fit in Maga?
Elon Musk’s first big foray into politics was a success — he used his world-leading fortune and mass media platform to help Donald Trump regain the White House. But now, just weeks before Trump’s inauguration, some Republicans are pushing back against Musk’s influence. The FT’s Washington correspondent Joe Miller and US business and politics correspondent Alex Rogers join this week’s Swamp Notes to discuss how Musk is navigating a future in Washington.
Mentioned in this podcast:
Top Democrats warm to Elon Musk’s US government cost-cutting mission
Elon Musk’s fight with Maga reveals split on immigration within Trump’s circle
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is mixed by Samantha Giovinco and produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
CREDIT: Bannons_WarRoom/X
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Climate change is coming for your Bordeaux
Tesla’s annual vehicle deliveries declined for the first time in more than a decade, and China’s BYD hit a milestone. Crypto chief Do Kwon makes his first US court appearance to face criminal charges. The rerouting of global trade from China to ports elsewhere in Asia is shrinking the size of vessels, and climate change is redrawing Europe’s wine map.
Mentioned in this podcast:
Ex-crypto chief Do Kwon brought to New York to face fraud charges
China’s electric-vehicle leader BYD posts record sales in 2024
Tesla’s annual deliveries drop for first time since 2011
Shipowners switch to smaller vessels as world trade reroutes from China
How climate change is redrawing Europe’s wine map
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Activist investors give Japan a wake-up call
The UK’s financial watchdog has failed to remove illegal crypto adverts, and in Japan, shareholder activists are waking companies up from decades of slumber. Plus, the number of active US venture capital firms has dropped by more than a quarter since 2021, and the FT’s Martin Wolf interviews European Central Bank president Christine Lagarde on the bloc’s economic recovery from Covid-19.
Mentioned in this podcast:
FCA fails to hit firms after half of banned crypto adverts remain online
Activists push Japan Inc to its ‘great tipping point’, says Suntory head
Number of US venture capital firms falls as cash flows to tech’s top investors
Martin Wolf interviews Christine Lagarde: Whither Europe?
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Biden’s departing gift to Ukraine
US stocks dropped for the second straight trading session, the Biden administration said it will unleash almost $6bn in additional aid to Ukraine, and South Korea plans to inspect all B737-800 Boeing aircraft operated by domestic airlines after a passenger jet crashed. Plus, US asset managers are gobbling up business from their European rivals and the nightclub business is in decline.
Mentioned in this podcast:
US stocks slip in broad pullback as investors cash in on 2024 gains
US to send Ukraine $6bn in fresh military and budget assistance
South Korea to inspect all Boeing B737-800 aircraft after crash
The relentless advance of American asset managers in Europe
Who killed the rave? Late-night dancing falls into global decline
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Should banks foot the bill for cyber scams?
Defaults on US credit card loans have hit the highest level since the wake of the 2008 financial crisis, and as payment fraud rises, banks and tech companies disagree on who should cover consumer losses. Syria’s caretaker government has said it could take up to four years for the country to hold elections. Plus, how Hitachi’s plan to monetize industrial data has revived its fortunes.
Mentioned in this podcast:
US credit card defaults jump to highest level since 2010
Who should foot the bill for cyber scams?
Syrian elections may not be held for 4 years, says de facto leader
‘Monetising data’: how Hitachi has soared with bets on AI future
The FT News Briefing is produced by Niamh Rowe, Persis Love, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Listener mailbag, the election and 2025
Are the Democrats doomed? Which world leaders are happiest to see Trump back in the White House? And why are investors flooding into American stocks? The FT’s US managing editor Peter Spiegel and global business columnist Rana Foroohar answer all of your questions after a wild year in US politics.
Mentioned in this podcast:
Trump team aims to bankrupt Iran with new ‘maximum pressure’ plan
How ‘the mother of all bubbles’ will pop
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Why Microsoft needs nuclear energy
A number of cryptocurrency-focused hedge funds are outpacing their rivals, the Bank of England holds interest rates at 4.75 per cent, and Microsoft has partnered with a utility company to restart a controversial reactor at Three Mile Island.
Mentioned in this podcast:
Hedge funds cash in on Trump-fuelled crypto boom
Bank of England holds interest rates at 4.75%
Behind the Money: How the AI boom is reviving Three Mile Island
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
What 2024 taught central bankers
The Federal Reserve cuts interest rates by a quarter-point but signals a slower pace of easing, and we look back at what central banks learned in 2024. The US Supreme Court says it will hear TikTok’s appeal against a divest-or-ban law, and Honda-Nissan talks aim to rescue Japan’s fragmented automotive industry.
Mentioned in this podcast:
Fed cuts rates by a quarter-point but signals slower pace of easing
Five central banking lessons for 2024
US Supreme Court to hear arguments challenging law that could ban TikTok
Honda-Nissan merger talks mark Japan Inc’s new consolidate-to-survive mood
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Marine Saint, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Javier Milei scores Argentina economy win
Argentina emerged from a severe recession in the third quarter, Microsoft buys twice as many of Nvidia’s chips as any of its largest rivals, KPMG narrows the gap with the other Big Four firms, and Huawei sets sights on becoming a big supplier to the electric car industry. Plus, pub chains express frustration over shortages of Guinness in the run-up to Christmas.
Mentioned in this podcast:
Microsoft acquires twice as many Nvidia AI chips as tech rivals
Argentina’s economy exits recession in milestone for Javier Milei
KPMG outpaces Big Four rivals as audit and tax units shine
‘A different animal’: inside Huawei’s nascent EV business
Diageo ‘better get brewing’, says Wetherspoons head amid Guinness shortage
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
AI investors look beyond chips
Japan’s SoftBank unveils $100bn US investment plans, fervour around Nvidia cools as investors look to AI’s next winners, and Europe launches its most ambitious space programme in a decade. Plus, in Syria, Kurdish groups fear they may be worse off under a rebel-led government.
Mentioned in this podcast:
Japan’s SoftBank pledges $100bn investment in US
After Nvidia’s boom, what’s next for AI-related stocks?
Europe signs €10.6bn Iris² satellite deal in bid to rival Elon Musk’s Starlink
Syria’s Kurds fear US betrayal under Donald Trump
Credit: AP
Send us your questions for Swamp Notes! Write to ethan.plotkin@ft.com.
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Marine Saint, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Arm and Qualcomm head to court
Germany’s Olaf Scholz is expected to lose a confidence vote in parliament on Monday, and Arm and Qualcomm’s bitter legal feud over chip design licensing is heading to trial. The London Stock Exchange is on course for its worst year for departures since the financial crisis. Plus, investors’ appetite for juicy returns has triggered a big boom on Wall Street in complex financial products.
Mentioned in this podcast:
Olaf Scholz faces confidence vote — and hopes to lose it
Wall Street’s complex debt bonanza hits fastest pace since 2007
London Stock Exchange suffers biggest exodus since financial crisis
Chip groups Arm and Qualcomm square off in high-stakes US trial
‘No political authority’: South Korea’s interim leader faces daunting task
Send us your questions for Swamp Notes! Write to ethan.plotkin@ft.com.
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Europe in the age of America First
Europe has been able to predictably lean on the US for decades. But Donald Trump used tariffs and other economic threats to test those assumptions in his first term, and he looks set to do so again. The FT’s EU correspondent Andy Bounds and US climate correspondent Aime Williams join to discuss how the EU is preparing (again) for a more confrontational America.
Mentioned in this podcast:
EU strikes blockbuster trade deal with Mercosur
EU commissioner pitches ‘Europe first’ in response to Donald Trump
Sign up for the FT’s Swamp Notes newsletter here
Questions about US politics for next week’s Swamp Notes? Email them to ethan.plotkin@ft.com.
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The dangers of investor groupthink
HSBC is reviewing its retail banking operations outside the UK and Hong Kong, and the European Central Bank cut interest rates by a quarter-point to 3 per cent. The FT’s markets columnist Katie Martin provides a few insights for investing in 2025. Plus, human referees are set to be increasingly phased out as machines become more efficient at making critical decisions in sport.
Mentioned in this podcast:
HSBC reviews retail banking outside UK and Hong Kong
Donald Trump election win sparks trading surge for banks and brokers
ECB lowers rates to 3% and paves way for more cuts
In sport, the race is on to let technology decide who wins
Send us your questions for Swamp Notes! Write to ethan.plotkin@ft.com.
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Microsoft bets on AI healthcare
European Nato members are holding talks about increasing the alliance’s target for defence spending, Microsoft’s artificial intelligence head Mustafa Suleyman is building a team focused on consumer health, and US inflation ticked up to 2.7 per cent last month. Plus, new regulations on human rights are forcing global companies to address concerns about modern slavery and tackle problems in their supply chains.
Mentioned in this podcast:
Nato’s European members discuss 3% target for defence spending
Microsoft’s Suleyman hires ex-DeepMind staff for AI health unit
US inflation rose to 2.7% in November
New rules sharpen investment focus on modern slavery
Fifa set to confirm Saudi Arabia as host of 2034 World Cup
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Can big oil escape the ‘valley of death’?
Qatar’s sovereign wealth fund prepares for a petrodollar windfall, while oil majors scale back their $18bn power generation push. Israeli Prime Minister Benjamin Netanyahu begins testifying in a corruption trial, and public pension schemes and sovereign wealth funds plan to pour more money into private markets over the coming year.
Mentioned in this podcast:
Qatar’s $500bn wealth fund targets bigger deals as LNG windfall looms
BP and Shell rein in electricity ambitions to escape ‘valley of death’
Benjamin Netanyahu arrives in court to testify in corruption trial
Public pension plans and wealth funds to invest more in private markets
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Vanguard doubles down on wealth management
Hiring has fallen more sharply in the UK than in other big economies over the past year, Vanguard will break its advisory business into a separate unit, and Israel has taken more Syrian territory. Plus, we take a look inside Japan’s audacious bid to become a semiconductor superpower.
Mentioned in this podcast:
Hiring falling more sharply in UK than in other major economies
Israel draws furious reaction from Egypt after taking more Syrian territory
Vanguard to accelerate wealth management drive in restructuring
Japan’s audacious bid to become a semiconductor superpower
Christie’s has brought the dinosaur auction show to London
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Syrian rebels topple Assad regime
Syrian President Bashar al-Assad has resigned and fled the country and South Korean prosecutors have opened an investigation into the country’s president, Yoon Suk Yeol, on charges of treason and abuse of power. The EU and four South American countries have struck a blockbuster trade deal, and a US appeals court upheld a law requiring TikTok’s owner ByteDance to sell the platform or face a ban next year.
Mentioned in this podcast:
Assad flees Syria as rebels seize Damascus
Syrian rebels seize Damascus and topple Assad dynasty
South Korean president to be investigated for treason after failed coup
EU strikes blockbuster trade deal with Mercosur
TikTok fails to halt law that could lead to US ban
Credit: AP, Reuters
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The geopolitics of chips: Chips in the USA
The next superpower will be a tech superpower, and to be that superpower you need to have some control over the semiconductor industry which is driving the AI revolution. But almost all advanced semiconductors are made in Taiwan — and it is under constant threat of a Chinese invasion. President Joe Biden’s Chips Act promises lavish subsidies to companies working to bring semiconductor manufacturing back to US soil. Will those subsidies survive once Donald Trump, the president-elect, is in the White House? In a new season of Tech Tonic the FT’s James Kynge, is in Phoenix, Arizona, the former heartland of American chip manufacturing. He speaks to those trying to revive the US chipmaking industry.
Presented by James Kynge. Edwin Lane is the senior producer. The producer is Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley. Special thanks to Tim Bradshaw.
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Swamp Notes: America’s first ‘Bitcoin president’
Donald Trump once called cryptocurrencies a “scam”. He’s long since changed his tune, and now, crypto enthusiasts are hoping he’ll catapult the industry into the financial mainstream. The FT’s digital markets correspondent Nikou Asgari and US legal and enforcement correspondent Stefania Palma join this week’s Swamp Notes to discuss what the industry could look like under a second Trump administration.
Mentioned in this podcast:
Crypto advocate Paul Atkins picked as SEC chair by Donald Trump
Bitcoin hits $100,000 as Trump era hopes grow
Trump picks Musk ally David Sacks as crypto and AI tsar
The grim ghost of crypto future
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
CREDIT: Washington Post, Bitcoin Magazine
Read a transcript of this episode on FT.com
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The never-ending Trump effect on US stocks
Large companies rushed to assess whether top employees have sufficient protection after the murder of a US insurance executive, investors have pumped almost $140bn into US equity funds since last month’s election, and oil producer group Opec+ significantly scaled back its plans for production in 2025. In Mexico, new president Claudia Sheinbaum is doubling down on a radical agenda in the face of tough US tariffs. Plus, Notre-Dame reopens this weekend.
Mentioned in this podcast:
Shooting of United Health executive a ‘wake up call’ on corporate security
Michel Barnier resigns as French prime minister
Investors pour $140bn into US stock funds after Trump election victory
Opec+ extends oil production cuts in bid to support prices
Mexico’s new president digs in with radical ideas as Trump threat looms
How Notre-Dame rose from the ashes
Credit: Organ Media Foundation
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
UK uncovers criminal crypto network
Donald Trump has nominated cryptocurrency advocate Paul Atkins to chair the US Securities and Exchange Commission, and a dramatic attempt to impose martial law in South Korea by its president has backfired. The French parliament voted to oust Prime Minister Michel Barnier and a UK-led operation has uncovered a multibillion-dollar money laundering scheme. Plus, Google DeepMind has unveiled an artificial intelligence weather prediction model that outperforms traditional methods.
Mentioned in this podcast:
Donald Trump picks crypto enthusiast Paul Atkins for SEC chair
‘Revenge cycle’: South Korean crisis highlights deep political divide
UK uncovers vast crypto laundering scheme for gangsters and Russian spies
French parliament votes to oust Michel Barnier’s government
Google DeepMind hits new milestone in AI weather forecasting
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
French prime minister faces no-confidence vote
The French government will face a no-confidence vote on Wednesday, South Korea’s president said he will lift his martial law order, and cryptocurrency ‘memecoins’ are having a moment. Plus, deaths in Africa’s Sahel region have risen since military juntas took over pledging to bring security in face of jihadi violence.
Mentioned in this podcast:
Michel Barnier ‘method’ at risk in raucous French parliament
South Korea’s Yoon says he will lift martial law order
Military juntas in Africa’s ‘coup belt’ fail to contain extremist violence
Squirrels, dogs and pygmy hippos: crypto’s multibillion-dollar ‘memecoin’ boom
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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OpenAI explores advertising
Chief executives at Intel and Stellantis stepped down, OpenAI is considering including advertising in its artificial intelligence products and the US unveiled new export controls in an effort to curtail China’s semiconductor industry. Plus, how Shanghai’s ambition to be the ‘future of finance’ fell apart.
Mentioned in this podcast:
Intel chief Pat Gelsinger quits with US chipmaker in crisis
Why Stellantis’ chief executive Carlos Tavares was axed
OpenAI explores advertising as it steps up revenue drive
US hits China’s chip industry with new export controls
How Shanghai’s ambition to be the ‘future of finance’ fell apart
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Where does the ceasefire leave Hizbollah?
US government lawyers are clamouring for jobs at corporate law firms ahead of Donald Trump taking office, and Hizbollah declares victory against Israel despite undergoing the most devastating battering in its history. Russian and Syrian warplanes intensify attacks on rebels, and Airbus struggles to capitalise on rival Boeing’s difficulties. Plus, in Ireland, the incumbent Fianna Fáil and Fine Gael appear on track to form a fresh coalition.
Mentioned in this podcast:
Government lawyers flock to corporate jobs as Trump threatens mass layoffs
Lebanon’s displaced return to find ‘scorched earth’ after Israeli offensive
Russian and Syrian warplanes seek to blunt rebel advance from Aleppo
Airbus struggles to capitalise on rival Boeing’s difficulties
Early election tallies suggest Fianna Fáil and Fine Gael set for fresh Irish coalition
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Economics Show: Would Trump’s tariffs really be that bad?
Trump is returning to office with many of the same policies that characterised his last term. And for economists, none looms larger than the prospect of significant new tariffs. But are tariffs really as destructive as feared? After all, the Biden administration maintained most of them and the economy has remained strong. Today on the show, we put the question to Kimberly Clausing, a professor at UCLA, and formerly lead economist in the Biden administration's Office for Tax Policy.
Soumaya Keynes writes a column each week for the Financial Times. You can find it here
Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.
Read a transcript of this episode on FT.com
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France’s bond market sell-off
French bond markets take a tumble, Russia threatens a hypersonic missile attack on Kyiv, and Ireland goes to the polls. Plus, Hong Kong’s crypto play.
Mentioned in this podcast:
Crime boss takes on Sinn Féin leader and Brussels veteran in Dublin election
Hong Kong plans crypto tax break for hedge funds and billionaire families
Vladimir Putin threatens to turn Kyiv targets ‘to dust’
French bond yields surpass Greece’s for first time as budget worries swirl
The FT News Briefing is produced by Mischa Frankl-Duval, Josh Gabert-Doyon, Lulu Smyth, Niamh Rowe, Fiona Symon, Sonja Hutson, Ethan Plotkin, Kasia Broussalian and Marc Filippino. Additional help from, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Canal+’s blockbuster London listing
Vivendi prepares to spin off Canal+ for a London listing. Christine Lagarde says trade wars threaten global GDP. Sir Alex Younger, former head of UK’s MI6, discusses Tulsi Gabbard, Donald Trump’s proposed director of national intelligence. Plus, Adani Group’s infrastructure projects in Kenya hit a roadblock.
Mentioned in this podcast:
London’s snaring of France’s Canal+ to revive moribund listing market
‘Adios Adani!’ Bribery charges threaten group’s Africa ambitions
The FT News Briefing is produced by Mischa Frankl-Duval, Josh Gabert-Doyon, Lulu Smyth, Ethan Plotkin, Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Ceasefire deal reached in Israel-Lebanon war
Israeli and Lebanese leaders agree to a ceasefire, and Mexico hits back at US president-elect Donald Trump’s tariff plans. Plus, President Joe Biden is rushing to cement his legacy during his final weeks in office, and Russia’s rouble has plummeted to its lowest rate against the dollar since the first weeks of its full-scale invasion of Ukraine.
Mentioned in this podcast:
Ceasefire deal reached in Israel-Lebanon war
Mexico hits back as Trump’s tariff threat shakes markets
Biden aims to Trump-proof his legacy with policy blitz in final days
Rouble slides as new Russian sanctions stifle foreign trade
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Kennedy injects uncertainty into big pharma
The US Department of Justice is seeking to drop two federal criminal cases against Donald Trump, and Robert F Kennedy Jr’s nomination for top health role is concerning the pharmaceutical industry. Plus, Italy’s UniCredit has launched a €10bn takeover bid for domestic rival Banco BPM, Brussels is planning to force Chinese companies to transfer intellectual property in return for EU subsidies and TikTok is creating an unlikely frontrunner in Romania’s presidential race.
Mentioned in this podcast:
US special counsel Jack Smith moves to drop criminal cases against Donald Trump
Biotechs test IPO market despite concerns over Robert Kennedy’s health role
UniCredit makes €10bn offer for Italian rival Banco BPM
EU to demand technology transfers from Chinese companies
How a pro-Putin TikTok star topped Romania’s presidential poll
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Wall Street’s ‘sigh of relief’ over Trump’s Treasury pick
Huawei is poised to launch its first flagship phone that can run its own apps, and Donald Trump’s nominee to run the Treasury is seen across Wall Street and Washington as a pragmatic pick. COP29 has produced a new global finance deal against considerable odds, and the FT’s Michael Stott warns that the US is being eclipsed by China in Latin America.
Mentioned in this podcast:
Huawei to launch flagship smartphone with breakthrough software
‘Sigh of relief’: Wall Street welcomes Donald Trump’s pick of Scott Bessent for Treasury secretary
Climate multilateralism clings on, just
Joe Biden loses to Xi Jinping in battle for Latin America
Credit: BBC, AP
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Economics Show: What does a Trump presidency mean for immigration?
Michael Clemens of George Mason University is an expert on the economics of migration, and a scholar of its history. With the newly elected President Trump promising to deport millions of immigrants, we thought it was the perfect time to talk about what illegal immigrants mean to the present economy and, more pressingly, what an economy without them might look like.
If you want to learn more about The Economics Show with Soumaya Keynes, click here. New episodes available on Apple, Spotify, Pocket Casts or wherever you listen.
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Swamp Notes: Anthony Scaramucci unpacks Trump’s cabinet
Donald Trump mostly nominated mainstream conservatives to his first cabinet after the 2016 election. Some high-level appointees back then barely knew Trump, but this time around, he’s selected close allies and loyalists. The FT’s deputy Washington bureau chief Lauren Fedor, and Trump’s short-tenured former communications director Anthony Scaramucci join this week’s Swamp Notes to discuss what Trump’s picks say about how his new White House will operate.
Mentioned in this podcast:
Lutnick and Bessent’s battle for Treasury secretary turns bitter as Trump expands field
Donald Trump’s alarming picks for government
The life and tastes of Anthony Scaramucci
Sign up for the FT’s Swamp Notes newsletter here
Check out the latest episode of Anthony Scaramucci’s podcast, “The Rest is Politics - US”
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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US hits Gautam Adani with bribery charges
Matt Gaetz has withdrawn his name from consideration for US attorney-general, and billionaire Gautam Adani faces charges over an alleged scheme to bribe Indian officials. The International Criminal Court has issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu, and FT economics columnist Chris Giles unpacks just how much tariffs will increase prices in the US.
Mentioned in this podcast:
Matt Gaetz withdraws as Trump’s nominee for attorney-general
Indian billionaire Gautam Adani charged in US over alleged $250mn bribery scheme
ICC issues arrest warrant for Israeli PM Benjamin Netanyahu
Tariffs and taxes are not very inflationary
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
UK inflation creeps back
Nvidia’s third-quarter revenue almost doubled from a year ago, and UK inflation accelerated in October as energy prices rose. Disgraced Archegos founder Bill Hwang is sentenced to 18 years in prison for fraud, and China has prepared powerful countermeasures to retaliate against US companies if president-elect Donald Trump reignites a trade war.
Mentioned in this podcast:
Nvidia revenue nearly doubles as AI chip demand remains strong
UK inflation accelerates sharply to 2.3% in October
More growth, inflation and uncertainty: the BoE’s Budget verdict
Archegos’s Bill Hwang sentenced to 18 years in prison
China arms itself for potential trade war with Donald Trump
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Ukraine strikes Russia with US missiles
Bridgewater is joining forces with State Street’s asset management arm to offer an ETF, Ukraine has struck a military target inside Russia using US-made long-range missiles for the first time, and Walmart’s third-quarter revenue beat forecasts. Plus, Asia’s arms makers and naval shipbuilders are leading a global surge in defence stocks.
Mentioned in this podcast:
Bridgewater opens strategy to retail investors through State Street ETF
Ukraine strikes Russia with US-made long-range missiles for first time
Walmart raises guidance as it beats third-quarter forecasts
Asian arms makers lead defence stock rally in bet on global rearmament
Thames Water dumps 104bn litres of sewage ahead of new tunnel opening
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US business raises alarm over Trump’s deportation plan
Israel says it struck a “specific component” of Iran’s nuclear programme last month, and US business leaders are warning Donald Trump’s deportation plan could create mass labour shortages. Vanguard’s retail shareholders can now vote for profit over ESG issues, and Chinese tech companies are building AI teams in Silicon Valley, despite Washington’s sanctions.
Mentioned in this podcast:
Netanyahu says Israel hit ‘specific component’ in Iran’s nuclear programme last month
Business owners warn Donald Trump’s deportation plan could shut them down
Vanguard says shareholders can vote for profits over ESG issues
Chinese tech groups build AI teams in Silicon Valley
Huel profits surge as meal replacement maker broadens fan base
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The US dollar surges
President Joe Biden has authorised Ukraine to launch limited strikes into Russia using US-made long-range missiles, and the world’s largest economies are gathering in Brazil for a G20 summit overshadowed by Donald Trump. The US dollar is rallying, as markets expect that the next administration will reignite inflation. Meanwhile, the president-elect’s tariff proposals have sent European markets tumbling. Plus, offshore oil is back.
Mentioned in this podcast:
Biden allows Ukraine to strike Russia with US-made long-range missiles
Bitcoin, dollar and Tesla jump as investors pile into ‘Trump trades’
European stocks lag US by record margin as ‘Trump trade’ bites
Donald Trump victory threatens to throw G20 initiatives into disarray
Offshore oil is back. At what cost?
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Behind the Money: Wall Street, tech and energy during Trump’s second term
Who will corporate America's winners and losers be under four more years of Donald Trump? This week, the FT’s Brooke Masters, Stephen Morris and Jamie Smyth explain what changes a second Trump administration will bring to three crucial sectors: Wall Street, tech and energy.
This is an episode of the Financial Times podcast Behind the Money. If you like what you hear, click here to listen to more episodes.
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For further reading:
Can the renewables boom withstand Trump?
A Wall Street giddy over Trump should remember history
Who’s who in the Musk ‘A-team’ vying to shape Trump 2.0
Trump 2.0: winners, losers and Elon
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On X, follow Brooke Masters (@brookeamasters), Stephen Morris (@sjhmorris), Jamie Smyth (@JamieSmythF) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
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Swamp Notes: How can Democrats rebuild?
The Democratic party is hardly monolithic. But if there’s one thing that’s kept it together over the past decade, it’s been a shared opposition to Donald Trump. Now that Trump is returning to the White House, how will the party try to win voters back? The FT’s deputy Washington bureau chief Lauren Fedor and US national editor and columnist Ed Luce join this week’s Swamp Notes podcast to discuss how the Democrats are thinking about the future.
Mentioned in this podcast:
‘They don’t understand my life’: what the Democrats misread about America
How the Democrats can win in 2028
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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Crypto’s Trump card
The Federal Trade Commission is preparing to launch an investigation into anti-competitive practices at Microsoft’s cloud computing business, and the FT’s Katie Martin explains why the post-election excitement around crypto comes down to vibes and vision. Plus, Disney’s earnings jumped 39 per cent, and Berkshire Hathaway has investors asking questions after filling its coffers by unwinding its most profitable trade.
Mentioned in this podcast:
FTC to investigate Microsoft over cloud dominance
Bitcoin’s big bang moment is impossible to ignore
‘Deadpool & Wolverine’ drives earnings revival at Disney
Warren Buffett’s Apple share sales and cash pile spark intrigue over motives
The Onion to acquire Infowars out of bankruptcy
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Trump’s cabinet takes shape
Republican John Thune will be the next leader of the Senate, and the president-elect gets to work filling out his cabinet. Plus, US inflation rose to 2.6 per cent in October, as the Federal Reserve debates whether to cut interest rates next month. Plus, activist investor Effissimo Capital Management has taken a stake in struggling carmaker Nissan.
Mentioned in this podcast:
John Thune elected to Senate leadership in rebuke to Trump allies
Donald Trump picks Matt Gaetz as attorney-general
Donald Trump taps Fox News host Pete Hegseth for defence secretary
Nissan shares jump after activist investor takes stake
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Ukraine’s plan to win over Trump
Donald Trump’s ‘hush money’ case has been paused, Ukraine has been building on its ‘victory plan’ for his incoming administration and SoftBank reported that it is profitable again. Plus, Wall Street has loaned billions of dollars to a niche group of tech companies based on their possession of Nvidia’s artificial intelligence chips.
Mentioned in this podcast:
New York judge delays decision on Donald Trump’s ‘hush money’ sentencing
Ukraine seeks to win over Trump with natural resources and troop proposals
SoftBank returns to profit as Indian IPOs boost Vision Fund gains
Wall Street frenzy creates $11bn debt market for AI groups buying Nvidia chips
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Elon Musk goes to Washington
Calendar year inflows in to exchange traded funds surpassed their previous full-year record at the end of October, and we look at how Donald Trump’s win ushers in a new era for Elon Musk. Plus, rival groups of bondholders are vying to extend loans to the troubled UK utility Thames Water.
Mentioned in this podcast:
Elon Musk’s gamble on Donald Trump pays off
How Thames Water became a battleground for hedge funds
ETF flows smash full year record
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China’s $1.4tn fiscal package fails to excite
Donald Trump’s election victory has sent shockwaves across the renewable energy industry, and China has announced fiscal stimulus to bail out local governments. Bitcoin hit $80,000 for the first time as cryptocurrency investors anticipate looser regulations under Trump, and Argentina’s legal battles could complicate President Javier Milei’s attempts to fix the country’s struggling economy.
Mentioned in this podcast:
Trump election victory deals blow to US clean energy industry
China unveils $1.4tn package to shore up economy
Bitcoin hits high as Trump records clean sweep of seven swing states
Litigation ‘tsunami’ breaks over Argentina’s President Javier Milei
Credit: MARA
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Trumponomics 2.0
The Republicans swept to power in Tuesday’s election, winning the White House, the Senate, and probably the House of Representatives. Voter dissatisfaction with the economy played a big part in their success. The FT’s Washington bureau chief James Politi and global business columnist Rana Foroohar join this election week episode of Swamp Notes to explain why Democrats failed to deliver a convincing economic message, and what Donald Trump’s disruptive agenda could mean for the US economy.
Mentioned in this podcast:
Wall Street rejoices as the bell tolls for Biden-era regulation
Economists warn Trump’s policies will trigger inflation
Bitcoin hits record above $75,000 as crypto industry celebrates Trump win
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The highs and lows of the ‘Trump trade’
US stocks rallied after Donald Trump’s election victory, but the euphoria could be short-lived if his policies drive up inflation. Plus, German opposition leader Friedrich Merz has called for snap elections as early as January following the collapse of Olaf Scholz’s government, and Trump’s victory is set to cast a pall over the UN COP29 summit next week.
Mentioned in this podcast:
Risk assets rally but bond market views Donald Trump’s victory with caution
Federal Reserve cuts interest rates for second consecutive meeting
German opposition leader Friedrich Merz calls for snap elections
Trump victory seen as blow to climate action ahead of COP summit
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Trump’s second chapter begins
Wall Street stocks hit a record high but investors dumped bonds after Donald Trump’s historic US election victory, and the FT’s Lauren Fedor explains what to expect from his agenda. In Europe, leaders have vowed to preserve a united front and work with Trump, and export-reliant economies across the world brace for his promised tariff increases.
Mentioned in this podcast:
US stocks hit record high after Donald Trump clinches victory
Donald Trump elected US president in historic comeback
Donald Trump unleashed: what a second term will bring
European leaders vow to work with Donald Trump despite fears
Global economy prepares for the Trump ‘macro shock’
Trump’s tariff obsession is worse than before
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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How election day unfolded in the US
A divided US electorate made their choice at the polls yesterday, after candidates Kamala Harris and Donald Trump spent a combined $3.5bn in their race for the White House. Plus, Germany’s government is in talks on next year’s budget amid fears the coalition could collapse.
Mentioned in this podcast:
US election 2024 live results: US voters make their choice in historically tight election
Donald Trump and Kamala Harris spend $3.5bn in most expensive presidential election
German vice-chancellor extends olive branch to avert coalition collapse
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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What to expect on US election night
The dollar weakened on Monday as global markets reined in their bets on a victory for Donald Trump in the US presidential election, and the Financial Times’ James Politi explains what to look out for as results trickle in. Plus, Spain’s prime minister is facing political backlash over the country’s historic flooding and the Nigeria-based fintech Moniepoint has gained “unicorn” status.
Mentioned in this podcast:
Dollar weakens as investors rein in bets on Trump victory
Spain’s political leaders turn on each other over flood catastrophe
US election 2024: a comprehensive guide to the presidential race
Nigeria-based fintech Moniepoint gains ‘unicorn’ status
Credit: AFP
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The $250bn in corporate taxes riding on US election
Chinese authorities are demanding wealthy individuals and companies double-check their taxes for unpaid liabilities, and the largest US companies are facing two starkly different financial futures after the election. The UK Conservative party elects right-wing Kemi Badenoch as leader, and share prices of clean hydrogen companies have collapsed due to delayed projects and dwindling demand.
Mentioned in this podcast:
China piles pressure on rich people and companies to cough up taxes
What’s at stake in US election? $250bn in taxes for corporate America
Kemi Badenoch wins Conservative party leadership race
US and European hydrogen stock prices collapse as prospects deflate
The FT Alphaville pub quiz returns to New York City this November
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Why the polls aren’t budging
In a campaign full of twists and turns, one thing has stayed surprisingly steady: the polls. On this final pre-election episode of Swamp Notes, the FT’s senior data journalist Oliver Roeder and deputy Washington bureau chief Lauren Fedor explain why the polls have barely budged this cycle, and how Donald Trump and Kamala Harris are motivating their voters in the race’s final days.
Mentioned in this podcast:
One week to go: what is the state of the US presidential race?
What the polls can’t tell us about America’s election
Trump rally’s Puerto Rico slur lands with a thud in Pennsylvania
‘Behind the Money’: US election betting is on a roll
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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UK Budget spooks bond markets
Apple reported solid revenue growth in the past quarter, and investors are worried about the additional borrowing set out in UK chancellor Rachel Reeves’ Budget. The US warned that North Korean troops are expected to enter combat alongside Russia’s army in the coming days, and Spain is set to become the world’s fastest-growing major advanced economy this year.
Mentioned in this podcast:
Apple’s revenue beats Wall Street expectations on higher iPhone sales
UK borrowing costs hit highest level this year after Budget
Ukraine and US warn Kyiv’s troops could face North Korean forces ‘in days’
Spanish growth soars as Eurozone stumbles
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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UK Labour’s Budget borrows big, taxes more
Microsoft’s quarterly revenue rose 16% on strong cloud computing demand, the UK’s Labour party reveals bold tax increases and borrowing, and the US economy grew at an annualised rate of 2.8% in the third quarter. Plus, critics cry foul over a proof of citizenship law in Arizona.
Mentioned in this podcast:
Microsoft’s revenue beats estimates on strong cloud demand from AI boom
Rachel Reeves announces £40bn tax increase in UK Budget
Arizona’s proof of citizenship complicates voting in US swing state
US GDP rose at a 2.8% rate in third quarter on strong consumer spending
Play the FT’s Budget game: https://ig.ft.com/chancellor-game/
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Katya Kumkova, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Arm enters the AI race
Alphabet’s profit jumped 34 per cent in the third quarter, and Israel’s parliament approved legislation on Monday that will ban a UN agency for Palestinian refugees from operating within Israeli territory. The US and Taiwan are preparing to negotiate a new tax agreement, and mobile chip designer Arm may try to rival Nvidia.
Mentioned in this podcast:
Google’s profits beat expectations on strong cloud computing growth
Israeli parliament passes law banning UN Palestinian refugee agency
US and Taiwan set for talks to end double taxation for companies
Giant African rats join crackdown against illegal wildlife trade
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Boeing races to avoid credit downgrade
PwC’s business in Asia contracted sharply in the past year, Boeing announced a $19bn share sale to help avoid a credit rating downgrade, and Volkswagen plans a massive restructuring that includes shutting at least three German plants. Plus, fears of violence have left some US election boards struggling to hire poll workers.
Mentioned in this podcast:
PwC loses market share in Asia
Boeing launches $19bn share sale to bolster finances and avoid downgrade
Volkswagen plans to close at least 3 German plants and cut thousands of jobs
US polling places struggle to find workers after surge in threats
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Georgia’s disputed election
Iran has signalled that it will pursue a measured response to Israel’s latest strikes, and Georgia’s opposition has called for protests after the ruling Georgian Dream party claims victory. Plus, the possibility of Donald Trump’s trade war has hit the shares of export-sensitive European companies, and large investment funds are being forced to offload their shares in tech companies, or risk breaking US tax rules.
Mentioned in this podcast:
Iran’s supreme leader signals measured response to Israel’s attack
Vladimir Putin’s battle to keep Georgia in Russia’s orbit
Georgia’s opposition calls for protests as election outcome is disputed
European stocks hit by ‘Trump effect’ as odds tilt towards Republican win
Tech boom forces US funds to dump shares to avoid breach of tax rules
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes LIVE: A look back at the economy and the election
With the election just over a week away, Swamp Notes visited the University of Michigan to recap the final FT-Michigan Ross poll. Swamp Notes host Sonja Hutson is joined by the FT’s US managing editor Peter Spiegel, and Erik Gordon and Francine Lafontaine of the University of Michigan’s Ross School of Business to examine the poll results and explain why the economy remains top-of-mind for voters.
Mentioned in this podcast:
Donald Trump takes lead over Kamala Harris on US economy in final FT poll
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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Will Russia lead on an alternative to the dollar?
Tesla shares leapt 22% after Elon Musk predicted an electric vehicle sales rebound, and Russia’s pitch for a US dollar alternative failed to excite Brics leaders. Plus, a major change to the open source technology model could be coming.
Mentioned in this podcast:
Tesla shares leap 22% after Elon Musk predicts sales rebound
Vladimir Putin’s alternative to ‘weaponised’ dollar fails to excite Brics partners
The bill is coming for tech’s open source free lunch
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
AI that can control your computer
Boeing’s machinists voted on Wednesday to reject the company’s latest offer and the US has finalised long-awaited ‘open banking’ rules, hoping it will inject more competition into the market. Plus, Deutsche Bank reported a record third-quarter profit and artificial intelligence start-up Anthropic has built a virtual agent that can perform tasks on a computer.
Mentioned in this podcast:
Striking Boeing machinists reject offer as stand-off nears 6 weeks
US rolls out ‘open banking’ rules to make sharing financial data easier
Open banking challenges America’s cozy lenders’ club
Deutsche Bank warns of rising bad loan provisions
Anthropic says latest AI model can control users’ computers
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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HSBC’s east-west split
Deloitte has cut about 250 UK employees and HSBC’s chief executive has announced an overhaul of the bank. The IMF has warned global protectionism will endanger the world’s growth outlook, as a possible Donald Trump victory in the US election raises the prospect of tariff increases. Plus, South Korea has called on Russia to stop the deployment of North Korean troops to fight in Ukraine.
Mentioned in this podcast:
Deloitte axes 250 UK employees in performance-related cull
HSBC chief Georges Elhedery unveils sweeping overhaul of lender
Tariff surge would damage global growth, IMF warns
South Korea asks Russia to stop apparent North Korean troop deployment
Go to ft.com/briefingsale for 50% off a digital standard subscription
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Three big economic ideas that explain the US election
Share buybacks on mainland China’s biggest exchanges have soared to a record high this year, and Israel has attacked an Hizbollah-affiliated financial institution in Lebanon. Plus, Disney has appointed former Morgan Stanley boss James Gorman as its new chair, and a trip to America’s third-biggest shopping mall offers answers to what’s really going on in the US election.
Mentioned in this podcast:
Israel strikes Hizbollah-linked lender in Lebanon
Disney sets new timetable to replace Bob Iger as chief
Four economic truths that explain the US’s bizarre election
Chinese share buybacks hit record high as Beijing steps up support
Chanel dips oar into sport with Oxford-Cambridge boat race tie-up
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Uber’s drive for ‘super app’ status
Trading in the world’s second-largest IPO of 2024 begins on Tuesday, but retail investors have given a lukewarm reception to Hyundai Motor India’s listing. A coalition of oil-producing African countries is seeking $5bn to fund projects on the continent, and Boeing’s largest labour union will vote on Wednesday whether to end a costly strike. Uber has explored a possible bid for Expedia, in what would be the company’s largest acquisition. Plus, Elon Musk pledges to pay $1mn per day to random registered voters who sign his petition.
Mentioned in this podcast:
Boeing workers to vote on ending strike in critical week for plane maker
Uber explored takeover bid for Expedia
African countries seek $5bn for new fossil fuel project lender
Indian investors give short shrift to Asia’s biggest IPO of 2024
Elon Musk criticised for offering $1mn prizes to voters who sign petition
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Election denialism is still in style
The 2020 US election was one of the most contested in American history, and it culminated in an unprecedented attack on the US Capitol building by supporters of Donald Trump. FT data journalist Eva Xiao and US legal correspondent Joe Miller join this week’s Swamp Notes podcast to explain how Trump and his allies are preparing to challenge the 2024 vote, and what election officials around the country are doing to prepare.
Mentioned in this podcast:
How Trump allies are sowing election doubts
‘There are bad actors’: Trump’s nemesis fights to protect Georgia’s vote
America’s dead-heat Trump-Harris election
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Chipmakers send tech shares yo-yoing
Israel says it has killed Yahya Sinwar, Hamas’s leader and the architect behind the October 7 2023 attacks. Mixed quarterly earnings from chipmakers send tech stocks yo-yoing, and the European Central Bank has cut interest rates by a quarter-point, amid signs that growth and inflation are weakening. Plus, South Africa’s Government of National Unity works to resolve tensions as it passes its 100-day milestone.
Mentioned in this podcast:
Hamas leader Yahya Sinwar killed in Gaza, Israel says
ASML shares drop sharply after warning on semiconductor recovery
Nvidia shares hit record as US ‘soft landing’ hopes drive tech rebound
TSMC profits jump 54% on back of AI chip boom
Optimism builds on South Africa’s ‘second miracle’ coalition
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Israel accused of implementing ‘starvation plan’ in Gaza
Rights groups say Israel appears to be implementing a controversial plan to force Hamas into submission by laying siege to the north of Gaza. BHP’s chief executive met government officials in South Africa last week, fuelling speculation that the miner will resurrect its failed bid for rival Anglo American. Plus, the downfall of once-hyped genetic testing company 23andMe, and Prada launches in to spacesuit design.
Mentioned in this podcast:
More than 100 killed in Nigeria fuel tanker explosion
Israel ‘starting to implement’ north Gaza starvation plan, say rights groups
BHP chief sparks fresh Anglo bid speculation after South Africa trip
Founder Anne Wojcicki races to rescue 23andMe
Prada launches into spacesuit design
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Private credit’s growing ‘IOU’ habit
Shares in ASML led a tech rout on Nasdaq on Tuesday after the chipmaker warned of a slower recovery in the semiconductor market, and Goldman Sachs’ quarterly profits jumped 45 per cent to $3bn, boosted by its equity trading business. Asian battery makers are racing to develop new generations of superfast charging for electric vehicles, and a growing list of cash-strapped companies are deferring loan repayments to private credit funds.
Mentioned in this podcast:
ASML shares drop sharply after warning on semiconductor recovery
Corporate debts mount as credit funds let borrowers defer payments
Battery makers aim to ease EV anxieties with 5-minute charge
Goldman Sachs profits jump 45% to $3bn after trading boost
Citigroup and BofA join other big US banks in beating gloomy forecasts
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Pressure builds on Beijing to boost economy
OpenAI is considering a largely untested company model to protect chief executive Sam Altman from outside interference, and virtually all global insurers now include at least one low-carbon transition goal within their investment plans. Millions of dollars in bets are being placed on the US presidential election following the lifting of a domestic betting ban last week. Plus, China’s deflationary pressures picked up in September with weaker than expected consumer and factory prices, and the 2024 Nobel Prize for economics has been awarded to a trio of academics for their work on global inequality.
Mentioned in this podcast:
OpenAI pursues public benefit structure to fend off hostile takeovers
China deflation pressure mounts as investors seek more stimulus for economy
US election bets surge after court lifts ban
Trio of economists wins Nobel Prize for work on wealth of nations
Rethinking the AI boom, with Daron Acemoğlu
Insurers embrace climate change investments as catastrophe costs mount
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US banks ride ‘soft landing’ high
Russia has expanded the capacity of its shadow fleet of oil tankers despite western sanctions, and US bank stocks hit their highest level since before the collapse of Silicon Valley Bank on Friday, following better than expected quarterly earnings. Plus, the Eurozone’s weak economic growth and sluggish consumer prices have raised concerns about low inflation, and Argentina’s president Javier Milei is not ready to lift the country’s currency controls.
Mentioned in this podcast:
Russia’s shadow fleet grows despite western crackdown
US bank stocks pass pre-SVB high on hopes for economic ‘soft landing’
Spectre of low inflation returns to haunt Eurozone policymakers
Argentina’s Javier Milei says his ‘regime of freedom’ not ready to drop currency controls
Musk’s SpaceX catches returning booster rocket in technical milestone
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Will Republicans take back the Senate?
Both chambers of the US Congress are like the country they represent: narrowly divided. But while Democrats currently hold a one-seat Senate majority, Republicans are increasingly confident that they’ll take back control of the chamber after the election next month. The FT’s Washington bureau chief, James Politi, and the Cook Political Report’s Senate and Governors editor, Jessica Taylor, join this week’s Swamp Notes to explain why this year’s Congressional map looks so good for Republicans.
Mentioned in this podcast:
Joe Manchin will not seek US Senate re-election in blow to Democrats
Donald Trump-backed US Senate candidate clinches Republican nomination in Ohio
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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Japanese PM’s uphill battle to win back voters
The French government has proposed a budget for next year with some €60bn worth of spending cuts and tax increases, and Hurricane Milton ploughed across Florida on Wednesday. US inflation fell to 2.4 per cent in September. Plus, we look ahead to Japan’s early elections later this month.
Mentioned in this podcast:
French PM unveils shock therapy in 2025 budget
US inflation fell to 2.4% in September
Hurricane Milton leaves millions without power after lashing Florida
Japan’s new prime minister pledges to tackle deflation in first policy speech
Spanish star Rafael Nadal calls time on glittering tennis career
CREDIT: BBC
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US considers breaking up Google
HSBC’s top-paid bankers to bear the brunt of cost-cutting restructuring, and the UK Conservative party leadership race has been whittled down to two rightwingers. Plus, Germany’s economy is expected to shrink, and the US government is considering seeking the break-up of Google to end its monopoly in search.
Mentioned in this podcast:
US weighs Google break-up in landmark antitrust case
Jenrick vs Badenoch: Meet the next Conservative leader
Germany expects economy to shrink in 2024 after cutting forecast
Expensive senior bankers to bear brunt of HSBC restructuring
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
India’s belated oil rush
The head of KPMG US says the industry urgently needs to make it easier to become an accountant, and the EU is suing Hungary’s government over a new security law it says is in breach of citizens’ fundamental rights. Plus, India races to extract as much oil as possible while there remains a market for crude.
Mentioned in this podcast:
KPMG US head says the industry urgently needs to make it easier to become an accountant
India in rush to boost oil production before energy transition
EU sues Hungary over new security law
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Strikes threaten Boeing’s bottom line
Big bank bosses join a growing list of prominent financiers expected to skip COP29 next month, and Spain proposes a new mechanism to help harmonise the EU’s capital and credit markets. Plus, activist investor Starboard Value has built a $1bn position in struggling drugmaker Pfizer, and tens of thousands of striking machinists are threatening Boeing’s recovery.
Mentioned in this podcast:
“You only go to the party if everyone is going”: finance bosses shun COP29
Spain to propose mini-coalitions to break EU capital markets stalemate
Activist investor Starboard builds $1bn stake in drugmaker Pfizer
‘They’re just mad’: Boeing strikers prepare for long haul
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Israel marks one year after October 7
A new report forecasts that Donald Trump would raise the US debt by twice as much as Kamala Harris, and Elon Musk’s SpaceX is quietly opening up a new front in a global battle over a scarce and precious resource: radio spectrum. Plus, US partners at accounting firm EY have been told their pay for 2024 will be deferred, and a year after the October 7 attacks, international criticism of the Gaza war has led many Israelis to retreat inwards.
Mentioned in this podcast:
Donald Trump would raise the US debt by twice as much as Kamala Harris, report finds
EY to hold back some pay from US partners after tough year
The satellite spectrum battle that could shape the new space economy
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swamp Notes: How the Middle East conflict is shaping the election
The Biden administration has tried and failed to contain fighting in the Middle East over the past year - and now, the conflict is close to spiralling into all-out war. The FT’s US foreign affairs and defence correspondent Felicia Schwartz and US political news editor Derek Brower join this week’s Swamp Notes to explain what Kamala Harris and Donald Trump are telling voters they’ll do to end the conflict. Credit: USA Today
Mentioned in this podcast:
Israel and Iran have just delivered the US election’s ‘October surprise’
Benjamin Netanyahu’s ‘rope-a-dope’ war strategy with White House
Oil surges after Joe Biden’s comments on Israeli retaliation
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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Markets keep calm despite global tensions
A strike that closed US east and Gulf coast ports will be suspended, and market reaction to escalations in the Middle East remains minimal. Plus, Italy’s government will raise more taxes from companies earning windfall profits, and luxury group LVMH will become a top sponsor of car-racing franchise Formula One.
Mentioned in this podcast:
US dockworkers suspend strike that threatened to cripple ports
Italy seeks to raise more windfall taxes from companies
The market reaction to global tensions might not follow the old script
LVMH strikes sponsorship deal with Formula 1
Go to ft.com/briefingsale for 50% off a digital standard subscription
Credit: CNBC, LVMH
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Displacement pushes Lebanon to the brink
UK house sales rise at the fastest rate in three years, mass displacement in Lebanon risks overwhelming a country battered by economic crises, and Brussels intends to postpone a controversial EU anti-deforestation law for a year following a backlash. Plus, two-thirds of all new solar and wind power projects are based in China.
Mentioned in this podcast:
UK house sales rise at fastest pace in three years, data shows
China’s accelerating green transition
EU moves to delay anti-deforestation rules
Lebanon’s broken state struggles with 1mn displaced
50% off an FT standard annual digital subscription: ft.com/briefingsale
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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A day of escalation in the Middle East
Iran fires missiles at Israel, hours after the IDF launches a ground offensive in Lebanon. France’s new Prime Minister Michel Barnier announced tax rises on large companies and the wealthy, and US business groups warned of economic ‘paralysis’ after tens of thousands of dockworkers went on strike. Plus, investors are seeking to profit from the uncertainty over the outcome of the US presidential race.
Mentioned in this podcast:
Iran launches missile attack against Israel
French premier Michel Barnier announces tax rises and spending cuts
US economy faces ‘paralysis’ before election as dockworkers go on strike
Investors turn to volatility trades to profit from tight US election
Until 24th October, save up to 50% on a standard annual digital subscription at ft.com/briefingsale
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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AI start-ups generate revenue at record pace
SoftBank will invest $500mn into OpenAI as part of a fundraising round that will give the start-up a $150bn valuation, and Chinese equities post their best day since the 2008 global financial crisis. Plus, new data suggests artificial intelligence start-ups are bringing in revenues at an unprecedented rate, and South Korean exporters are struggling to compete with a glut of goods from Chinese rivals.
Mentioned in this podcast:
SoftBank to invest $500mn in OpenAI
AI start-ups generate money faster than past hyped tech companies
Chinese stocks surge 8.5% in best day since 2008
From steel to kimchi, South Korean exporters face flood of Chinese rivals
Go to ft.com/briefingsale for 50% off a digital standard subscription
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Hizbollah reels after the death of its leader
In the wake of Hassan Nasrallah’s death, Hizbollah looks for a way forward, and French far-right leader Marine Le Pen goes on trial for allegedly embezzling EU funds. Peter Thiel’s venture capital firm is backing a nuclear start-up aimed at fueling artificial intelligence, and a handful of high frequency trading firms have seized market share from traditional investment banks.
Mentioned in this podcast:
Marine Le Pen goes on trial over EU expenses scandal
Peter Thiel’s Founders Fund backs nuclear fuel start-up
New titans of Wall Street: How trading firms stole a march on big banks
Go to ft.com/briefingsale for 50% off a digital standard subscription
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Harris and Trump pitch their economic visions
Voters consistently tell pollsters that economic issues are their top electoral concern. Kamala Harris and Donald Trump have spent the past few weeks honing their economic messages — and they couldn’t be more different. The FT’s US managing editor, Peter Spiegel, and Washington bureau chief, James Politi, join to explore how each candidates’ plan would impact the country.
Mentioned in this podcast:
Trumponomics: the radical plan that would reshape America’s economy
Kamala Harris sets out pro-business economic philosophy in swing-state speech
Sign up for the FT’s Swamp Notes newsletter here
Sign up for our free, pop-up newsletter The Best of Lunch with the FT, running until November 17
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
CREDIT: MSNBC, Fox News
Read a transcript of this episode on FT.com
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How extremist settlers in the West Bank became the law
UK chancellor Rachel Reeves may backtrack on a key tax plan, Saudi Arabia is ready to abandon its unofficial price target of $100 a barrel for crude, and Citigroup announced a $25bn deal with Apollo to lend to private equity groups and low-rated US companies. Plus, Palestinian villagers in the West Bank are experiencing heightened violence after Hamas’s devastating October 7 assault on Israel.
Mentioned in this podcast:
UK chancellor ready to water down planned tax raid on wealthy foreigners
Saudi Arabia ready to abandon $100 crude target to take back market share
Citi turns to Apollo for $25bn private credit push
How extremist settlers in the West Bank became the law
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Banks warm up to nuclear power
OpenAI’s chief technology officer is leaving the company, major banks pledge to increase their support for nuclear energy, and hopes of an M&A comeback rise as global companies pursue blockbuster takeovers. Plus, a surge in female labour force participation emerges as a bright spot for Saudi Arabia.
Mentioned in this podcast:
OpenAI’s chief technology officer Mira Murati to leave
Big corporate predators bolster global M&A market
The Saudi factories powered by women
World’s biggest banks pledge support for nuclear power
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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China unleashes stimulus blitz
The US Department of Justice has filed an antitrust lawsuit against Visa, China has unleashed a swath of stimulus measures to jump-start growth and the incoming CEO at Trafigura signals a new era for the trading house. Plus, Sri Lanka has a new leftwing president who has promised a fresh start for the country.
Mentioned in this podcast:
US antitrust lawsuit accuses Visa of using dominance to shut down rivals
China unleashes stimulus blitz to lift growth
Trafigura set to name Richard Holtum as chief executive
Sri Lanka swears in leftist election winner as president amid concerns over IMF deal
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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A hostile takeover looms in European banking
The US proposed effectively banning Chinese cars, German Chancellor Olaf Scholz came out against a UniCredit takeover of Commerzbank and Israel carried out hundreds of airstrikes in Lebanon. Plus, UK Prime Minister Keir Starmer will try to turn around the Labour party’s mood during a speech at the party conference.
Mentioned in this podcast:
US proposes banning Chinese software and components in vehicles
Israeli strikes kill more than 490 in Lebanon, says health ministry
Olaf Scholz says Germany opposes a Commerzbank takeover
Keir Starmer faces 2 challenges in Liverpool
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Looming US port strikes threaten supply chain
Olaf Scholz’s SPD narrowly fends off the AfD in Brandenburg’s state election, and chipmaker Qualcomm approaches Intel about a potential takeover. AI search engine Perplexity mounts an ambitious effort to break Google’s stranglehold over the $300bn digital ads industry. Plus, a strike at three dozen US ports could upend supply chains and raise prices just weeks before Election Day.
Mentioned in this podcast:
Germany’s SPD leads far right in Brandenburg election
Perplexity in talks with top brands on ads model as it challenges Google
Qualcomm approached Intel about takeover bid in recent days
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swamp Notes: Misinformation as a campaign strategy
Republican presidential nominee Donald Trump and his running mate senator JD Vance have spent the past few weeks pushing a false claim that Haitian migrants in Springfield, Ohio are eating residents’ pets. The FT’s US national editor, Ed Luce, and New York correspondent, Joshua Chaffin, join this week’s Swamp Notes to discuss why misinformation is a powerful electoral strategy and whether the truth matters to voters.
Mentioned in this podcast:
‘It’s ugly’: Donald Trump’s Haitian pet-eating claim fractures Ohio city
Trump, Vance and American blood and soil
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
CREDIT: ABC News, CNN
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Europe’s battery darling runs out of juice
The S&P 500 hit a record high, Europe’s biggest hope for dominance in EV batteries is struggling to hang on and the Bank of England held interest rates steady. Plus, the FT’s Brooke Masters explains why customers are getting fed up with airline loyalty programmes.
Mentioned in this podcast:
S&P 500 hits new record after Fed makes jumbo cut to US interest rates
Europe’s great battery hope Northvolt fights for survival
Bank of England holds rates at 5%
The fury of the frequent flyer
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The Fed’s first rate cut in 4 years
The Federal Reserve’s interest rate easing began with a half-point cut, and the UK’s financial watchdog has stepped up pressure on banks to offer more attractive interest rates on deposits. The FT’s Mehul Srivastava unravels the supply chain behind the pagers that exploded in Lebanon this week.
Mentioned in this podcast:
Federal Reserve cuts rates by half a point and signals era of easing has begun
UK regulator pushes banks to give savers better value even as rates fall
From Taipei to Budapest: the mysterious trail of exploding pagers
London and New York cocoa prices in rare divergence as shortages bite
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Solar energy’s moment in the sun
BlackRock and Microsoft are launching a $30bn data centre fund to meet the growing demands of artificial intelligence, and BP puts its onshore US wind business up for sale. Meta is making teenagers’ Instagram accounts private by default and EU competition chief Margrethe Vestager speaks to the FT about her efforts to regulate in Big Tech.
Mentioned in this podcast:
BlackRock and Microsoft plan $30bn fund to invest in AI infrastructure
BP puts $2bn US onshore wind business up for sale
Instagram to make teenagers’ profiles private by default
Vestager warns EU against weakening merger rules
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
OpenAI launches its next generation of tools
The EU is preparing to provide up to €40bn in new loans for Ukraine by the end of the year, and Boeing is considering temporary furloughs as its machinists continue to strike. The company behind ChatGPT is launching a new product it claims can solve complex mathematical and scientific problems. Plus, former European Central Bank president Mario Draghi launches a master plan to boost EU competitiveness.
Mentioned in this podcast:
EU plans to raise up to €40bn in loans for Ukraine without US
Boeing considers furloughs amid machinist strike
OpenAI launches AI models it says are capable of reasoning
Will Mario Draghi’s masterplan get the momentum it needs?
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Persis Love, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China’s start-up winter is here
Both the Federal Reserve and the Bank of England are set to announce interest rate decisions this week. In China, venture capital finance has dried up amid political and economic pressures. Plus, Indonesian palm oil producers warn of global supply chain disruption if the EU bans imported commodities linked to deforestation.
Mentioned in this podcast:
How China has ‘throttled’ its private sector
Indonesia warns of ‘chaos’ from EU deforestation law
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Persis Love, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Harris and Trump meet on the debate stage
On this week’s special episode of Swamp Notes, four FT journalists discuss the historic first debate between Kamala Harris and Donald Trump, and answer all your most-pressing questions about the US presidential race. The FT’s US managing editor, Peter Spiegel, moderates the discussion alongside deputy Washington bureau chief, Lauren Fedor, global business columnist, Rana Foroohar, and chief foreign affairs columnist, Gideon Rachman.
Mentioned in this podcast:
Kamala Harris has passed a big test
Kamala Harris needles Donald Trump in fiery presidential debate
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson and the FT Live team.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Abu Dhabi bids for Germany’s industrial jewel
Investors snapped up consumer staples such as Coca-Cola and Colgate-Palmolive amid concerns over a potential slowdown in the US economy. Abu Dhabi’s oil company Adnoc could offer €14.4bn for German chemical group Covestro, and the European Central Bank cut interest rates to 3.5 per cent. Plus, people in Los Angeles are encouraged to park their car obsession ahead of the 2028 Olympics, and amateur astronauts completed the first private spacewalk.
Investors pile into Coca-Cola and Colgate as recession fears grow
Abu Dhabi closes in on German group that helped ‘invent chemistry’
ECB cuts interest rates to 3.5%
Can LA end its love affair with cars?
Astronauts complete first private spacewalk
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Peter Wells, Persis Love, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
UniCredit eyes a new era in European banking
The Italian lender UniCredit has amassed a 9 per cent stake in Commerzbank, and US inflation fell to 2.5 per cent in August. Plus, Argentines are declaring hundreds of millions of dollars of previously hidden savings in a tax amnesty and Mexico’s Senate approved a radical plan to have voters elect all its judges.
Mentioned in this podcast:
US inflation falls to 2.5% in August
UniCredit’s push for European bank consolidation looks on target
Javier Milei’s tax amnesty lures Argentines to declare hidden millions
Mexico’s Senate approves radical plan to elect all judges
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The EU’s €13bn bite into Apple
The EU’s top court orders Apple to pay €13bn in back taxes, and the Federal Reserve halves its proposed capital requirement increase for the largest US banks. Plus, we talk to the FT’s Benjamin Parkin about the Taliban’s warming relations with a growing number of regional powers.
Mentioned in this podcast:
Top EU court rules Apple must pay €13bn in back taxes
Federal Reserve halves proposed capital requirement rise for largest US banks
Taliban’s closer ties with UAE signal global divide over Afghan regime
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
France’s looming deadline
Apple launches the iPhone 16 with generative AI features, and France’s new PM needs more time to submit the country’s debt plans. Kamala Harris is under pressure to perform in tonight’s debate against Donald Trump. Plus, Intel’s plunging share price and manufacturing troubles shatter its hopes for a turnaround.
Mentioned in this podcast:
Apple launches iPhone 16 with AI features to roll out in coming months
France asks EU for more time to submit debt plan
Kamala Harris faces crucial debate as polls hint at slipping momentum
Intel in crisis: chipmaker considers drastic change to catch AI rivals
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Tesla’s EVs stall in China
Enthusiasm about artificial intelligence masks a recession in the technology sector, and a new exchange traded fund looks specifically for ‘reject’ stocks. Plus, Google heads back to court over fresh antitrust allegations, and Chinese car buyers ditch Tesla for local alternatives.
Mentioned in this podcast:
AI exuberance masks broad weakness in tech sector, say investors
Star manager Rob Arnott launches ETF to buy up index ‘rejects’
Google’s $20bn ad tech business to play for at next antitrust showdown
Elon Musk’s China dream stalls as hybrids rush past Tesla
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: How protectionism got trendy
Democrats and Republicans have taken a protectionist turn on trade policy over the past few years. They say it’s to protect national security, but that argument doesn’t always hold up. Just look at this week’s announcement from vice-president Kamala Harris that she doesn’t support the purchase of US Steel by Japan’s Nippon Steel. The FT’s economics editor, Sam Fleming, and Washington bureau chief, James Politi, join this week’s Swamp Notes to explain why both parties are leaning into “Made in America”.
Mentioned in this podcast:
How national security has transformed economic policy
Joe Biden set to block Nippon Steel’s takeover of US Steel
Sign up for the FT’s Swamp Notes newsletter here
Register for our live subscriber webinar now at ft.com/uswebinar
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
France finally gets a new PM
President Emmanuel Macron has named the EU’s former Brexit negotiator Michel Barnier as France’s next prime minister. Plus, Europe’s sustainable investment funds double down on defence stocks, and Ukraine President Volodymyr Zelenskyy carries out his biggest wartime cabinet reshuffle yet.
Mentioned in this podcast:
Europe’s ESG funds more than double defence holdings amid Ukraine war
Michel Barnier promises respect for ‘all political forces’ as French PM
Zelenskyy seeks ‘new energy’ with Ukraine’s biggest wartime cabinet reshuffle
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Saffeya Ahmed, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Volkswagen’s dire warning
Volkswagen calls for drastic measures to bolster profits, and President Joe Biden wants to block a Japanese company’s acquisition of US Steel. Plus, damning findings about the Grenfell Tower fire surface, and Egypt’s journey from gas bonanza to power blackouts
Mentioned in this podcast:
Joe Biden set to block Nippon Steel’s takeover of US Steel
Volkswagen warns staff it has ‘a year, maybe two’ to adapt to lower demand
‘Incompetence, dishonesty and greed’: Key findings of Grenfell report
Egypt’s journey from gas bonanza to power blackouts
CREDIT: AP
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The glitch in China’s AI plans
Big tech groups including Nvidia led a broad US stock market sell-off on Tuesday, and Huawei’s AI chips are dealing with some bugs. Plus, US homebuilders are facing their biggest credit crunch in more than a decade, and foreign investors are backing out of Indian equities.
Mentioned in this podcast:
US homebuilders face credit crunch as banks cut lending
Huawei’s bug-ridden software hampers China’s efforts to replace Nvidia in AI
Global stocks slide as investors fret over US slowdown
Foreign investors pull out of frothy Indian equity market
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Peter Wells, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Who audits the auditors?
The UK blocks some arms shipments to Israel, audit firms are fighting against new oversight rules in the US, and the same technology that brought us Covid-19 vaccines could also be used to fight cancer. Plus, the Oasis revival tour is so popular it triggered a UK investigation into Ticketmaster.
Mentioned in this podcast:
UK to halt exports of some arms to Israel citing possible law breaches External Link
The Covid-era tech that could reinvent cancer care
Accountancy firms fight back against audit reforms
UK government to probe ‘dynamic’ pricing behind Oasis ticket price surge
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Germany’s far-right AfD makes history
Germany's far-right makes significant inroads in state elections, and Israel’s largest union calls for a general strike. Plus, so-called ‘greedlation’ becomes a campaign issue for the Democrats, and Hong Kong wants workers to smile more.
Mentioned in this podcast:
Alternative for Germany wins its first regional election
Hostage deaths build pressure on Netanyahu for Hamas deal
Hong Kong service workers told to smile more to attract tourists
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swamp Notes: Is mainstream media old news for Harris and Trump?
Kamala Harris and Donald Trump have different approaches to the media: Trump talks a lot, and Harris talks a little. But the candidates share one thing in common: they’re both sceptical of mainstream outlets. The FT’s US managing editor, Peter Spiegel, and Los Angeles bureau chief, Christopher Grimes, join this week’s Swamp Notes to explain why.
Mentioned in this podcast:
Kamala Harris versus the media
‘Way too much news’: US conservatives face a fragmented media map
Sign up for the FT’s Swamp Notes newsletter here
Register for our live subscriber webinar now at ft.com/uswebinar
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of the original episode on FT.com
CREDIT: NBC News
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The ABCs of CBDCs
Turkey’s stock rally hits reverse as juicy interest rates lure savers out of the market, and the FT’s Polina Ivanova explains how Telegram is a lifeline for both Russian and Ukrainian troops and civilians. Plus, Cornell University’s Eswar Prasad says Thailand could open a window into how central bank digital currencies might be used in future.
Mentioned in this podcast:
Turkey’s blazing stock rally falters with high rates luring savers away
War unfiltered: how Telegram straddles the Ukraine fron tline
Thailand may tell us a great deal about the future of money
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Prakriti Panwar, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Ford loses its grip on the wheel
Nvidia’s record-breaking earnings still somehow disappointed investors, China’s use of the renminbi in cross-border trading is at a record high, and Berkshire Hathaway becomes the first publicly traded US company outside of tech to be valued at $1tn. Plus, Ford’s big plans to boost profits continue to fall short.
Mentioned in this podcast:
Nvidia revenue more than doubles as demand for AI chips remains strong
China’s international use of renminbi surges to record highs
Warren Buffett’s Berkshire Hathaway surges past $1tn market value
Ford shares have stalled: can CEO Jim Farley steer out of its rut?
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The US-China ‘cat and mouse game’
The Japanese operator of 7-Eleven is discussing ways to defend itself against a takeover bid by Canada’s Alimentation Couche-Tard, Chinese export controls on crucial semiconductor materials are starting to hit supply chains, and the fintech company Klarna plans to axe almost half of its staff in favour of artificial intelligence. Plus, Nasa is turning to Elon Musk’s SpaceX after Boeing’s Starliner, which was meant to bring two US astronauts home, suffered technical problems.
Mentioned in this podcast:
7-Eleven’s Japanese owner explores protected status to thwart foreign bid
China’s export curbs on semiconductor materials stoke chip output fears
Klarna aims to halve workforce with AI-driven gains
How will Nasa return two US astronauts stranded in space?
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Telegram CEO arrest reignites free speech debate
French authorities detain Telegram’s chief executive as part of a content moderation investigation, which has reignited the debate about free speech online. Plus, oil prices reached a two-week high as Libya says it is shutting down oil production, and Grenada triggers a first-of-its-kind ‘hurricane clause’ to pause its debt repayments.
Mentioned in this podcast:
Oil hits 2-week high after Libya says it will shut down crude exports
Grenada triggers ‘hurricane clause’ to suspend bond payments
Telegram says detained founder Pavel Durov has ‘nothing to hide’
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Money surges into the Harris campaign
Israel’s military launched a wave of air strikes in southern Lebanon on Sunday, small-dollar donations surged to Kamala Harris’s campaign after she replaced Joe Biden on the Democratic ticket, and the world’s largest aerospace and defence companies are set to rake in record levels of cash over the next three years. Plus, computer programming might be the first job function to be transformed by the latest wave of AI technology.
Mentioned in this podcast:
Top defence contractors set to rake in record cash
Israel launches strikes in Lebanon
Kamala Harris spends 10 times as much as Trump on digital ad blitz
Kamala Harris raised four times as much cash as Donald Trump in July
AI-powered coding pulls in almost $1bn of funding to claim ‘killer app’ status
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Molly Nugent, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swamp Notes: Democrats find a feeling at the DNC
Democrats from across the US gathered in Chicago for their presidential convention this week, promising to move past the Donald Trump-era of American politics. But if their newly-minted nominee, vice-president Kamala Harris, wins November’s election, she’ll have her work cut out to keep her party together. The FT’s deputy Washington bureau chief, Lauren Fedor, and US political news editor, Derek Brower, join this week’s Swamp Notes from Chicago to explain what the future of the party might look like.
Mentioned in this podcast:
Five key points from Kamala Harris’s acceptance speech
Kamala Harris vows to ‘strengthen, not abdicate’ US global leadership
Kamala Harris’s underwhelming economic agenda
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
CREDIT: PBS NewsHour
Register now for the FT Weekend Festival, and claim £24 off your pass using promo code FTPodcast at: ft.com/festival
Read a transcript of this episode on FT.com
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A soft landing at Jackson Hole
Kamala Harris made a bid for national unity at a rapturous Democratic National Convention. Plus, all eyes are on Jackson Hole today, where the Fed will reveal how it will lower US interest rates without triggering a recession. Meanwhile, investors are hedging their bets on these cuts coming soon, sending gold soaring.
Mentioned in this podcast:
Kamala Harris pitches unity message as she makes her case to American voters
Gold hits record highs as investors bet on rate cuts
Cooling US jobs market looms over central bankers at Jackson Hole
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Japan opens for (foreign) business
PwC faces a six-month business ban in China, and Mexico’s Supreme Court judges go on strike. Plus, a potential takeover of 7-Eleven may set the tone for a new era of Japanese acquisitions.
Mentioned in this podcast:
PwC expects six-month ban in China over Evergrande audit
Mexico’s judges to strike over López Obrador’s plan to fire them
After 7-Eleven, Japan’s M&A scene may never be the same again
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Saudi Arabia is keeping it in the kingdom
China’s flagship fund to buy up unsold housing is off to a limp start, and Saudi Arabia’s Public Investment Fund is to prioritise domestic spending. Plus, a growing number of Americans are suffering from tip fatigue.
Mentioned in this podcast:
China’s landmark property rescue plan limps off the starting line
The US tipping system is teetering
Saudi wealth fund brings era of easy money to an end
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Kamalanomics goes on defence
The US dollar sinks to its lowest level since the start of the year and Democrats are rushing to defend vice-president Kamala Harris’s economic road map. Plus, rising US-China tensions could threaten a decades-old science and technology pact.
Mentioned in this podcast:
Dollar hits 8-month low as US stocks start week higher
Democrats on defensive after Kamala Harris’s economic plans poorly received
China-US tensions erode co-operation on science and tech
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Marc Filippino, and Niamh Rowe. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Democratic convention kicks off in Chicago
Start-ups, legacy groups and policymakers are working out how to operate in areas of rising weather risks, and start-up failures shot up 60% in the past year. Plus, top international fashion brands are shifting orders away from Bangladesh because of recent political turmoil.
Mentioned in this podcast:
FT series: the Uninsurable World
Global fashion brands cut Bangladesh orders after turmoil
Start-up failures jump by 60% as founders face hangover from boom years
The Democratic National Convention hits Chicago
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Molly Nugent, Andrew Edgecliffe-Johnson, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swamp Notes: Why more Latinos are voting Republican
Latino voters were once considered a reliable bet for Democrats. But with each passing election, Republicans are making more inroads with them. The FT’s Houston correspondent, Myles McCormick, and Republican political strategist, Mike Madrid, join this week’s Swamp Notes to unpack this shift.
Mentioned in this podcast:
The Latino swing voters who could decide the US election
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
CREDIT: Harris for President
Read a transcript of this episode on FT.com
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Bonds are back, baby!
A huge US-based oilfield services company is expanding its Russian business, investors are piling into US treasuries, and US retail sales saw their biggest jump in a year and a half in July. Plus, a decade-long dispute between Coca-Cola and federal tax authorities has escalated to the point that the company could owe $16bn in back payments.
Mentioned in this podcast:
US oil services group SLB expands in Russia as competitors withdraw
Investors return to bonds as recession fears stalk markets
Strong US retail sales raise hopes of ‘soft landing’
How a $16bn tax stand-off stays unseen in Coca-Cola’s earnings
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US inflation hits lowest rate in 3 years
Peace talks aimed at ending the war in Gaza start up again today, US inflation fell to 2.9 per cent in July, and Ukrainian forces are looking to hold on to newly-seized Russian territory. Plus, Germany’s chief prosecutor has issued an arrest warrant for a Ukrainian man suspected of blowing up the Nord Stream gas pipelines.
Mentioned in this podcast:
US inflation falls to 2.9% in July
Ukrainian forces seek to hold Russian positions after capturing hundreds of troops
The competing theories of the Nord Stream explosions
Germany issues arrest warrant for Ukrainian over Nord Stream gas pipeline attacks
US-Israel talks take on fresh urgency as Middle East on edge
Stonehenge rock was shifted 400 miles from Scotland, scientists find`AQ
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Are companies bailing on fossil fuels or doubling down?
US stocks and Treasuries rallied as traders assessed lower than expected wholesale inflation data, and investors hope that abundant electricity in northern Sweden can power a new wave of industrialisation. Meanwhile, the world’s biggest publicly listed coal producer is dropping plans to ditch the commodity.
Mentioned in this podcast:
US stocks climb as soft inflation data spurs Treasury rally
Can Sweden deliver its much hyped green energy boom?
‘Cash is king’: Why Glencore kept faith with coal
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Katie McMurran,
Molly Nugent, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Delays hit Biden’s signature manufacturing laws
Russia has trained its navy to hit European targets with nuclear-capable missiles, and 40 per cent of the biggest US manufacturing investments announced in the first year of Joe Biden’s flagship industrial and climate policies have been delayed or paused. Plus, we ask the FT’s Tom Hale if there could be a light at the end of the tunnel for China’s economy.
Mentioned in this podcast:
Russian navy trained to target sites inside Europe with nuclear-capable missiles
China deflation fears ease as consumer prices rise
Delays hit 40% of Biden’s major IRA manufacturing projects
Life and Art podcast: Why museums should keep their mummies and shrunken heads
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Western companies hit by Muslim country boycotts
More Americans trust Kamala Harris to handle the US economy than Donald Trump, European traders this summer are using only a fraction of Ukraine’s vast natural gas storage, and boycotts of western food and drinks brands in Muslim countries are hitting the revenues of multinationals. Plus, we look into why mid-tier US accounting firms are under increasing pressure to overhaul their networks.
Mentioned in this podcast:
Widespread boycotts in Muslim countries hammer western brands
US accounting firms rethink global networks
Bosses cut flying day trips as travel settles into permanent ‘new normal’
Kamala Harris is more trusted than Donald Trump on the US economy
European gas traders shun Ukraine storage after Russian attacks
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Molly Nugent, Siona Jenkins, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Another brick in the (blue) Walz
Kamala Harris has supercharged Democratic party voters’ enthusiasm in the weeks since President Joe Biden stepped down as the nominee. Can Tim Walz, a little-known Midwestern governor with an everyman appeal and a progressive agenda, help maintain that excitement as her vice-presidential pick? The FT’s global business columnist, Rana Foroohar, and Washington bureau chief, James Politi, join this week’s Swamp Notes to discuss what Walz adds to the ticket.
Mentioned in this podcast:
Kamala Harris champions personal freedoms at first rally with Tim Walz
Why Tim Walz was Kamala Harris’s choice for vice-president
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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US consumers start pinching pennies
The stock market sell-off earlier this week may have been a bit of an overreaction, and overall consumer spending has been struggling recently. Plus, the FT’s Christopher Miller explains what Ukraine’s surprise counteroffensive in Russia means.
Mentioned in this podcast:
US consumer spending slowdown weighs on travel and leisure groups
Battles rage in Russia as Kyiv advances in war’s largest counter-incursion
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jess Smith, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Google and Meta’s secret deal
Google and Meta struck a secret ads deal to target teenagers, and the FT reports that the UK’s biggest private pension fund dumped £80mn of Israeli assets. Plus, the FT’s Benjamin Parkin updates us on the situation in Bangladesh.
Mentioned in this podcast:
Google and Meta struck secret ads deal to target teenagers
UK’s biggest private pension fund dumps £80mn of Israeli assets
How the world’s longest-serving female leader was toppled
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Can athletics vault into profitability?
Wall Street stocks rebounded yesterday as the markets stabilised from a global rout, Disney is raising its streaming prices and Chinese bonds are causing a lot of anxiety for the country’s lawmakers. Plus, the FT’s Sara Germano talks about the effort to make track and field more popular outside the Olympics.
Mentioned in this podcast:
Wall Street stages partial rebound after Japanese stocks surge
Chinese yields hit record lows as investors defy central bank warnings
Kamala Harris chooses Tim Walz as running mate in US presidential election
Disney to lift streaming prices by as much as 25% in October
Can athletics win a big audience outside the Olympics?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jess Smith, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Stock indices get a case of the Mondays
Major stock indices were significantly down around the world yesterday. Plus, the FT’s Lucy Fisher explains why the far right is rioting in England and what the government is doing about it.
Mentioned in this podcast:
US stocks finish sharply lower to close out global market rout
Why global investors find it so easy to sell Japan
Why are the far right rioting in England?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
UK leaders court US investors
UK chancellor Rachel Reeves begins a three-day visit to New York and Toronto on Monday in an attempt to sell Britain as “a stable place to do business,” asset managers fret as high-yield savings and caution over market volatility have left up to $1.5tn out of the market, commodity bulls’ dash for the exit sends prices tumbling.
Mentioned in this podcast:
UK chancellor to court investors in visit to New York
EU capitals set to back tariffs on Chinese electric cars, trade chief says
Commodity bulls’ dash for the exit sends prices tumbling
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jess Smith, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: The Three Party Problem
Only two political parties — the Republicans and the Democrats — have controlled the White House since 1853. However, candidates from other parties still run in presidential elections. The FT’s Washington reporter, Steff Chávez, and US business and politics correspondent, Alex Rogers, join this week’s Swamp Notes to explain how third-party candidates could impact the 2024 US presidential race.
Mentioned in this podcast:
Robert Kennedy Jr launches independent bid for US president
Robert Kennedy Jr taps nostalgia in bid to upset Donald Trump and Joe Biden
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson and Manuela Saragosa.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
An historic prisoner swap
Investors were not happy with Amazon’s earnings report and Russia agreed to a historic prisoner swap with western countries. Plus, the FT’s Tommy Stubbington discusses how markets might react to a week of important central bank interest rate decisions.
Mentioned in this podcast:
Amazon earnings jump on cloud computing strength but margins narrow
A momentous week for central banks
US journalist Evan Gershkovich released in Russia prisoner swap
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Tensions escalate between Iran and Israel
An interest rate cut could be on the table for the Federal Reserve’s next meeting, conflict in the Middle East is intensifying, and the Nasdaq composite jumped 2.7% on Wednesday. Plus, the FT’s Barney Jopson explains the recent wave of backlash against tourists.
Mentioned in this podcast:
Powell says September rate cut ‘on the table’ after Fed notes ‘some further progress’ on inflation
Assassinated: the arch-enemies of Israel killed in twin strikes
The cost of Europe’s backlash against tourists
CREDIT: The Telegraph
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Miami: a rare bright spot in US office real estate
Microsoft’s AI-fuelled cloud growth fell slightly short of investors’ expectations, the cost of a luxury office space in Miami smashed records, and London’s stock market has fallen behind in mining company listings. Plus, the FT’s Humza Jilani explains how Pakistan’s banks are benefitting from mounting government debt.
Mentioned in this podcast:
Microsoft shares fall as cloud growth fails to impress Wall Street
Cost of Miami office space hits record high
Pakistan’s banks enjoy soaring profits on interest from mounting government debt
London loses its historic grip on global mining sector listings
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The EU’s trade plan for a potential second Trump term
Britain’s new finance minister blamed the previous Conservative government for a £22bn fiscal hole, and Venezuela’s President Nicolás Maduro is facing international pressure to back up his claim of winning re-election. Plus, the FT’s Andy Bounds explains the EU’s trade strategy to deal with a potential second Trump presidency.
Mentioned in this podcast:
Reeves announces ‘incredibly tough choices’ to plug £22bn fiscal hole
Pressure mounts on Venezuela’s Nicolás Maduro over contested presidential vote
EU prepares two-step trade plan to tackle Donald Trump
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Big Tech’s Big Stumble
Losses in big tech stocks as investors punish companies over earning reports. The Bank of England may vote to reduce interest rates this week. Fallout after a Hizbollah attack on the Golan Heights.
Mentioned in this podcast:
US markets suffer worst day since 2022 as Tesla and AI stocks fall
BoE rate decision hangs on a knife edge as divided policymakers prepare to meet
Hizbollah drone footage highlights Israeli security vulnerabilities
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swamp Notes: Should Kamala Harris embrace identity politics?
If Kamala Harris wins the Democratic nomination next month, she would be only the second woman or person of colour that either major US party has ever nominated for president. On this week’s Swamp Notes, the FT’s US national columnist and editor, Edward Luce, and deputy Washington bureau chief, Lauren Fedor, explain why Harris probably won’t lean into her race or gender on the campaign trail.
Mentioned in this podcast:
Kamala Harris memes resonate with Gen Z voters
Harris vs. Trump: America’s sudden gender election
Sign up for the FT’s Swamp Notes newsletter here
Credit: Fox News
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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How the Olympics could reshape Paris
Elon Musk is looking to inject $5bn into an AI start-up, and Venezuela’s election on Sunday will decide whether Nicolás Maduro will stay in office for more than a decade. Plus, the FT’s Simon Kuper explains how big infrastructure updates in Paris might shake up the cultural and political boundaries of the city.
Mentioned in this podcast:
Elon Musk to seek Tesla board approval for $5bn injection into xAI start-up
Venezuela’s opposition bets Maduro has miscalculated this time
Paris, the Olympics and the reinvention of a city
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Are Indian investors sitting on a bubble?
Biden says it’s time to ‘pass on the torch’, China and the Philippines struck a deal to reduce tensions in the South China Sea, and the Nasdaq composite fell 3.6 per cent yesterday. Plus, the FT’s Chris Kay explains how young investors are gambling on Indian stocks.
Mentioned in this podcast:
The flashpoints that threaten a détente between China and the Philippines
Beijing and Manila strike deal to reduce tensions in South China Sea
US stocks sink after Big Tech earnings disappoint
The young investors gambling on Indian stocks
Credit: ABC NEWS
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Investors roll the dice on prediction markets
Tesla’s net income fell by 45 per cent, investors think Donald Trump will be back in the White House, and the director of the US Secret Service resigned after an operational failure. Plus, the FT’s Jennifer Hughes talks about investors betting on politics in prediction markets.
Mentioned in this podcast:
Tesla misses profit estimates as electric vehicle deliveries slow
Prediction markets tipped for new growth as US trader interest mounts
US Secret Service head resigns over Donald Trump assassination attempt
Markets reassess ‘Trump trades’ after Joe Biden withdraws from race
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jake Harper, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Kamala Harris takes the stage
The US Congress interrogated its Secret Service chief yesterday, and Kamala Harris is gearing up her prospective presidential campaign. Plus, the FT’s Christian Davies explains how Samsung’s labour crisis is complicating its efforts to capitalise on a booming market for semiconductors.
Mentioned in this podcast:
US Secret Service chief says Donald Trump shooting worst ‘failure’ in decades
What do we know about Kamala Harris’s chances against Donald Trump?
Samsung’s ‘chip crisis’: AI ambitions hit by unprecedented worker unrest
Luxury brands roll out 50% discounts as Chinese shoppers rein in spending
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Joe Biden drops out of US presidential race
US President Joe Biden has abandoned his re-election bid following overwhelming pressure from fellow Democrats, and India’s prime minister Narendra Modi faces an early test to his third term in office. Plus, the UK’s new chancellor, Rachel Reeves, will present a fiscal statement to parliament later this month.
Mentioned in this podcast:
Joe Biden drops out of 2024 US presidential election race and endorses Kamala Harris
Labour’s moment to blame, borrow and tax
India’s Narendra Modi faces budget demands from ‘kingmaker’ allies
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swamp Notes: Trump pushes unity at Republican National Convention
Republicans gathered in Milwaukee, Wisconsin, for their convention this week, just days after their party leader was nearly assassinated. The presidential nominee, Donald Trump, started off with a message of unity. However, it’s unclear if that message will stick. The FT’s deputy Washington bureau chief Lauren Fedor and US political news editor Derek Brower discuss this new layer for the Republican party. Credit: Associated Press, ABC News
Mentioned in this podcast:
Donald Trump pledges tax cuts, trade wars and border crackdown
JD Vance proclaims ‘America first’ as Republicans embrace economic populism
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to George Drake Jr and Pierre Nicholson.
Read a transcript of this episode on FT.com
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Trump accepts the Republican nomination
Donald Trump formally accepted the Republican party nomination for president. HSBC’s new chief executive, Georges Elhedery, will face a unique set of challenges while transitioning into the role, and the European Central Bank decided to keep interest rates unchanged yesterday. Plus, the FT’s Clive Cookson talks about the revival of the space race. Credit: NASA, BBC, NDTV, Global News
Mentioned in this podcast:
Donald Trump recounts near death by gunman in speech to Republican convention
Can HSBC’s new chief finish what Noel Quinn started?
ECB keeps interest rate at 3.75%
What do we gain from going back to the Moon?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Viktor Orbán’s world tour irks the EU
Chip stocks dipped yesterday after Trump’s comments rattled investors, the EU spoke up against Viktor Orbán’s recent travels, and a bid to force Amazon to recognise a union failed in the UK. Plus, the FT’s Madhumita Murgia explains what Yandex’s move into Europe signifies.
Mentioned in this podcast:
Chip stocks tumble as Trump comments rattle investors
Donald Trump has ‘well-founded plans’ for Russia-Ukraine peace talks, Viktor Orbán claims
Amazon beats back union bid for UK recognition
Yandex founder to build AI business in Europe after Russia exit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Nigeria gambles with economic shock therapy
The UK Labour government will present its plans for the upcoming year in the King’s Speech, and Morgan Stanley experienced a slowdown in growth despite a 40 per cent profit increase. Plus, the FT’s Aanu Adeoye explains the Nigerian president’s plans to revive the country’s economy.
Mentioned in this podcast:
Starmer plans to introduce AI bill in King’s Speech
Will shock therapy revive Nigeria’s economy — or sink it further?
Morgan Stanley’s wealth business stumbles even as profits jump
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Trump’s JD Vance strategy
Donald Trump announced Ohio senator JD Vance as his vice-presidential nominee yesterday, and a US judge dismissed a criminal case over the former president’s handling of classified documents. Plus, the FT’s Mehul Srivastava explains why the Gaza pier built by the US hasn’t been as effective as intended.
Mentioned in this podcast:
Donald Trump picks Ohio senator JD Vance as 2024 running mate
Judge dismisses classified documents case against Donald Trump
How the US’s $230mn Gaza pier became a ‘colossal failure’
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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What’s next after Trump assassination attempt
The US Congress launches a probe into ‘inexcusable’ security failings following the Pennsylvania rally shooting, and workers at an Amazon warehouse in the UK await results from a union ballot. Plus, the UK’s home building ambitions might be a bit of a slog. Credit: AP
Mentioned in this podcast:
Trump calls for unity in face of ‘evil’ after surviving assassination attempt
Donald Trump injured in attempted assassination at Pennsylvania rally
Housebuilders warn construction lag could weigh on Labour housing Amazon launches anti-union charm offensive ahead of UK workers’ vote
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swamp Notes: Conservatives have big plans for the judicial branch
As president, Donald Trump appointed three conservative justices to the Supreme Court and hundreds of conservative judges to benches across the judicial branch. These justices and judges have handed down several controversial decisions that have reshaped important aspects of American life. The FT’s US legal and enforcement correspondent, Stefania Palma, and professor of presidential studies at the University of Virginia, Barbara Perry, join this week’s Swamp Notes to discuss where the conservative legal movement is going next.
Mentioned in this podcast:
US Supreme Court deals blow to agencies’ rulemaking authority
US Supreme Court says Donald Trump immune for ‘official acts’ as president
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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Double-edged sword of deregulation
US inflation fell to 3 per cent, and China’s Communist party leaders will meet next week to discuss the country’s economy. Plus, the FT’s Brooke Masters talks about the risks that come with deregulation.
Mentioned in this podcast:
US inflation falls to 3% in June
China plays down hopes for ‘strong medicine’ at top economic policy meeting
US businesses may soon find that deregulation comes with risks
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Investors serve, can women’s tennis volley?
Archegos founder Bill Hwang found guilty of fraud, investors are selling off risky US junk bonds, and women’s tennis is getting big investments from Saudi Arabia and private equity firms. Plus, the FT’s Ryan McMorrow explains how Amazon is fighting back against rivals like Temu and Shein.
Mentioned in this podcast:
Archegos founder Bill Hwang found guilty over fund’s collapse
Investors shun riskier junk bonds as bankruptcy filings jump
Saudi wealth bolsters WTA’s ambitions for women’s tennis
Amazon set to take on Temu and Shein with new discount section
Survey link: http://ft.com/FTsurvey2024
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Iran’s reformist(ish) future
A Russian missile that destroyed a children’s hospital in Kyiv used western technology, investment banking is picking back up, and Shein is injecting €200mn in cash to tackle fashion waste. Plus, the FT’s Najmeh Bozorgmehr explains if Iran’s new pro-reform president can make a difference.
Mentioned in this podcast:
Type of Russian missile that struck Kyiv children’s hospital uses western components
Masoud Pezeshkian: the heart surgeon who became Iran’s president-elect
Shein to launch €200mn fund to tackle fashion waste as it awaits IPO approval
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Nike’s new game plan
Nato leaders are meeting for its 75th anniversary summit amid tensions within their countries, and Europe’s battery industry is feeling the impact of the global slowdown in electric car sales. Plus, the FT’s Sara Germano explains the reasons behind Nike’s worst single-day performance on the stock market since 1980.
Mentioned in this podcast:
Nato allies to pledge €40bn for Ukraine amid domestic turmoil
Europe’s battery industry hit by EV slowdown and Chinese competition
Downturn of the Swoosh: how Nike took its eye off the ball
Survey link: http://ft.com/FTsurvey2024
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The leftwing stuns France
France’s anti far-right alliance is on track to halt the rise of Marine Le Pen’s Rassemblement National, Labour’s landslide win is set to enhance the attractiveness of UK markets, and scientists said that this year was on track to become the warmest on record. Plus, the Chinese province closest to Taiwan seeks greater ties, but businesses aren’t biting. Credit: Washington Post, CNN, AFP
Mentioned in this podcast:
Leftwing surge thwarts far right in French election, polls suggest
UK stands out for its stability after election landslide, say investors
Investors shy away from China’s ‘Taiwan Town’ as tensions rise
World on track for hottest year as seas reach record levels for 15 months in a row
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Labour wins UK election by a landslide
Rightwing populist party Reform UK makes inroads. Viktor Orbán set to hold meeting with Vladimir Putin to discuss Ukraine peace.
Mentioned in this podcast:
Viktor Orbán to meet Vladimir Putin after Kyiv trip
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Robo DJ: YouTube invests in AI-generated music
SoftBank is looking to invest in AI despite pressure to offer a share buyback, Shell is pausing construction on one of its biggest energy transition projects, and the Labour party is expected to win the UK election by a landslide. Plus, the FT’s Anna Nicolaou explains how YouTube is trying to negotiate a deal with record labels over music created by AI.
Mentioned in this podcast:
SoftBank to prioritise AI deals over share buybacks despite pressure from Elliott
Shell pauses construction at one of Europe’s biggest biofuels plants
YouTube in talks with record labels over AI music deal
Labour set for landslide win in UK general election
Joe Biden set for talks with senior Democrats as crisis deepens
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Denmark’s cow tax is more than just hot air
The EU is planning to impose duties on substandard Chinese goods, Panama’s president wants to close the Darién gap, and Joe Biden is under pressure to explain his fitness to run for office. Plus, the FT’s Attracta Mooney explains how Denmark is implementing the world’s first carbon tax on agriculture.
Mentioned in this podcast:
EU takes aim at China’s Temu and Shein with proposed import duty
Denmark to charge farmers €100 a cow in first carbon tax on agriculture
Panama will close notorious Darién Gap to migrants, president vows
Joe Biden to meet Democratic governors amid concern over his fitness for race
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Unpacking the US Supreme Court Trump immunity ruling
Western banks have cut their workforces in China, the US Supreme Court ruled that former president Donald Trump cannot be prosecuted for his ‘official’ actions, and Amazon has turned its first international profit in four years. Plus, the FT’s Leo Lewis explains how online competitors are affecting Japan’s regional banks.
Mentioned in this podcast:
Global investment banks’ China expansion goes into retreat
US Supreme Court says Donald Trump immune for ‘official acts’ as president
Amazon’s international unit on track to swing into annual profit
Threat of deposit exodus haunts Japan’s regional banks
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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First round victory for French far-right
Marine Le Pen’s far-right party has battered President Emmanuel Macron’s centrist alliance in the first round of snap parliamentary elections, US stock markets performing better than expected at the midyear point, and Morgan Stanley will join Goldman and JPMorgan in scrapping UK bonus caps.
Mentioned in this podcast:
French voters turn out in record numbers
Wall Street’s last remaining bears struggle to convince optimistic clients
Morgan Stanley to join Goldman and JPMorgan in scrapping UK bonus cap
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Martin Wolf on democracy’s year of peril
Martin Wolf is worried about the threat autocrats pose to liberal democracies. Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, but in many places, populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. In this episode, Martin spells out his concerns to the FT’s executive opinion editor, Jonathan Derbyshire, and they discuss what Martin has gleaned from his conversations with Robert Kagan, Fiona Hill, Anne Applebaum and Raghuram Rajan. Did they ease his concerns in any way?
Links:
Martin Wolf column: Fascism has changed, but it is not dead
For Martin’s other FT columns click here
This episode is presented by Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: After the debate, is this it for Biden?
Joe Biden went into Thursday night’s CNN presidential debate hoping to assuage concerns over his mental acuity and fitness for office. But his performance only heightened those concerns — and may even force Democrats to reconsider their standard-bearer. The FT’s deputy Washington bureau chief, Lauren Fedor, and Washington reporter, Steff Chavez, join this week’s Swamp Notes podcast to explain why. Credit: CNN Presidential Debate, NBC News, ABC News
Mentioned in this podcast:
Democrats panic as Biden stumbles in bad-tempered debate with Trump
The big moments from the Biden-Trump debate
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson and Breen Turner.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A final goodbye to EY’s Project Everest?
The US is inviting foreign ministers from Israel and Arab countries to the Nato summit next month, EY’s new global chief executive confirmed that the firm will not split in two, and Thames Water is on the brink of a financial collapse. Plus, the FT’s Lucy Fisher explains why immigration is an important issue in the UK elections.
Mentioned in this podcast:
US invites Arab and Israeli ministers to Nato anniversary summit
New EY chief rules out reviving plan to split Big Four firm in two
Neither politicians nor the public think straight on immigration
Thames Water warns ageing assets pose ‘risk to public safety’
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Protests push Kenya to abandon tax rises
JPMorgan is adding India's sovereign debt to its emerging markets index, and violent protests in Kenya stopped its president from signing a bill that would raise taxes. Plus, the FT’s Harry Dempsey explains why the US wants to lift sanctions on a billionaire to gain access to minerals in Africa.
Mentioned in this podcast:
India braced for billions of dollars of inflows as bonds added to JPMorgan index
Kenya’s president drops tax rises after deadly protests
Billionaire under sanctions could get $300mn in controversial US-Congo deal
CREDIT: WSJ, KBC Channel 1
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Brussels strikes back against Big Tech
Shares of electric vehicle start-up Rivian surged in extended trading after Volkswagen announced a plan to invest up to $5bn, global investment in clean energy is set to hit $2tn and the EU charged Microsoft for violating antitrust laws yesterday. Plus, the FT’s Emma Agyemang explains why a deadlock in the US Senate is threatening to upend a global tax treaty.
Mentioned in this podcast:
Rivian shares soar on Volkswagen plan to invest up to $5bn
Clean tech investment set to hit $2tn in 2024
EU charges Microsoft with antitrust violations over Teams
Global tax truce frays over fears of US Senate deadlock
Do you have questions about the US election? Drop us a voice note here and we may play your question on Swamp Notes!
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
UK’s wealthy foreigners look for the exits
Chinese executives are trying to avoid US tariffs by relocating manufacturing, a growing number of wealthy foreigners in the UK are planning on leaving the country, and Brazilian financial markets have been performing poorly. Plus, the FT’s Tim Bradshaw explains whether Nvidia is on a crash course similar to some of the dotcom darlings from the 2000s tech bubble.
Mentioned in this podcast:
Chinese companies seek assurances from Malaysia over US tariffs
Can Nvidia stay at the heart of the new AI economy?
Wealthy foreigners step up plans to leave UK as taxes increase
Brazilian markets hit by investor worries over Lula’s spending plans
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
India’s AI boom
The EU has devised a legal workaround to sidestep Hungary’s veto on buying weapons for Ukraine, investment vehicles that scoop up risky loans are being launched at a record rate in Europe this year, and agencies representing TikTok’s biggest advertisers are drawing up contingency plans as the US prepares to ban the popular video app. Plus, Amazon and Microsoft are scaling up infrastructure investments for artificial intelligence in India.
Mentioned in this podcast:
EU devises legal loophole to bypass Hungary veto on support for Ukraine
European CLO issuance hits record rate as investors chase yields
India pulls in tech giants for its AI ambitions
TikTok advertisers prepare contingency plans as US ban looms
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Martin Wolf and Fiona Hill on democracy’s year of peril
Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, and in many places, populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. Fiona Hill, who served as senior director for European and Russian affairs on the National Security Council in the Trump White House from 2017 to 2019, tells Martin Wolf about the parallels she sees between Donald Trump and Vladimir Putin, why she believes the US Congress has failed and how she will not be breathing a sigh of relief if President Joe Biden wins in the November polls. Clips: The Times, The Sunday Times, CSpan
Links:
Martin Wolf column: Fascism has changed, but it is not dead
For Martin’s other FT columns click here
This episode is presented by Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Biden’s climate agenda runs out of steam
Americans have inflation and foreign policy on their minds this election. That means that President Joe Biden’s ambitious climate achievements aren’t resonating with voters – especially young voters – the way his administration expected. The FT’s US climate reporter, Aime Williams, and Washington bureau chief, James Politi, join this week’s Swamp Notes podcast to explain why.
Credit: ESPN
Mentioned in this podcast:
How Joe Biden’s climate push fell flat with Gen Z voters
Why Americans are not buying more EVs
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The shifting tectonic plates of UK politics
Credit agencies have misrated more than $100bn of commercial real estate debt, new election polls suggest the UK could be in for a seismic political shift, and the Philippines has been secretly reinforcing a dilapidated warship marooned on a South China Sea reef. Plus, drilling for naturally occurring hydrogen gas was deemed unfeasible, but prospectors now think differently.
Mentioned in this podcast:
Poll predicts Rishi Sunak to lose seat in Tory wipeout
Why we can’t be sure of the size of the Labour swing
How a cigarette sparked a slow-burn search for buried ‘gold’ hydrogen
Philippines secretly reinforces ship at centre of South China Sea dispute
Ratings agencies give high marks to bonds financing defaulted properties
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Bank robberies in Gaza
Hamas-backed militants orchestrate bank heists, the ECB raises alarm over Eurozone debt, Malaysia courts Chinese investment, and Softbank debuts “EmotionCancelling” AI.
Mentioned in this podcast:
Premier Li Qiang’s visit has Malaysia wanting more from China pivot
Armed gangs stage bank heists in Gaza
This episode of FT News Briefing was produced by Josh Gabert-Doyon, Fiona Symon, Persis Love, Mischa Frankl-Duval. Additional help from Sonja Hutson, Kasia Broussalian and Marc Filippino. Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Nvidia claims top spot
Nvidia capitalises on investor excitement over artificial intelligence, Japan’s TDK is claiming a breakthrough in materials used in its small solid-state batteries, and Silicon Valley companies are screening their staff for Chinese spying. Plus, the FT’s Saffeya Ahmed unpacks Shein’s tumultuous journey to go public.
Mentioned in this podcast:
Nvidia vaults past Apple and Microsoft to become world’s most valuable company
Apple supplier TDK claims solid-state battery breakthrough
Behind the Money: The wrinkle in Shein’s IPO plans
Shein switches focus to London after New York IPO stalls
Silicon Valley steps up employee screening over Chinese espionage threat
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Kyra Assibey-Bonsu, Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Mr OpenAI goes to Washington
French business leaders are warming up to France’s far-right and Dubai is trying to optimise a cluster of unique, abandoned islands. Plus, the FT’s Cristina Criddle explains why OpenAI is expanding its global affairs unit.
Mentioned in this podcast:
French businesses court Marine Le Pen after taking fright at left’s policies
OpenAI expands lobbying team to influence regulation
Bill Gross seeks to set record by selling stamp collection for up to $20mn
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Defence sector goes on a hiring spree
Major defence companies are recruiting workers at the fastest rate since the end of the cold war, global leaders were able to reach a consensus on major issues during the G7 summit, and big Chinese companies are turning to the convertible bond market. Plus, investors are flocking to the local currency bonds of one-time emerging market pariahs.
Mentioned in this podcast:
Chinese companies rush to tap US convertible bond market
Frontier emerging markets lure investors back with high yields
G7 threatens China with further sanctions over Russia war support
Global defence groups hiring at fastest rate in decades amid record orders
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Martin Wolf and Raghuram Rajan on democracy’s year of peril
Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries and in many places, populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. But India, the world’s biggest democracy, bucked the trend with Narendra Modi’s relatively weak election victory in June. In the third of this five-part series, the FT’s renowned economics commentator, Martin Wolf, and Raghuram Rajan, former governor of the Reserve Bank of India, discuss the Indian election results and inherent weaknesses of authoritarian styles of government.
Links:
Martin Wolf column: Fascism has changed, but it is not dead
For Martin’s other FT columns click here
This episode is presented by Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Elections across the Atlantic
Margaret Thatcher’s election in 1979 foreshadowed Ronald Reagan’s a year later, and the Brexit vote in 2016 took place just months before Donald Trump’s stunning presidential victory. The FT’s Whitehall editor, Lucy Fisher, and US politics news editor, Derek Brower, join this week’s Swamp Notes to explain why British and American politics often rhyme, and what the phenomenon could mean for upcoming elections in both countries.
Mentioned in this podcast:
Parallel US and UK elections could bring dangers
Nigel Farage’s Reform UK overtakes Conservatives in new opinion poll
From the Political Fix podcast: “the Tories’ ‘kitchen sink’ manifesto”
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The target painted on Chinese EVs
Chinese electric vehicle makers look like they will survive the latest tariffs the EU announced this week, and UK Labour leader Sir Keir Starmer laid out his party’s manifesto. Plus, Toyota is caught up in a scandal. Will it matter during next week’s shareholder meeting?
Mentioned in this podcast:
Japan’s top carmakers caught in widening testing scandal
What the EU’s tariffs on electric vehicles mean for China
Keir Starmer sets out plans to raise £8.6bn in tax at Labour manifesto launch
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Fed lays out rate cut plans
The Federal Reserve held borrowing costs at a 23-year high yesterday, and Terraform Labs has agreed to pay $4.47bn in a case brought by the US Securities and Exchange Commission. Plus, tech companies launch a fight against a proposed California law to introduce a ‘kill switch’ on AI models.
Mentioned in this podcast:
Fed officials signal just one interest rate cut before end of 2024
Silicon Valley in uproar over Californian AI safety bill
US inflation falls to 3.3% in May in boost to markets
Terraform Labs to pay $4.5bn in SEC fraud case
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Central banks are scooping up the US dollar
Shari Redstone has ended talks with Skydance Media over a deal to control Paramount, the number of central banks seeking to increase their exposure to the US dollar has increased sharply this year, the EU plans to put hefty tariffs on Chinese electric vehicles, and the UK Tories' manifesto lays out billions in tax cuts. Plus, the FT’s Christine Murray explains why Mexico's peso slid after president-elect Claudia Sheinbaum proposed reforms.
Mentioned in this podcast:
EU to impose multi-billion euro tariffs on Chinese electric cars
Global central banks plan to increase dollar reserves, survey suggests
Rishi Sunak pledges £17bn in tax cuts to revive Tory election bid
Mexico’s president-elect vows to press ahead with controversial judicial overhaul
Shari Redstone ends talks with Skydance Media over deal to control Paramount
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Victoria Mortimer, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Can Apple catch up in the AI race?
Apple on Monday said it has partnered with OpenAI to integrate ChatGPT into its devices, and private equity groups are snapping up US accounting firms. Plus, President Emmanuel Macron stunned France on Sunday when he called snap parliamentary elections. The FT’s Leila Abboud unpacks what happens next for the country.
Mentioned in this podcast:
Apple partners with OpenAI as it rolls out new artificial intelligence system
Private equity groups poised to own one in three top US accounting firms
Emmanuel Macron gambles on snap French election after Marine Le Pen victory in EU vote
Why Emmanuel Macron went all in against Marine Le Pen
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Far right makes big gains in Europe
Far right parties make significant gains in the European Union elections, opposition politician Benny Gantz has resigned from Israel’s emergency government, and Iranian authorities have disqualified prominent moderates as candidates in the snap presidential election. Plus, global investors are turning their backs on sustainability-focused stock funds.
Mentioned in this podcast:
Far-right parties make significant gains in European parliament elections
Investors pull cash from ESG funds as performance lags
Iran promotes hardliners as presidential candidates
Benny Gantz resigns from Israel government over Gaza
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prarkiti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Martin Wolf and Anne Applebaum on democracy’s year of peril
Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, making this a pivotal year for democracy. But these polls come as populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. In the second of this five-part series, the FT’s renowned economics commentator, Martin Wolf, speaks to the author and journalist Anne Applebaum, who’s witnessed first hand some of the seismic shifts that have taken place in America and Europe. They talk about how the newly elected Polish government is trying to veer the country away from the illiberal path taken by the previous administration, and spell out what’s at stake for the world if Donald Trump wins a second term as US president. Clip: The Guardian
Links:
Martin Wolf column: Fascism has changed, but it is not dead
For Martin’s other FT columns click here
This episode is presented by Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Silicon Valley warms to Trump
Few of Silicon Valley’s biggest names supported Donald Trump in 2016 or 2020. Now, some of them are holding multimillion- dollar fundraisers for him. The FT’s US business and politics correspondent, Alex Rogers, and tech correspondent, Hannah Murphy, join this week’s Swamp Notes to explain why Big Tech is abandoning Joe Biden.
Mentioned in this podcast:
Donald Trump fundraiser latest sign of support in Silicon Valley
Silicon Valley elite warms to Donald Trump
Biden camp hits out at Elon Musk and ‘sucker’ Donald Trump
Sign up for the FT’s Swamp Notes newsletter here
Do you have questions about the US election? Drop us a voice note here and we may play your question on the show!
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The European Central Bank’s cautious first step
The European Central Bank has cut interest rates for the first time in nearly five years, and the European Commission will recommend the start of EU accession talks with Ukraine this month.
Plus, the FT’s Katie Martin explains how optimistic we should be about a revival of the London Stock Exchange.
Mentioned in this podcast:
ECB cuts interest rates for first time in five years
A cautious revival of the London IPO market
Ukraine ready for EU membership talks, Brussels says
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jess Smith, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The split road for South Africa
Nvidia’s market value briefly rose past $3tn to overtake Apple as the world’s second-most valuable company, South Africa’s African National Congress party is considering the formation of a national unity government with rival parties, and UK Prime Minister Rishi Sunak was accused on Wednesday by Sir Keir Starmer of “resorting to lies” over Labour’s tax plans. Plus, a US appeals court has tossed out new rules that would have forced private equity and hedge funds to be more transparent.
Mentioned in this podcast:
Nvidia’s market value powers past $3tn in AI-fuelled rally
Keir Starmer accuses Rishi Sunak of ‘lying’ over Labour £2,000 tax claim
ANC considers national unity government in South Africa
New SEC rules on private funds thrown out by US appeals court
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Opec+’s production conundrum
Gazprom is unlikely to recover gas sales lost as a result of Vladimir Putin’s full-scale invasion of Ukraine for at least a decade, India’s Prime Minister Narendra Modi is set to win a historic third term, job openings, vacancies and quits data provided more evidence of a cooling labour market in the US. Plus, Opec+ might be losing ground in its fight to prop up oil prices.
Mentioned in this podcast:
Gazprom badly hurt by Ukraine war, says company-commissioned report
Narendra Modi set to lose parliamentary majority in shock Indian election result
India election strips Narendra Modi of his ‘aura of invincibility’
US labour market cools in April, relieving pressure on the Fed
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Investors to delivery apps: where’s my profit?
US President Joe Biden is moving to sharply tighten immigration rules at the southern border with Mexico, Indian markets hit record highs after exit polls forecast a landslide election win for Prime Minister Narendra Modi, food delivery apps put new focus on profits despite slower growth following the coronavirus pandemic, and a new podcast from the Financial Times explores the fallout since Qatargate.
Mentioned in this podcast:
Food delivery apps rack up $20bn in losses in fierce battle for diners
Indian markets hit record highs as exit polls forecast Modi victory
Sunak and Starmer set to clash in first UK election leaders’ debate
Untold: Power for Sale. Subscribe or listen on: Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Russia-China pipeline deal stalls
Russia and China are deadlocked over a deal to build a gas pipeline connecting the two countries, far-right parties in Europe are gaining ground with younger voters, technical trouble could hamper Tesla’s upcoming shareholder election, and disagreement at OpenAI over safety and leadership has led to top level resignations.
Mentioned in this podcast:
Russia-China gas pipeline deal stalls over Beijing’s price demands
Internal divisions linger at OpenAI after November’s attempted coup
Tesla’s many international retail investors unable to cast AGM vote
How the far right is winning over young Europeans
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Jess Smith, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Martin Wolf and Robert Kagan on democracy’s year of peril
Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, making this a pivotal year for democracy. But these polls come as populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. In the first of this five-part series, the FT’s renowned economics commentator Martin Wolf tells executive opinion editor Jonathan Derbyshire why he worries about the consequences for the future of democratic institutions. Martin then speaks to Robert Kagan, a neoconservative scholar and a senior fellow at the Brookings Institution in Washington, about what a victory, or defeat, for Donald Trump might mean for the future of US democracy.
Links:
Martin Wolf column: Fascism has changed, but it is not dead
For Martin’s other FT columns click here
Clip: CNBC
This episode is presented by Jonathan Derbyshire and Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
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Swamp Notes: The Trump verdict is in
Former US president Donald Trump was found guilty on 34 felony charges of falsifying business records on Thursday, a first for any current or former American president. However, with the Republican nomination all but secured, the conviction may do little to knock Trump’s reelection campaign off course. The FT’s US managing editor, Peter Spiegel, and US legal correspondent, Joe Miller, join this week’s Swamp Notes to explain why.
Mentioned in this podcast:
Donald Trump found guilty on all counts in ‘hush money’ trial
Trump’s guilty verdict puts America’s political system on trial
Donald Trump is a convicted felon. Will Americans still vote for him?
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown.
Read a transcript of this episode on FT.com
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Donald Trump guilty on all counts
Donald Trump has been found guilty of conspiring to buy the silence of a porn actor and Saudi Arabia is selling roughly $12bn worth of shares in its national oil company Saudi Aramco. Plus, European oil majors are left at a disadvantage in several areas when it comes to M&A.
Mentioned in this podcast:
Donald Trump found guilty on all counts in ‘hush money’ trial
Saudi Arabia to sell $12bn worth of Aramco shares
Why the European oil megamerger has not gushed forth
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Private equity now says sharing is caring
Europe has only a fraction of the air defence capabilities needed to protect its eastern flank, BHP’s £39bn takeover bid for Anglo American has collapsed, and Israel bonds are a hot commodity in US municipalities. Plus, the FT’s Brooke Masters explains why private equity firms are pivoting towards profit sharing.
Mentioned in this podcast:
Nato has just 5% of air defences needed to protect eastern flank
Israel’s borrowing spree reaches Palm Beach as US municipalities pile in
BHP’s £39bn pursuit of Anglo American collapses
Higher rates have changed the game for private equity
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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A pivotal election for South Africa
Hess shareholders approved a controversial takeover bid from Chevron, and South Africans vote today in the most contested election since the end of apartheid,Plus, the FT’s James Kynge argues that China is winning the tech war with the US.
Mentioned in this podcast:
South Africa’s ‘lost leader’ faces the end game
Georgia adopts Russian-inspired ‘foreign agents’ law
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Behind the Money: Berkshire after Buffett
This episode features a truncated version of a recent Behind the Money podcast as it travels to Omaha, Nebraska for Berkshire Hathaway’s annual shareholder meeting. At this year’s event, there’s a lingering question over what will happen once Warren Buffett is no longer at the helm. Buffett has a successor in mind, and we explore the challenges they could face when taking over America’s “last great” conglomerate.
Mentioned in this podcast:
Berkshire after Buffett: prized energy business faces upheaval
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The ECB readies for rate cuts
The European Central Bank looks almost certain to be one of the first major central banks to cut rates, a tense dispute over Guyana is casting a shadow over Chevron’s bid to takeover Hess, and Thames Water pumped 14.2bn litres of sewage into the river Thames last year. Plus, the nuclear power industry is seeking to lure back thousands of retired engineers.
Mentioned in this podcast:
ECB is ready to start cutting interest rates, says chief economist
Blow to $53bn Chevron-Hess deal as investors advised to abstain
Nuclear industry brings back ‘silver tsunami’ of retirees
Thames Water pumped 14bn litres of sewage into Thames in central London in 2023
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Can you trust the polls?
American voters still say the economy is their most important electoral issue, and a growing number are less than pleased with Joe Biden’s economic management. The FT’s deputy Washington bureau chief, Lauren Fedor, and the vice-president of North Star Opinion Research, Jon McHenry, join this week’s Swamp Notes to break down the results of the most recent FT-Michigan Ross poll.
Mentioned in this podcast:
Support for Joe Biden’s economic policies wanes amid inflation fears, FT poll finds
FT-Michigan Ross poll: Biden’s election hopes fall as prices rise again
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown.
CLIPS: @atrupar on X
Read a transcript of this episode on FT.com
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Ukraine’s ‘Rosie the Riveter’ moment
Elon Musk’s xAI has secured new backing from three Silicon Valley venture capital giants, women in Ukraine have increasingly stepped into roles men used to perform before Russia’s full-scale invasion, and the FT’s Soumaya Keynes explains why the UK’s Labour party benefits from being boring.
Mentioned in this podcast:
Elon Musk’s xAI secures new backing from Andreessen Horowitz, Sequoia and Tribe
Ukrainian women wanted in factories as men drafted into army
How large might Labour’s ‘dullness dividend’ be?
Introducing The Economics Show with Soumaya Keynes
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Sunak’s early election gamble
Rishi Sunak has taken a huge gamble by announcing a July 4 election, record sales of artificial intelligence chips sent Nvidia’s revenue soaring 262 per cent in the past quarter Adani Group passed off low-quality coal as far more expensive cleaner fuel in transactions with an Indian state power utility, according to evidence seen by the Financial Times, and the first batch of genetically engineered non-biting mosquitoes will be released in Djibouti on Thursday.
Mentioned in this podcast:
Rishi Sunak calls July 4 UK election
Nvidia’s revenue beats high expectations as AI chip demand climbs
Federal Reserve officials were open to further US rate rises to quell inflation
Adani suspected of fraud by selling low-grade coal as high-value fuel
Djibouti looks to genetically engineered mosquitoes to quell urban malaria wave
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
PwC’s Evergrande audit comes back to bite
UK deputy prime minister Oliver Dowden went on a secret trip to the UAE, PwC is bracing for penalties over its audit of collapsed Chinese property developer Evergrande, and traders are anticipating huge swings in Nvidia shares after the company reports earnings on Wednesday.
Mentioned in this podcast:
UK launches charm offensive with UAE after relations sour
PwC partners brace for Chinese punishment over Evergrande audit
Traders brace for big swings in Nvidia shares
EU trade deficit with China shrinks to lowest level since 2021
Follow Untold: Power for Sale on Apple Podcasts or Spotify
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
ICC weighs stepping into Gaza conflict
The death of Iranian President Ebrahim Raisi has dealt a shocking blow to the Islamic regime, and the public mood in advanced countries remains low as the cost of living crisis keeps households under pressure. Plus, the decision by the chief prosecutor of the International Criminal Court to apply for arrest warrants against Benjamin Netanyahu and Yoav Gallant is a huge setback for Israel.
Mentioned in this podcast:
A crushing blow for Israel and a massive gamble by the ICC
President Ebrahim Raisi’s death deals blow to Iranian regime
Consumer confidence still below pre-pandemic levels despite economic rebound
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Niger’s first oil exports
A helicopter carrying Iranian President Ebrahim Raisi crashed on Sunday, Niger is on the verge of becoming a regional oil major, and western countries are trying to replace a UN body that monitors compliance with international sanctions on North Korea.
Mentioned in this podcast:
Helicopter carrying Iran’s president crashes
Border dispute hinders Niger’s China-built oil pipeline
Russia has stopped UN from monitoring North Korea sanctions. Who is watching Kim?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FTNB Live! News Trivia at FT Weekend Fest
A special live recording of the FT News Briefing at the FT Weekend Festival in Washington, DC on May 4, 2024. Our wonderful colleagues played a friendly game of news trivia. How does your knowledge stack up?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Trading tariffs for votes
Joe Biden once criticised Donald Trump’s trade war with China, but things look a lot different in an election year. The FT’s US climate reporter, Aime Williams, and US financial editor, Brooke Masters, join Swamp Notes to explain why the president announced such sweeping tariffs on Chinese goods this week, and how it could help him win votes.
Mentioned in this podcast:
Why Washington’s new tariffs on Chinese clean tech goods matter
Joe Biden and Donald Trump battle to prove who can be toughest on China
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown.
Read a transcript of this episode on FT.com
CREDIT: CBS News
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It’s all about the dollar
The US Supreme Court rejects an existential legal challenge to the country’s top consumer finance watchdog, a $10bn US property fund is running low on liquidity as investors demand their money back, and Russia and China agree to tighten military ties and deepen their economic partnership after talks in Beijing. Plus, central banks around the world are impatiently waiting for the Federal Reserve to cut interest rates.
Mentioned in this podcast:
US Supreme Court rejects challenge to top consumer finance agency
Vladimir Putin and Xi Jinping vow to co-operate against ‘destructive and hostile’ US
Dangers of dollar nationalism hang over the world economy
Can the strong dollar be tamed?
Starwood’s $10bn property fund taps credit line as investors pull money
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Manuela Saragosa, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The cult-like appeal of Modi
The US inflation report sent stocks to record highs and Slovak Prime Minister Robert Fico was shot on Wednesday. Plus, the FT’s John Reed explains why India’s Prime Minister Narendra Modi is so popular.
Mentioned in this podcast:
US inflation falls to 3.4% in April
Slovak premier Robert Fico shot and injured
Narendra Modi launches candidacy in India’s marathon election
How to understand Modi’s India
CREDIT: Sansad TV
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Breen Turner, Jyotsna Singh, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Will investors buy Anglo American’s break-up plan?
The Biden administration is encouraging Arab states to participate in a multinational force that could deploy in Gaza once the war ends, Anglo American plans to thwart BHP’s £34bn takeover bid by breaking itself up, and the US is sharply raising tariffs on Chinese imports from electric vehicles to solar cells. Plus, Singapore’s new prime minister has his work cut out.
Mentioned in this podcast:
US encouraging Arab states to join multinational postwar force in Gaza
Anglo American plans break-up to thwart £34bn BHP bid
US sharply raises tariffs on Chinese EVs and semiconductor imports
Lawrence Wong, Singapore’s next PM faces an ever trickier balancing act
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Indonesia’s nickel is a gold mine
The carmaker behind Fiat and Peugeot is in talks to invest in Indonesian nickel, the meme-stock movement came back to life, and Chinese authorities have kicked off plans to sell $140bn of long-dated bonds to stimulate the economy. Plus, what Russia’s new defence minister means for the country’s war effort
Mentioned in this podcast:
GameStop soars in meme stock flashback as ‘Roaring Kitty’ reappears
Who is Andrei Belousov, Russia’s new defence minister?
Stellantis in talks with Vale to invest in Indonesian nickel smelter
China fires starting gun on $140bn debt sale to boost economy
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Rishi Sunak tries to rally Conservatives
UK Prime Minister Rishi Sunak tries to revive Conservative morale with a speech in London, four Chinese generative artificial intelligence start-ups have been valued at more than $1bn in the past three months, and US shale oil companies are under the spotlight over allegations of manipulating prices. Plus, the frontrunner in Mexico’s presidential election is promising more of the same.
Mentioned in this podcast:
Rishi Sunak to warn Britain ‘at a crossroads’ as he readies Tories for election
US shale companies accused of collusion over oil price
Four start-ups lead China’s race to match OpenAI’s ChatGPT
Mexico’s presidential frontrunner defends sweeping legal reforms
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: The Fed’s political pressures
The US Federal Reserve is fiercely independent, but that doesn’t mean politicians always treat it that way. The FT’s US national editor, Edward Luce, and acting US economics editor, Claire Jones, join this week’s Swamp Notes to explain how the central bank’s policy could affect the economy and therefore have an impact on the election result. Plus, why a second term for Donald Trump could put pressure on the Fed to play politics.
Mentioned in this podcast:
Jay Powell’s dilemma: the US economy is too strong to cut rates
Global inflation and interest rates tracker: see how your country compares
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown.
CREDIT: US Federal Reserve
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Pandemic winners turned losers
Anglo American’s crucial South African shareholders are open to a takeover offer from BHP, Nippon Steel has vowed to push ahead with its $14.9bn acquisition of US Steel, and China’s President Xi Jinping has hailed Hungary as one of Beijing’s most important strategic partners. Plus, most pandemic corporate winners have turned into post-pandemic losers.
Mentioned in this podcast:
Anglo American’s South Africa investors open to improved BHP bid
Nippon Steel predicts ‘calmer discussions’ with unions after US presidential election
Xi Jinping upgrades China’s ties with Hungary to ‘all-weather’ partnership
Pandemic-era winners suffer $1.5tn fall in market value
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Singapore wants to shake up its stock market
Shares in Arm drop after it reports lacklustre revenue projections, Singapore is studying proposals to shake up its struggling stock market, EU countries have agreed to use an estimated €3bn in profits from Russia’s frozen state assets to buy weapons for Ukraine, and a newly expanded pipeline in Canada breathes life into the oil industry. Plus, hedge fund manager Sir Paul Marshall has lost a legal battle with the South African government over shipwrecked treasure.
Mentioned in this podcast:
Arm shares drop as revenue forecast falls short despite AI boom
Singapore battles to revive struggling stock market
EU agrees to arm Ukraine using profits from Russian state assets
Canada’s oil industry cuts reliance on US market as pipeline expands
Hedge fund boss Paul Marshall loses case over silver salvaged from shipwreck
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Israel moves into Rafah
Reddit's first-quarter earnings as a listed company surpass expectations, Israel threatened to expand its military operation in Rafah, and TikTok filed a lawsuit against the US government to block a potential ban of the social media app. Plus, global trade growth is set to more than double this year as inflation eases and a booming US economy helps drive activity.
Mentioned in this podcast:
US revokes licences for supply of chips to China’s Huawei
TikTok challenges divest-or-ban bill in US court
Israel threatens to expand Rafah operation as US struggles to revive talks
Global trade growth set to more than double this year
US revokes licences for supply of chips to China’s Huawei
Reddit soars 16% after beating Wall Street estimates in first post-IPO quarter
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Paramount’s a long way from its peak
SoftBank is leading an investment of more than $1bn into a UK self-driving car start-up, and poppy and marijuana farming money is disappearing from rural areas as traffickers shift to synthetic drugs. Plus, the FT’s Anna Nicolaou explains the rival bids to buy Paramount.
Mentioned in this podcast:
SoftBank leads $1bn funding for UK artificial intelligence group Wayve
El Chapo’s opium heartland bereft as Mexico cartels embrace fentanyl
Shari Redstone, a media scion weighing the future of her ravaged empire
James Cameron and Ari Emanuel back Skydance bid for Paramount
Brussels seeks to ban Russian funding of European politicians
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Xi’s balancing act with Europe
Warren Buffett said Greg Abel should have the final decision on investments at Berkshire Hathaway, the US and Europe disagree on how to manage Russia’s frozen assets, and Chinese President Xi Jinping visits Europe. Plus, college students in the US are calling for their universities to divest from Israel, but it’s not that simple.
Mentioned in this podcast:
Bonhomie and hardball: Xi Jinping visits Europe to avert trade war
The clash over whether to commandeer Russia’s frozen assets
Divestment is not as easy as it may seem
Berkshire Hathaway’s cash pile hits record as Buffett cuts stake in Apple
Buffett lays out expansive role for successor Greg Abel at poignant Berkshire AGM
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: The uproar at American universities
Student-led protests against Israel’s war in Gaza have spread across the US in recent weeks, with demonstrators building tent encampments on university grounds, and even storming university buildings. The FT’s Washington bureau chief, James Politi, and FT New York correspondent, Joshua Chaffin, join this week’s Swamp Notes to explain why the protests could hurt President Joe Biden’s re-election chances.
Mentioned in this podcast:
New York police storm Columbia University and arrest pro-Palestinian protesters
Police raid UCLA protest camp as clashes over Gaza spread across US
Sign up for the FT’s Election Countdown newsletter here
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor, Kasia Broussalian and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown.
CREDIT: NBC News New York, X/@JaunMaBenitez, X/@AnthonyCabassa_, PBS NewsHour
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The murky moves behind the yen
Apple’s revenue fell 4 per cent in the first three months of 2024, Japan apparently intervened several times this week to support the yen, and US regulators have accused the former boss of the largest US shale oil producer of trying to collude with the Opec cartel. Plus, Europe solved its Russian gas problems in the short term, but created long-term problems.
Mentioned in this podcast:
Apple’s revenue weighed down by falling China sales
Japanese government spent $35bn to prop up yen, BoJ figures suggest
Japan is haunted by a return to emerging-economy status
FTC accuses ex-Pioneer boss of seeking to collude with Opec
How Europe solved its Russian gas problem
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Higher rates for even longer (and longer)
The Federal Reserve has signalled that US borrowing costs are likely to remain higher for longer, and cruise operator Viking Holdings rose on its market debut. Plus the FT’s Owen Walker explains what the exit of HSBC chief executive Noel Quinn means for the bank’s China strategy.
Mentioned in this podcast:
Federal Reserve signals that interest rates will remain higher for longer
Cruise line Viking rises after launching year’s second-largest US IPO
What triggered Noel Quinn’s shock exit from HSBC
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Private equity’s green thumb
Strong sales at Amazon’s cloud computing division helped the Big Tech giant beat analyst estimates for revenue and profit, private capital is playing a growing role in the green energy transformation, and foreign carmakers are teaming up with Chinese technology groups to compete in the local market.
Mentioned in this podcast:
Amazon’s strong cloud sales help power revenue gains
Can private equity accelerate the green transition?
Jeremy Hunt warns FCA against ‘naming and shaming’ business
‘Everything has changed’: foreign auto groups embrace local technology in China
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Scotland’s first minister resigns
Humza Yousaf is resigning as Scotland’s first minister, and WeWork’s senior creditors are poised to take control of the reorganised co-working space provider. Plus, an Africa-focused venture capital firm has steered one of the region’s biggest fundraising efforts of the past five months.
Mentioned in this podcast:
Humza Yousaf quits as Scotland’s first minister
WeWork agrees restructuring deal that shuts out Adam Neumann’s comeback bid
Africa-focused fund draws early investors to tech industry
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Big Tech investors question AI pay-off
Financial companies scramble to rework contracts after US Federal Trade Commission rule bans non-compete agreements, the largest western banks that remain in Russia paid the Kremlin hundreds of millions of euros in taxes last year, and Turkey is in talks with the US energy supermajor ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas. Plus, the message from Big Tech companies to investors about when AI will be profitable: be patient.
Mentioned in this podcast:
Ban on non-compete agreements sends shockwave across Wall Street
Microsoft and Alphabet enjoy AI-powered gains from cloud divisions
Question of pay-off from AI hangs over Big Tech earnings
Western banks in Russia paid €800mn in taxes to Kremlin last year
Turkey in talks with ExxonMobil over multibillion-dollar LNG deal
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: The Supreme Court weighs presidential power
The US Supreme Court set out to answer a big constitutional question on Thursday: can a president be charged for potential crimes committed while in office? The FT’s Washington bureau chief, James Politi, and US legal and enforcement correspondent, Stefania Palma, join this week’s Swamp Notes to explain why the answer could determine the outcome of Donald Trump’s federal trials and the future of the American presidency.
Mentioned in this podcast:
US Supreme Court debates limits of presidential immunity in Donald Trump appeal
Donald Trump prepares his final pitch on presidential immunity
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
CREDIT: CNN
Read a transcript of this episode on FT.com
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A mining industry mega-deal
Microsoft beat expectations for revenue and cloud sales, Alphabet shares rise by double-digits after first-quarter earnings beat expectations, markets are no longer fully confident of a US interest rate cut before September, and the EU is turning to draconian tactics to curb migration. Plus, a merger between mining giants BHP and Anglo American could get investors excited about the industry again.
Mentioned in this podcast:
Alphabet shares surge past $2tn after search giant unveils first ever dividend
Microsoft’s revenue and cloud sales beat expectations
Biden dealt blow as investors scale back bets on pre-election rate cut
Why is BHP bidding for Anglo American?
BHP proposes £31bn takeover of Anglo American in mining mega-deal
How Europe is paying other countries to police its borders
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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What new US aid means for Ukraine
Meta’s revenues jumped by more than a quarter in the first three months of the year, Brussels raided the offices of a Chinese security equipment supplier, and earnings from Boeing reflected a slowdown of 737 Max production and compensation to customers. Plus, weapon shipments are heading to Ukraine after President Joe Biden signed a highly anticipated $95bn foreign aid bill.
Mentioned in this podcast:
Meta shares fall as it predicts higher expenditure on AI
EU conducts ‘dawn raid’ on Chinese security equipment supplier
Pentagon rushes $1bn in weapons to Kyiv after Biden signs aid bill
Joe Biden tells Volodymyr Zelenskyy US weapons will arrive ‘quickly’
Boeing burns through $4bn in first quarter after door plug blowout
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Spotify grows up
Tesla reported a 9 per cent decline in first-quarter revenue, Spotify kicked off a more mature era for its business after years of freer spending, and the US Federal Trade Commission banned non-compete clauses for employees. Plus, international investors have rushed into Egypt’s debt after the most populous Arab nation secured a $55bn bailout.
Mentioned in this podcast:
Tesla revenue declines in first quarter as vehicle sales slow
Spotify hits record quarterly profit as it enters ‘new phase’
US FTC bans non-compete agreements
Demand for Egyptian debt surges after $55bn bailout and investment package
Latin American cocoa farmers rush to expand planting as prices spike
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Katya Kumkova, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Taking the Byte out of TikTok
The New York Stock Exchange is polling market participants on the merits of trading stocks around the clock, ByteDance ready to ‘move to the courts’ after the US pushes ahead with a bill demanding the Chinese parent sell its viral app in the country, and traders have built up bets that the Federal Reserve could actually raise interest rates. Plus, Goldman Sachs has relocated its head of financial institutions group for Europe from London to Paris.
Mentioned in this podcast:
Goldman Sachs moves senior banker to Paris in post-Brexit revamp
TikTok gears up for legal fight in US to prevent ban
Investors price in growing chance of further Fed rate rises
New York Stock Exchange tests views on round-the-clock trading
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Beijing bets on manufacturing
Tesla shareholders are bracing for the carmaker’s worst earnings performance in seven years, oil markets have remained steady as Middle East tensions rise, and China’s first-quarter GDP shows the effects of President Xi Jinping’s bet on manufacturing.
Mentioned in this podcast:
Tesla shareholders braced for worst results in 7 years
Why oil prices remain steady even as Middle East tensions escalate
Covid vaccine makers to clash in London over mRNA patent dispute
China warns west of ‘survival of the fittest’ as manufacturing boosts economy
Parisians struggle to cash in on Olympic Games rentals
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: How do you win Pennsylvania?
Both Donald Trump and Joe Biden made campaign stops last week in Pennsylvania, whose 19 electoral votes could decide the outcome of the 2024 election. But in a state with such a range of demographic groups, how can each find a message that will stick? The FT’s deputy Washington bureau chief, Lauren Fedor, and US political editor Derek Brower join to discuss. Credit: The Independent, The Times and the Sunday Times
Mentioned in this podcast:
Joe Biden’s speech to steel workers underscores union’s burgeoning influence
Joe Biden calls for tripling of tariffs on Chinese steel
Josh Shapiro warns Joe Biden gas stance could hurt election hopes
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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Big business bets on Modi
Netflix profits surged during the first quarter, global markets had a rocky week due to worries over US inflation, and India’s prime minister is getting a big boost from the business class in his re-election campaign.
Mentioned in this podcast:
Netflix profits surge on strong subscriber growth
The great bet on rate cuts is off
European stocks suffer worst day in nine months
US to grow at double the rate of G7 peers this year, says IMF
Jay Powell says US inflation ‘taking longer than expected’ to hit target
Businesses bank on Narendra Modi election win to ease India’s bottlenecks
Luxury automakers hit by Korea’s new neon green licence plate rule for company cars
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Cara Shillenn, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
AI’s electricity problem
Iran is exporting more oil than at any time for the past six years, EU leaders are debating whether to unify the bloc’s fragmented capital markets, and the IMF warns that the US’s massive fiscal deficit poses significant risks to global markets. Plus, artificial intelligence needs an abundance of electricity to run, but the world is struggling to generate it.
Mentioned in this podcast:
Iran oil exports hit 6-year high as west prepares sanctions
Majority of EU states object to capital markets reform push
US deficit poses ‘significant risks’ to global economy, warns IMF
Booming AI demand threatens global electricity supply
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Cara Shillenn, Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A glow-up for China’s state-owned enterprises
Andreessen Horowitz hauls in one of the largest funds since the downturn in the tech sector, stocks from China’s state-owned enterprises are faring well compared with the wider market, and the IMF says that the US is on track to grow at double the rate of any other G7 country this year. Plus, a full-scale conflict has depleted Ukrainian defences. Israel could face a similar plight despite the weekend’s successful interceptions.
Mentioned in this podcast:
Andreessen Horowitz raises $7.2bn and sets sights on AI start-ups
Beijing reforms unloved state-owned enterprises to win back investors
US to grow at double the rate of G7 peers this year, says IMF
Ukraine’s air defence struggle shows risks to Israel
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Katya Kumkova, Josh Gabert-Doyon, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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CVC hopes third time’s the charm
Goldman Sachs surpasses profit estimates by almost $1bn, CVC’s revived listing plan follows years of internal discord over whether the PE firm should go public, and Tesla is laying off 10% of its global workforce. Plus, the FT’s Michael Stott explains why the Darién Gap has become an important migration route for people heading towards the US.
Mentioned in this podcast:
Goldman Sachs traders help fuel 28% profit increase
Goldman Sachs knows what fits it best — plenty of deals
Tesla to cut 10% of global workforce
The migrant highway that could sway the US election
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Israel debates retaliation against Iran
US lawmakers face new pressure to approve military aid for Israel, and Tianqi Lithium’s strategy is at risk as Chilean President Gabriel Boric’s government works to take back control of resources. Plus, depositors put pressure on big US banks.
Mentioned in this podcast:
Net interest income may have peaked for Wall Street banks
China’s Tianqi Lithium’s $4bn bet on Chile at risk of backfiring
Israel weighs response to unprecedented attack by Iran
Pressure mounts on US lawmakers to approve new aid for Israel
Credit: NBC
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: What’s the Republican party’s position on abortion?
Donald Trump championed the reversal of Roe vs Wade. He even called himself the “most pro-life president” in US history. But with voters outraged by abortion restrictions, Trump and other Republicans are staking out a new position on the issue. The FT’s global business columnist, Rana Foroohar, and Washington bureau chief, James Politi, join to explain why.
Mentioned in this podcast:
Arizona court bans almost all abortions in Trump-Biden swing state
Donald Trump says abortion law should be left to states
Sign up for the FT’s Swamp Notes newsletter here
Tell us what you’re thinking about the US election!
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
CREDIT: Forbes Breaking News
Read a transcript of this episode on FT.com
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Prime money markets funds are in trouble
Three more US regulators have opened probes into Morgan Stanley, managers are planning to shut or convert US prime money market funds ahead of new regulations, and the European Central Bank held interest rates steady. Plus, sanctioned Russian oligarchs got a big win in a top EU court.
Mentioned in this podcast:
EU’s sanctions regime in turmoil after oligarchs win legal battle
Managers to shut or convert $220bn of US money market funds before rule change
US allies urge Iran not to retaliate against Israel
European Central Bank holds interest rates at 4% in contested decision
Register for our FTWeekend Festival in the US!
Promo code for 10% off tickets: weekendpodcast
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Higher for even longer
Traders slashed bets on Federal Reserve interest rate cuts, the US audit regulator issued its biggest fine ever against KPMG, and the UK’s Lloyds Banking Group plans to cut jobs in risk management after an internal review found the function was a “blocker to our strategic transformation”.
Mentioned in this podcast:
Markets slash rate cut bets after US inflation rises to 3.5%
Investors lose hope of rapid US interest rate cuts this year
KPMG fined $25mn over exam cheating scandal at firm’s Dutch arm
Lloyds Bank axes risk staff after executives complain they are a ‘blocker’
Register for our FTWeekend Festival in the US!
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Cara Shillenn, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Ecuador’s ‘unprecedented’ Mexican embassy raid
OpenAI and Meta are on the brink of releasing new artificial intelligence models, police in Ecuador stormed the Mexican embassy to arrest the former vice-president, and big investors are selling US Treasuries and buying European government bonds. Plus, Australia is trying to boost its manufacturing sector to protect against supply chain disruptions.
Mentioned in this podcast:
OpenAI and Meta ready new AI models capable of ‘reasoning’
Ecuador’s president displays strongman credentials with Mexico embassy raid
Big investors buy European bonds over US as economies diverge
‘Made in Australia’ drive aims to shift economy from ‘world’s quarry’ label
Register for our FTWeekend Festival in the US!
Promo code for 10% off tickets: weekendpodcast
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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TSMC doubles down on Arizona
The US, UK and Australia on Monday said they were considering working with Japan in the trilateral Aukus security pact, the world’s biggest chipmaker will build cutting-edge facilities in Arizona in exchange for billions of dollars in subsidies, and the Environment Agency for England and Wales is allocating £11mn collected in fines against water companies, to environmental restoration projects.
Mentioned in this podcast:
TSMC boosts Joe Biden’s AI chip ambitions with $11.6bn US production deal
US, UK and Australia say Japan could join part of Aukus pact
Regulator seeks to quell public anger on UK water with £11mn restoration fund
Register for our FTWeekend Festival in the US!
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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AI is coming for Google’s search
Israel moves some of its troops from southern Gaza to prepare for an operation in the city of Rafah, Google is considering charging for AI-powered search, and European defence companies are worried about their reliance on China for a critical component in gunpowder for ammunition. Plus, global stock market concentration has risen to its highest level in decades.
Mentioned in this podcast:
Israel says it has pulled out of Khan Younis to prepare for move on Rafah
European defence groups warn over reliance on Chinese cotton used in gunpowder
How Google lost ground in the AI race
Google considers charging for AI-powered search in big change to business model
Global dominance of biggest stocks rises to highest in decades
Register for our FTWeekend Festival in the US!
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swamp Notes: Inside Trump’s new inner circle
Donald Trump’s first term as president featured mainstream Republican figures — respected military officials, centre-right policymakers, and neoliberal business leaders — who promised to temper his more extreme instincts. But if Trump takes office again, his White House could feature a very different cast of characters. The FT’s Washington bureau chief, James Politi, and deputy Washington bureau chief, Lauren Fedor, join this week’s Swamp Notes to discuss what a second Trump White House would look like.
Mentioned in this podcast:
The Trump machine: the inner circle preparing for a second term
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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Pressure builds for early elections in Israel
The supply of equity shares on the market is shrinking, more people in Israel are calling for early elections, and Prague says Russia is mounting cyber attacks on railway systems throughout Europe. Plus, a new plan to give a boost to Africa’s agriculture.
Mentioned in this podcast:
Benny Gantz calls for early elections in Israel
Israelis hold biggest rally against Netanyahu since start of Gaza war
Can Africa one day help feed the world’s growing population?
Global equity supply falls at fastest pace in decades
Russia is trying to sabotage European railways, warns Prague
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Tesla dip: blip or bust?
Lower than expected eurozone inflation number bolsters expectations of ECB interest rate cuts by summer, People’s Liberation Army mobilisation units reflect Xi Jinping’s focus on security, Tesla faces a tough moment, and big investors line up behind management at Disney.
Mentioned in this podcast:
Eurozone inflation falls to 2.4% in March
Chinese companies revive Mao Zedong-era militias
Where Tesla departs from the Mag 7
The big worry for carmakers: what if the EV slowdown is not a blip?
Bob Iger defeats Nelson Peltz by wide margin in Walt Disney board clash
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Michela Tindera, Cara Shillenn, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
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Thames Water hits the gutter
Nato is trying to ‘Trump-proof’ funding for the war in Ukraine, Thames Water’s owners will start urgent restructuring talks, and birth rates are declining despite wealthy countries investing in family- friendly policies.
Mentioned in this podcast:
Thames Water owners to begin urgent restructuring talks
Why family-friendly policies don’t boost birth rates
Nato plans $100bn ‘Trump-proof’ fund for Ukraine
Southern growth spurt creates two-speed eurozone economy
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Michela Tindera, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US and UK team up to study AI
Three senior members of Iran’s Revolutionary Guards were killed on Monday in an air strike, research institutes in the US and UK will work together to mitigate the risks of AI, and Robinhood gets into the credit card business.
Mentioned in this podcast:
Iran accuses Israel of killing general in strike on Damascus consulate
US and UK sign landmark agreement on testing safety of AI
Beyond memes: Robinhood seeks to broaden its appeal
Sign up for the FT Alphaville pub quiz!
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
EU takes on fake news ahead of elections
Online fake news and hybrid campaigns increase ahead of European elections, investors are concerned about President Lula’s interventions in the economy, and China’s factory activity has expanded for the first time in six months.
Mentioned in this podcast:
Europe battles ‘avalanche of disinformation’ from Russia
Luiz Inácio Lula da Silva steps up interventions in Brazil’s largest companies
China’s factory activity adds to signs of recovery
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Sam Bankman-Fried gets 25 years in prison
FTX founder Sam Bankman-Fried was sentenced to 25 years in prison for his role in the collapse of the cryptocurrency exchange, and Thames Water shareholders might take a big financial hit. Plus, what instant noodles can tell us about the economy.
Mentioned in this podcast:
Thames Water shareholders signal readiness to take £5bn hit
FTX founder Sam Bankman-Fried sentenced to 25 years in prison for fraud
Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge
Oodles of noodles: how a global favourite became an economic red flag
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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A new day dawns for the yen
The end of negative interest rates in Japan threatens to bring a new era of volatility for the yen, and Florida and Disney resolve a legal dispute. Plus, US small-cap stocks are suffering their worst run of performance relative to large companies in more than 20 years.
Mentioned in this podcast:
End of negative interest rates in Japan raises threat of yen volatility
US small-caps suffer worst run against larger stocks in over 20 years
Disney settles lawsuit in Florida theme-park dispute
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Trump’s Truth Social hits the Nasdaq
Shares in Donald Trump’s social media business soared following its New York market debut, and Visa and Mastercard have agreed to cut their US transaction fees. Plus, UBS needs to boost its wealth business to make its Credit Suisse acquisition a success.
Mentioned in this podcast:
Donald Trump has $4.6bn stake in social media group after market debut
Visa and Mastercard agree $30bn settlement over US transaction fees
Can UBS become Europe’s Morgan Stanley?
In German groceries, even computers have to obey century-old ban on Sunday work
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Why Russia was caught off guard
The UN Security Council passed a resolution demanding a ceasefire in Gaza, the Ukraine war distracted Russian security forces from addressing Islamist terrorism threats, and Boeing chief executive Dave Calhoun plans to step down at the end of the year. Plus, the FT’s Antoine Gara explains how infrastructure went from an investment backwater to a $1tn asset class.
Mentioned in this podcast:
How Ukraine war distracted Moscow from Isis-K threat
Infrastructure: from investment backwater to a $1tn asset class
Israel cancels Washington visit after UN resolution demands Gaza ceasefire
Boeing CEO Dave Calhoun to step down as company battles safety concerns
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Kyra Assibey-Bonsu, Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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India’s quid pro quo trade strategy
US and Japan’s security alliance gets a makeover, a record amount of money has flooded into US corporate bond markets this year, and India is using a ‘quid pro quo’ strategy for trade talks.
Mentioned in this podcast:
US and Japan plan biggest upgrade to security pact in more than 60 years
Investors pour money into US corporate bond funds at record rate
India’s ‘quid pro quo’ strategy for trade talks
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swamp Notes: Is Maga good for Biden?
Democrats have honed in on a novel campaign strategy over the past few election cycles: elevate Trump-backed candidates in GOP primaries, and then blow past them in general elections. So far, the strategy has mostly paid off, but will this risky gamble work in 2024? The FT’s deputy Washington bureau chief, Lauren Fedor, and US managing editor, Peter Spiegel, join to discuss. Credit: Associated Press, WCPO-9
Mentioned in this podcast:
Donald Trump-backed US Senate candidate clinches Republican nomination in Ohio
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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US prosecutors take a bite out of Apple
Reddit shares soared during its public market debut, US prosecutors filed a landmark antitrust lawsuit against Apple, and the FT’s Sujeet Indap explains why Hertz’s pivot to electric vehicles went awry.
Mentioned in this podcast:
US accuses Apple of building smartphone market monopoly in antitrust case
How Hertz’s bets on Tesla and a Goldman veteran veered off course
Social media site Reddit soars 48% in New York IPO
Get 40% off a digital FT subscription: ft.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Kyra Assibey-Bonsu, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Why inflation is sticking around
The west is focusing on new technology in nuclear energy to reduce reliance on Russia and carbon, and profits at Chinese ecommerce group PDD Holdings soared 146% in three months to December. Plus, price rises in services in the US are making the Federal Reserve’s decision-making over interest rates more complicated.
Mentioned in this podcast:
Macron to revive demands for European defence bonds
Security concerns fuel nuclear energy renaissance
Has inflation stopped falling?
Temu-owner PDD doubles revenues to cap ‘pivotal’ year
Get 40% off a digital FT subscription: ft.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Bank of Japan ditches negative rates
Microsoft has hired the co-founder of Google’s DeepMind, the Bank of Japan raised interest rates for the first time since 2007, and leading European and UK artificial intelligence start-ups have been lobbied to move their headquarters to rival nations.
Mentioned in this podcast:
Microsoft hires DeepMind co-founder Mustafa Suleyman to run new consumer AI unit
Bank of Japan ends era of negative interest rates
Unilever to split off ice cream business and cut 7,500 jobs
Rival nations seek to poach top UK and European AI start-ups
Get 40% off a digital FT subscription: ft.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
What Putin’s victory means for Russia
Nvidia announced a new “superchip” and Vladimir Putin’s expected electoral victory is an inflection point for Russia. Plus, the FT’s Heba Saleh explains why young people in Gaza are being called the lost generation.
Mentioned in this podcast:
Nvidia unveils new ‘superchip’ in push to continue dominance of AI market
Vladimir Putin cements Russian rule for another six years
The lost future of young Gazans
Get 40% off a digital FT subscription: ft.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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It’s central bank week!
Central banks take centre stage this week, Benjamin Netanyahu defies western allies over his strategy in Gaza, and the US National Labor Relations Board is facing challenges from some major companies. Plus, after years of negative news surrounding South Africa, there are grounds for medium-term optimism.
Mentioned in this podcast:
US labour watchdog attracts enemies from Amazon to SpaceX
The bullish case for South Africa
Benjamin Netanyahu defies western allies over Gaza strategy
Central bankers take centre stage
Get 40% off a digital FT subscription: ft.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: The play for union power
Union workers used to be a reliable pillar of the Democratic party’s voting coalition. Then Donald Trump arrived on the scene. The FT’s global business columnist, Rana Foroohar, and US labour and equality correspondent, Taylor Nicole Rogers, join this week’s Swamp Notes to examine how President Joe Biden is trying to win workers back, and why unions may decide November’s election.
Mentioned in this podcast:
America’s most powerful union leaders have a message for capital
Union workers score big pay gains as labour action sweeps US
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
CREDIT: UAW
Read a transcript of this episode on FT.com
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Can Telegram clean up its act?
The UAE is in talks to invest in OpenAI’s chip- making business and an Uber courier makes an app to fight against the company’s algorithms. Plus, a look at how the encrypted messaging app Telegram has become both an important news source and a hotbed of criminal activity.
Mentioned in this podcast:
Abu Dhabi in talks to invest in OpenAI chip venture
Telegram: social media giant or the new ‘dark web’?
The delivery rider who took on his faceless boss
Pre-Order: ‘Code Dependent’ by Madhumita Murgia
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Ukraine strikes targets deep in Russia
Far-right firebrand Geert Wilders has conceded he will not become prime minister of the Netherlands, Ukraine has stepped up drone strikes on oil refineries deep inside Russia, and a bill to ban TikTok in the US passed the House of Representatives. Plus, Nigeria is in the middle of a currency crisis and the government is blaming Binance for a lot of it.
Mentioned in this podcast:
Geert Wilders announces he will not be PM
Ukraine strikes oil refineries deep inside Russia
US House votes through bill to ban TikTok
Nigeria pushes Binance for user data in stand-off over naira speculation
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The surprise winner of the US-China chip wars
The EU and US found some stop-gap funding for weapons for Ukraine, China is scrapping a number of infrastructure projects in indebted regions, and US inflation ticked up unexpectedly. Plus, tension between Beijing and Washington over access to technology has prompted many companies to open factories in south-east Asia.
Mentioned in this podcast:
EU and US find stop-gap funding for Ukraine weapons
China’s treatment of local debt ‘ulcer’ threatens growth target
US inflation rises to 3.2% in February
Malaysia: the surprise winner from US-China chip wars
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Breen Turner, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Reddit hits the road ahead of IPO
Reddit’s public offering could set the tone for start-ups looking to list in 2024, and the EU wants to give Ukraine up to €3bn. Plus, there are new plans to deliver aid to Gaza to help the enclave avoid famine.
Mentioned in this podcast:
Brussels aims to fast track up to €3bn for Ukraine from frozen Russian assets
Reddit aims to raise more than $500mn in IPO
EU ministers approve ‘status quo’ rules for gig economy workers
Can ships carrying aid help avert famine in Gaza?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
What we learned from the collapse of SVB
America’s regulators say new rules will help maintain the dominance of US Treasuries, and there are still weaknesses in regional banking a year after the failure of Silicon Valley Bank. Plus, a new Bain & Co report reveals that private equity groups are sitting on a record of unsold assets.
Mentioned in this podcast:
The radical changes coming to the world’s biggest bond market
Number of weak US banks jumps as NYCB stabilised on $1bn capital raise
Dealmaking slowdown leaves private equity with record unsold assets
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Saffeya Ahmed, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Did Biden's State of the Union hit the mark?
Joe Biden was in the spotlight this week as he made his annual State of the Union address. It was his chance to not only speak directly to the American people, but also prove that he’s up to the task of campaigning for re-election. So how did he do? The FT’s US national editor and columnist, Edward Luce, and Washington reporter, Steff Chávez, join us to discuss.
Mentioned in this podcast:
Joe Biden just kicked off his re-election campaign
Biden attacks Trump in fiery State of the Union speech
Sign up for the FT’s Swamp Notes newsletter here
US Election Countdown newsletter
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
CREDIT: PBS, ABC News
Read a transcript of this episode on FT.com
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A look at Temu’s murky business model
Instagram overtook TikTok in new app downloads last year, US President Joe Biden announced a plan to set up a port on the coast of Gaza to help facilitate aid delivery to the enclave, and a huge corruption case in Vietnam has captured the country’s attention. Plus, the FT’s Dan McCrum unpacks the mystery behind how Temu took over the retail world. Credit: Temu
Mentioned in this podcast:
Trial begins for Vietnamese property tycoon accused of $12bn fraud
The mysterious rise of the Chinese ecommerce giant behind Temu
US plans to establish port on Gaza coast to step up aid deliveries
Instagram overtakes TikTok in app downloads in race for new users
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Is private equity actually worth it?
Bayer chief executive Bill Anderson has ruled out a fresh capital increase and Ghana’s finance minister is concerned that the country’s new anti-LGBT+ law will put its international funding at risk. Plus, the FT’s Robin Wigglesworth examines whether private equity is a good fit for Norway’s sovereign wealth fund.
Mentioned in this podcast:
Bayer chief rules out capital increase as investors slam turnaround plan
Is private equity actually worth it?
Anti-LGBT+ law puts Ghana’s IMF and World Bank funding at risk, finance ministry warns
Nikki Haley ends White House bid but does not endorse Donald Trump
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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China hopes for a big economic rebound
Chancellor Jeremy Hunt will on Wednesday put a £10bn personal tax cut at the heart of his Budget, and China is setting a 5 per cent growth target for this year. Plus, the FT’s Michael Stott sat down with Argentina’s president Javier Milei to talk about the country’s economy. Credit: AP
Mentioned in this podcast:
Jeremy Hunt set to cut national insurance by 2p in UK Budget
Argentina’s Javier Milei says he doesn’t need congress to save the economy
China sets ‘ambitious’ 5% growth target and flags risks to economy
Singapore defends exclusive deal for Taylor Swift concerts in south-east Asia
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The politics behind the UK Budget
Gold prices have surged close to record levels, and the EU has fined Apple €1.8bn as it boosts its fight against Big Tech. Plus, the FT’s Sam Fleming explains whether the Conservatives planned tax cuts will actually affect the outcome of the upcoming UK election.
Mentioned in this podcast:
Apple hit with €1.8bn fine for breaking EU law over music streaming
Will Big Tech agree to play by Europe’s rules?
The hard Budget choices facing a cash-strapped UK
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Hosted on Acast. See acast.com/privacy for more information.
Cracks widen in Israel’s war cabinet
China has pledged “computing vouchers” to subsidise its AI startups, Bayer is still struggling to move past its Roundup woes, and an Israeli senior minister visits the White House. Plus, Warren Buffett is sounding the alarm over wildfires and the utilities industry.
Mentioned in this podcast:
Buffett sounds wildfire alarm as utilities industry enters new era
Bayer slashes dividend by 95% as it steps up effort to cut debt
Bayer’s struggling Roundup court strategy
China offers AI computing ‘vouchers’ to its underpowered start-ups
Netanyahu allies lash out at Gantz over Washington trip
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Persis Love, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Biden and Trump’s immigration duel
The issue of immigration might be Donald Trump’s biggest political boon ahead of the US election in November, but President Joe Biden went to the US-Mexico border this week to try to change the narrative. The FT’s Houston correspondent, Myles McCormick, and US political news editor, Derek Brower, join this week’s Swamp Notes to examine whose case voters find more convincing. Credit: Fox10, PBS NewsHour
Mentioned in this podcast:
Surge in border crossings creates political upheaval in the US
Joe Biden and Donald Trump head to Texas as immigration debate heats up
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Formula One’s road map to success
The cost of Rishi Sunak’s plan to send asylum seekers to Rwanda could exceed £580mn by the end of the decade, and Toyota’s bet on hybrid vehicles has paid off, so far. Plus, the FT’s Samuel Agini explains how Formula One is trying to reinvent itself. Credit: Formula 1; Netflix
Mentioned in this podcast:
Rishi Sunak’s Rwanda asylum scheme could cost UK £580mn, watchdog warns
Was Toyota’s bet on hybrid cars right all along?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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McKinsey’s China problem
Uber chief executive Dara Khosrowshahi has received about $136mn in stock options after hitting a performance target, and Adani is working to push India’s military capabilities. Plus, the FT’s Stephen Foley explains why McKinsey is drawing ire from US lawmakers.
Mentioned in this podcast:
US Supreme Court will hear Trump presidential immunity appeal
McKinsey-led think-tank advised China on policy that fed US tensions
McKinsey website touted its advice to Chinese government ministries
Adani answers Modi's call to arms
Read a transcript of this episode on FT.com
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Should western troops go to Ukraine?
Vladimir Putin’s forces have rehearsed using tactical nuclear weapons at an early stage of conflict with a major world power and Emmanuel Macron, president of France, has refused to rule out sending troops to Ukraine. Plus, profits for the biggest US oil and gas producers have almost tripled under President Joe Biden, even as the industry berates his administration’s 'hostile' policies.
Mentioned in this podcast:
Leaked Russian military files reveal criteria for nuclear strike
Macron says sending western troops to Ukraine cannot be ruled out
Germany rebuffs Emmanuel Macron on troops in Ukraine and tells Paris to ‘supply more weapons’
Oil and gas profits triple under Joe Biden even as industry decries him
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Michela Tindera, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Sweden set to join the Nato club
Sweden is set to become a Nato member, the UK Financial Conduct Authority is planning to name firms under investigation at a much earlier stage, and Microsoft has struck a deal with a French artificial intelligence start-up to broaden its involvement in the industry beyond OpenAI.
Mentioned in this podcast:
Sweden overcomes final hurdle to join Nato in historic shift
FCA plans to name firms under investigation in UK deterrence drive
Microsoft strikes deal with Mistral in push beyond OpenAI
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Biotech is back
Israel plans to raise debt and taxes to fund its war in Gaza and global house prices are on the rise. Plus, FT correspondent Paola Tamma discusses some of the troubles plaguing the EU’s key pandemic stimulus fund.
Mentioned in this podcast:
US biotech fundraising boom ends 2-year deal drought
Is the EU’s Covid recovery fund failing?
Global house prices rebound as economists predict turning point
Israel plans $60bn debt raising and tax rises to fuel defence spending
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Jess Smith, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: Trump’s legal troubles
Former US President Donald Trump is the subject of four criminal cases and several civil suits. That means the presumptive Republican nominee will be spending a lot of time in courtrooms ahead of voting day in November. Still, it looks like all these legal liabilities might be giving him a political boost. The FT’s US legal and defence correspondent, Stefania Palma, and US managing editor, Peter Spiegel, join this week’s Swamp Notes to explain why.
Mentioned in this podcast:
Are US presidents above the law?
Donald Trump’s legal bill and Joe Biden’s cash boost: inside the 2024 money race
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Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor, and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
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Russia’s failed efforts to rebuild in Ukraine
The UK and EU will on Friday sign a deal to co-operate more closely in tackling illegal immigration and criminal gangs, and Japan’s Nikkei 225 index hit a record high after 34 years. Plus, the FT’s Alison Killing talks about Russia’s failed rebuilding of the Ukrainian city of Mariupol.
Mentioned in this podcast:
UK and EU agree to co-operate more closely on migration
Japan’s Nikkei 225 index eclipses record high after 34 years
Inside Mariupol: Russia’s new Potemkin village
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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HSBC profits nosedive
Nvidia’s net income soared nearly 800 per cent in the latest quarter compared to the same period in 2022, HSBC reported an 80 per cent drop in quarterly profit, and Boeing is replacing the executive in charge of manufacturing its 737 Max aircraft. Plus, Indonesia’s incoming president is creating concerns for the country’s democracy.
Mentioned in this podcast:
Nvidia declares AI ‘tipping point’ as quarterly revenues jump 265%
HSBC shares fall most since 2020 after profits plummet 80%
Boeing ousts head of 737 Max programme
What Prabowo Subianto’s presidential election win means for Indonesia
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Discover what’s in Capital One’s wallet
Donald Trump is losing support from small donors, US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, and Barclays updated investors on its strategy for the first time in eight years.
Mentioned in this podcast:
Donald Trump’s donor numbers fall by 200,000 compared with 2019
Capital One agrees to buy Discover Financial for $35bn
Barclays to return £10bn to shareholders
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Saffeya Ahmed, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Israel’s economy slumps
Ukraine withdraws from Avdiivka, lacking weaponry and ammunition, and there are questions about OpenAI’s business model.
Mentioned in this podcast:
Israel’s economy shrank at 20% rate after outbreak of war
Can OpenAI create superintelligence before it runs out of cash? External Link
Battle for Avdiivka tests Ukraine’s new commander
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Manuela Saragosa, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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What next for Russia after Navalny?
The European Union plans to hit Apple with a €500mn fine over music streaming, German companies make record investments in the US, and emerging market investors switch to ETFs that exclude China.
Mentioned in this podcast:
US investors in emerging markets switch to ETFs that exclude China
Navalny’s allies accuse Russian authorities of trying to cover up his death
EU to hit Apple with first ever fine in €500mn penalty over music streaming
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Josh Gabert-Doyon, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swamp Notes: Donald Trump takes on Nato (again)
Donald Trump picked plenty of fights with Nato during his time in office. Now, even as war rages in Ukraine, candidate Trump is back at it. But is his aggressive attitude toward Nato resonating with American voters? The FT’s Lauren Fedor and Alec Russell join this week’s Swamp Notes to discuss.
Mentioned in this podcast:
Nato needs to prepare for Trump’s unilateralism on steroids
Donald Trump says Russia can do what it wants to Nato allies who pay too little
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor, and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.
Read a transcript of this episode on FT.com
CREDIT: Comedy Central, Bloomberg Television, Daily Mail
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Asset managers cool on climate group
European Commision president Ursula von der Leyen says Europe’s military needs to step up and two of the world’s biggest asset managers are quitting an investor group set up to prod companies over global warming. Plus, big food companies are jumping into new farming practices meant to store carbon underground, but there are significant hurdles.
Mentioned in this podcast:
Von der Leyen calls on EU to subsidise defence production
JPMorgan and State Street quit climate group as BlackRock scales back
The dubious climate gains of turning soil into a carbon sink
Hedge fund stampede into cocoa futures fuels record price spike
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Will Germany lead Nato?
UK chancellor Jeremy Hunt is considering slashing public spending to fund pre-election tax cuts, Germany is looking to boost its defence spending at a crucial time for Europe, and Citigroup has started tracking how many calls its private bankers are making to clients. Plus, the FT’s Madison Marriage talks about her new podcast on the dangers of meditation retreats.
Mentioned in this podcast:
Jeremy Hunt faced with slashing UK public spending to fund tax cuts
Will Germany deliver on its grand military ambitions?
Citi starts tracking how often private bankers call clients
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Arm’s share price goes crazy
Investors scaled back bets that the US Federal Reserve will begin cutting interest rates in May, and Arm shares soared after the UK chip designer reported higher revenues boosted by strong demand for artificial intelligence. Plus the FT’s Felicia Schwartz explains how the relationship between US President Joe Biden and Benjamin Netayahu, prime minister of Israel, is being affected by the war in Gaza.
Mentioned in this podcast:
Investors scale back bets of May rate cut on strong US inflation figures
Unhedged newsletter: Is Arm really an AI stock?
Arm’s an AI stock now. When’s the crash?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Wall Street fell out of love with equity hedge funds
US law firm Latham & Watkins is cutting off automatic access to its international databases for its Hong Kong-based lawyers, one of the oldest and best-known hedge fund strategies has suffered nearly $150bn in client withdrawals over the past five years, and the price of bitcoin touched $50,000 for the first time since 2021. Plus, the FT’s Kaye Wiggins explains how a Chinese financier is turning small businesses into a data gold mine.
Mentioned in this podcast:
Latham & Watkins cuts off its Hong Kong lawyers from international databases
Decline of the star stockpicker: investors pull $150bn from equity hedge funds
Bitcoin price touches $50,000 after spot ETF launches spur demand
The financier turning China’s noodle joints and karaoke bars into a data gold mine
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Imran Khan rises again in Pakistan
EY took on $700mn in debt for its failed “Project Everest” plan, and tech companies are shedding jobs in a pivot to AI. Plus, Shein is seeking Beijing’s approval ahead of its IPO.
Mentioned in this podcast:
Pakistan in power vacuum after Imran Khan defies election odds from jail
EY took on $700mn in debt for doomed ‘Project Everest’ spin-off plan
Shein seeks Chinese regulators’ tacit approval for US public offering
Tech companies axe 34,000 jobs since start of year in pivot to AI
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Mischa Frankl-Duval, Breen Turner, Zach St. Louis, Saffeya Ahmed, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Untold: The Retreat, Ep. 1 - Dear Madison
Introducing Untold: The Retreat, a new podcast from the special investigations team at the Financial Times. In the first episode of The Retreat, Madison Marriage receives an email from a desperate father named Stephen. Over the past five years, he says, his twin daughters have changed drastically. They were bright and outgoing, with exciting plans for their future. But over their early twenties, they became increasingly distressed, struggling to eat or sleep and disassociating from normal life. Stephen believes the root of his daughters’ problems is a particular network of intensive meditation retreats.
For support or more information about adverse meditation experiences, take a look at the Cheetah House website.
If you are in need of urgent mental health support, please contact your local emergency services or reach out to a mental health helpline, such as the 988 Suicide and Crisis Lifeline in the US or Samaritans in the UK.
Read a transcript of this episode on FT.com
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Swamp Notes: Is it the economy, stupid?
For decades, common political wisdom has held that Americans vote based on their satisfaction with the economy. But even as the US economy booms, with persistently low unemployment and wage growth outpacing inflation, President Joe Biden’s approval rating continues reaching record lows. The FT’s Rana Foroohar and James Politi join this week’s Swamp Notes to explain why.
Mentioned in this podcast:
What if it’s not the economy, stupid?
Why Biden gets little credit for a strong US economy
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Jake Harper, Sonja Hutson, Lauren Fedor, Marc Filippino and Ethan Plotkin. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
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Chill out. Netflix is winning the streaming wars
Ukraine’s President Volodymyr Zelenskyy dismisses his top commander, Gaza’s last refuge is Israel’s next target and OpenAI is on track to hit $2bn in revenue.
Mentioned in this podcast:
Volodymyr Zelenskyy dismisses Ukraine’s ‘iron general’
Visual analysis: Gaza’s last refuge becomes Israel’s next target
Disney, Fox and Warner sports streaming platform foreshadows consolidation
OpenAI on track to hit $2bn revenue milestone as growth skyrockets
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Breen Turner, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Your Uber profits have arrived
Labour leader Sir Keir Starmer is set to announce the party is abandoning its target to spend £28bn a year on green investment, Uber has reported its first annual operating profit, and the far-right winner of Dutch elections just can't seem to form a government.
Mentioned in this podcast:
Labour set to ditch plan to spend £28bn a year on green investment
Geert Wilders struggles to find coalition partners in the Netherlands
Uber records first annual profits as market value approaches $150bn
Benjamin Netanyahu rejects ‘delusional’ Hamas terms for hostage deal
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The story behind the money going to Mexico
Standard Chartered has sounded out UK political heavyweights Sir Charles Roxburgh and Sir Sajid Javid as potential candidates for its next chair, BP reported its second-biggest annual profit in a decade, and the FT’s Michael Stott explains the dark side of money flowing from the US to Mexico. Plus, WeWork’s former CEO Adam Neumann is trying to buy the company out of bankruptcy.
Mentioned in this podcast:
Standard Chartered taps political heavyweights as potential new chair
BP targets boost for returns as it delivers second biggest profit in a decade
The darker side of Mexico’s $63bn remittances boom
Adam Neumann seeks to buy WeWork out of bankruptcy
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Pakistan’s Imran Khan fights an election from jail
China’s national chip champions expect to make next-generation smartphone processors as early as this year, and Northern Ireland is trying to chart a path forward under a new, historic power-sharing agreement. Plus, a former Pakistan prime minister is barred from this week’s election but is using chatbots and social media to energise his party’s supporters.
**Please note that a segment in today’s episode contains audio that was produced by artificial intelligence.**
Mentioned in this podcast:
China on cusp of next-generation chip production despite US curbs
Imran Khan taps AI and TikTok to fight Pakistan election from jail
Cash crisis waits for Northern Ireland’s restored executive
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Saffeya Ahmed, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
CREDIT: @PTIOfficialPK
Read a transcript of this episode on FT.com
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Turkey’s central bank chief steps down
Plans for a code on how AI models can use copyrighted materials have stalled in the UK, and US forces carried out strikes against Iran-backed militants over the weekend. Plus, the FT’s Owen Walker explains why the tides are turning against European banks.
Mentioned in this podcast:
Turkey central bank governor quits and points to campaign against her
BNP Paribas shares fall after downgrade to profit target
Deutsche Bank pledges to boost dividend and cut jobs
Santander earnings boosted by strong performance in Europe
Julius Baer’s profits tumble 52% as Signa hit triggers CEO exit
Turkey’s central bank rocked by another leadership shake-up
US and UK hit Houthis in fresh air strikes against Iran-backed militias
UK shelves proposed AI copyright code in blow to creative industries
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Saffeya Ahmed, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swamp Notes: How money is shaping the 2024 US election
Business leaders backed away from Donald Trump after his supporters attacked the US Capitol in 2021. Now, political donors are warming to the former president again as he runs for his party’s nomination ahead of elections later this year. The FT’s Alex Rogers and Edward Luce explain why donations are flowing in the way they are.
Read a transcript of this episode on FT.com
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Big tech continues to rock
Meta will reward shareholders with its first-ever dividend and an additional $50bn in share buybacks, US President Joe Biden has approved financial sanctions on Israelis in the West Bank, and Tesla chief executive Elon Musk is hitting back after a Delaware court struck down his $56bn pay package. Plus, the EU has agreed a deal on a €50bn financial support package for Ukraine.
Mentioned in this podcast:
EU agrees €50bn support package for Ukraine
US to put sanctions on Israeli settlers responsible for West Bank violence
Tesla shareholders will vote on moving incorporation to Texas, says Elon Musk
What the $56bn Tesla pay deal setback means for Elon Musk and his empire
Formula One’s Lewis Hamilton to join Ferrari from Mercedes
Meta dividend signals 'coming of age' for Mark Zuckerbergs company
CREDIT: Formula 1
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Viktor Orbán: the EU’s chief disrupter
The US Federal Reserve held interest rates at a 23-year high, the EU’s battle with Hungarian prime minister Viktor Orbán could come to a head on Thursday, and Boeing withheld its usual financial guidance for the coming year while vowing to focus on the safety of its operations.
Mentioned in this podcast:
Federal Reserve holds interest rates steady as market focuses on timing of 2024 cuts
Viktor Orbán: what is the end game for Europe’s chief disrupter?
Boeing postpones annual guidance amid 737 Max crisis
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Palestinians pay the price for UN allegations
Microsoft reported record quarterly revenues, the IMF projects the Russian economy and the global economy will grow faster than previously expected, and the UN’s agency for Palestinian refugees is in crisis after allegations that some of its staff were involved in the October 7 attacks on Israel.
Mentioned in this podcast:
Cloud strength and AI excitement boost Microsoft revenue
Alphabet’s advertising growth falls short of Wall Street expectations
IMF raises Russia growth outlook as war boosts economy
A UN agency in Gaza is in crisis. Palestinians may pay the price
Israeli intelligence accused UN staff of kidnap and seizing body
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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China’s not so Evergrande
Binance has bowed to pressure from customers who want to hold their assets with an independent custodian, a Hong Kong court has ordered property giant China Evergrande to be wound up, and Brazil’s President Luiz Inácio Lula da Silva is returning to an old but controversial playbook to jump-start the country’s economy.
Mentioned in this podcast:
Binance bows to trader demands to keep their assets elsewhere
Chinese developer Evergrande ordered to be wound up by Hong Kong court
China Evergrande liquidation to test Hong Kong’s reach
Lula’s playbook: Brazil bets on a return to state capitalism
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The challenges to a ceasefire in Gaza
Brussels threatens to hit Hungary’s economy if Viktor Orbán vetoes Ukraine aid, the UN’s highest court orders Israel to limit harm to Palestinians in Gaza, Germany’s carmakers are struggling amidst the transition to electric vehicles, and EY and Bank of America are monitoring workers’ in-office attendance.
Mentioned in this podcast:
ICJ orders Israel to limit harm to Palestinians in Gaza
German car suppliers struggle to adjust to EV shift
Brussels threatens to hit Hungary’s economy if Viktor Orbán vetoes Ukraine aid
EY starts monitoring UK staff office attendance with turnstile data
Biden says Iran-backed militants killed 3 US servicemen in drone attack
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swamp Notes: GOP primaries and the power of incumbency
So far the Republican primaries have had very few surprises. Former President Donald Trump continues to be the favourite. On the first episode of Swamp Notes, the FT’s Lauren Fedor and Peter Spiegel unpack how Trump is winning these races as if he were an incumbent, what was in it for the other Republican candidates, and why former South Carolina Governor Nikki Haley is staying in the race.
Mentioned in this podcast:
Donald Trump warns Nikki Haley’s billionaire backers to halt support
Nikki Haley, the woman determined to keep taking on Trump
Donald Trump wins New Hampshire primary but Nikki Haley vows to fight on
Donald Trump moves closer to Republican coronation after Ron DeSantis ‘kisses the ring’
Donald Trump draws on arsenal of slurs to attack rivals for Republican nomination
Sign up for the FT’s Swamp Notes newsletter here
Read a transcript of this episode on FT.com
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How airlines are handling the Boeing fiasco
The Federal Trade Commission has launched an inquiry into the partnerships between Big Tech cloud providers and generative AI companies, the European Central Bank is keeping rates on hold, and Boeing’s problems are having a ripple effect on the broader airline industry. Plus, take a sneak peek at a new show we’re launching called Swamp Notes!
Mentioned in this podcast:
Donald Trump wins New Hampshire primary but Nikki Haley vows to fight on
American Airlines chief says Boeing’s quality problems ‘unacceptable’
Christine Lagarde says ‘disinflation process is at work’
Big Tech’s AI partnerships draw inquiry from FTC
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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There’s active interest in passive funds
The US aviation regulator has blocked Boeing from expanding production of its most popular plane, the fight between Poland’s Donald Tusk and Andrzej Duda heats up, a research group forecasts 56% of total US fund assets will be passively managed by 2027, the French government presses the UK to help fill a multibillion-pound hole in nuclear projects, and Israel is creating a buffer zone within Gaza.
Mentioned in this podcast:
Regulator blocks expanded production of Boeing’s 737 Max
Feud between Poland’s Donald Tusk and Andrzej Duda intensifies over presidential pardon
Passive eclipses active in US fund market as assets swell to $13.3tn
French government presses the UK to help fill multi billion-pound hole in nuclear projects
Israel demolishes buildings to create buffer zone within Gaza
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Resuscitating Hong Kong’s stock exchange
Turkey’s parliament has voted in favour of Sweden joining Nato and Arab nations are about to unveil a peace plan for Israel and Hamas. Plus, the FT’s Kaye Wiggins explains whether a leadership change can help revive the Hong Kong Stock Exchange.
Mentioned in this podcast:
Turkish parliament votes in favour of Sweden’s accession to Nato
How China’s slowdown is deepening Hong Kong’s ‘existential crisis’
Arab nations develop plan to end Israel-Hamas war and create Palestinian state
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Can the yield curve still predict recessions?
An inverted yield curve is sending jitters across the US economy, Japanese IT conglomerate Fujitsu is in hot water over its involvement in the UK Post Office scandal, and new details have emerged over how the SEC’s X account was hacked.
Mentioned in this podcast:
UK Post Office scandal exposes risks of Fujitsu’s hands-off approach
Yield curve adds to mystery over US economy
SEC says bitcoin X breach came after phone number was swapped
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva, Gavin Kallmann, and Josh Gabert-Doyon. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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What’s next for Bitcoin ETFs?
Poland secures EU concession to limit food exports from Ukraine, Ron DeSantis ends his bid for the White House, investors turn to BlackRock and Fidelity for new crypto products, the US oil and gas industry is struggling to recruit Gen Z workers, and AI dominates Davos.
Mentioned in this podcast:
US bitcoin ETFs pull in $871mn in first three days of trading
The US shale magnate trying to sell oil and gas jobs to Generation Z
The top takeaways from this year’s World Economic Forum
Poland secures EU concession to limit food exports from Ukraine
Ron DeSantis drops out of White House race and endorses Trump
CREDIT: World Economic Forum
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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What if AI knows your death date?
UK chancellor Jeremy Hunt has signalled he wants to cut taxes further in the coming months, the conflict in the Red Sea is rekindling fears over oil and inflation, and the FT’s Anjana Ahuja says scientists have developed artificial intelligence models to predict how long people will live.
Mentioned in this podcast:
UK chancellor signals he wants more tax cuts before election
Why US strikes in Middle East are rekindling fears over oil and inflation
Could an AI ‘death calculator’ actually be a good thing?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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China is not out of the woods yet
A top IMF official has warned that central banks need to move cautiously on cutting rates this year, BP has appointed interim boss Murray Auchincloss as its permanent chief executive, and Rishi Sunak quelled a rightwing Conservative revolt over his flagship Rwanda asylum bill. Plus, the FT’s Joe Leahy explains why China’s population decline accelerated in 2023 as its economy grew at one of the lowest rates in decades.
Mentioned in this podcast:
IMF official warns central banks against fuelling inflation with rapid rate cuts
Stocks drop as ECB and UK inflation puncture interest rate cut hopes
BP appoints interim boss Murray Auchincloss as permanent chief
Tory rebels abandon revolt over Rishi Sunak’s Rwanda bill
China’s population decline accelerates as economy reaches low growth target
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The uphill battle to beat Trump
Wage growth is slowing in the world’s largest economies, a federal judge stopped JetBlue’s planned deal to buy Spirit Airlines, and the EU’s tax on ‘dirty’ imports could fragment global trade. Plus, the FT’s Lauren Fedor explains the uphill battle for the Republican presidential nomination that Nikki Haley and Ron DeSantis are facing.
Mentioned in this podcast:
Wage growth slows in world’s major economies
How global trade could fragment after the EU’s tax on ‘dirty’ imports
JetBlue’s $3.8bn bid for rival airline Spirit blocked by US judge
Nikki Haley and Ron DeSantis running out of time to stop Donald Trump
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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US-owned ship attacked off Yemen
Red Sea shipping route remains dangerous. What's behind Chinese carmaker BYD's success in the electric vehicle market? And new figures show Germany was the world’s weakest-performing major economy last year.
Mentioned in this podcast:
Germany was worst-performing major economy last year
China’s electric vehicle dominance presents a challenge to the west
Wang Chuanfu, the driving force behind BYD’s rise
The FT News Briefing was produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Persis Love, Josh Gabert-Doyon, and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Simon Panayi. Topher Forhecz and Manuela Saragosa were executive producers. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Taiwan defies China in election
Taiwan’s presidential election shows that voters are willing to defy China, the 2024 US presidential election kicks off today, and American banks say that American consumers are in good shape.
Mentioned in this podcast:
What Taiwanese voters’ defiance means for China
Banks say US consumers in good shape but poll shows Biden gets no credit
Iowa poll shows Trump far ahead of rivals in Republican race
Credit: CBS News
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The world’s biggest mining project finally gets off the ground
The US and the UK have carried out military strikes against Iran-backed Houthi rebels, US inflation numbers for December cool expectations for interest rate cuts in March. Plus, the FT’s Tom Wilson explains why the world’s biggest mining project took so long to get off the ground and whether it was worth the headache.
Mentioned in this podcast:
US and UK launch strikes against Houthi rebels in Yemen
Buckle up — the inflation battle is entering a new phase
World’s biggest mining project to start after 27 years of setbacks and scandals
Newsletter: Chris Giles on Central Banks
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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What ETFs mean for bitcoin
US President Joe Biden plans to send a high-level delegation to Taipei after the election in Taiwan on Saturday, the US Securities and Exchange Commission has approved the first spot bitcoin exchange traded funds, and the Iran-backed militant group known as the Houthis are stepping up its attacks in the Red Sea.
Mentioned in this podcast:
Joe Biden to send delegation to Taipei after Taiwan’s election
Taiwan’s pivotal vote: China casts shadow over island’s election
SEC approves first spot bitcoin ETFs in boost to crypto advocates
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Follow Untold: The Retreat on Apple Podcasts, Spotify or wherever you listen to podcasts.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The scramble for a new EU leader
Chinese companies are resorting to chips repurposed from standard PC gaming products to develop artificial intelligence tools, and Charles Michel’s run for European parliament is causing a scramble to replace him. Plus, a new TV show is firing Brits up over a decades-old post office scandal.
Mentioned in this podcast:
Chinese companies resort to repurposing Nvidia gaming chips for AI
How Charles Michel’s parliament plan fires up the EU’s top job battle
How a Post Office drama galvanised Britain
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Can Boeing get back on track?
Shares in Boeing and supplier Spirit AeroSystems tumbled after a mid-flight accident, and tens of thousands of Afghan women and girls have been able to join online study programmes despite the Taliban’s ban on female education.
Mentioned in this podcast:
Boeing and supplier shares fall after mid-flight Alaska Airlines accident
Afghan women and girls flock online to evade Taliban curbs on female education
Biden says he is pressing Israel to ‘significantly get out’ of Gaza
Israel says it has destroyed Hamas as a fighting force in north Gaza
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Football clubs are pouring billions into stadiums
A pile up of bad debt threatens to sour investors’ growing optimism about the prospects for the US’s largest banks, and European football clubs are pouring money into transforming stadiums. Plus, the FT’s Joe Miller explains why another bad bet by SoftBank could be trouble for the Japanese group.
Mentioned in this podcast:
SoftBank’s Gen Z social media bust: was IRL the next Facebook or a fraud?
The European football clubs turning stadiums into cash cows
Largest US banks set to log sharp rise in bad loans
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Local Chinese banks get a lifeline
One of the world’s top gold producers fired its chief executive for serious misconduct, Chinese provinces pumped a record $31bn of capital into fragile regional banks last year, and German inflation accelerated to its fastest rate for three months in December. Plus, a study shows widespread untracked fishing is hindering global efforts to protect depleted fish stocks and marine environments.
Mentioned in this podcast:
Endeavour Mining CEO dismissed for serious misconduct
Off-radar fishing threatens efforts to preserve stocks, study warns
China steps up aid for regional banks as economic risks mount
German inflation rises to 3.8% in blow to rate-cut hopes
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Convertible bonds are so hot right now
Minutes from the December Federal Reserve meeting show that officials were committed to higher-for-longer interest rates, convertible bonds have been a rare bright spot for corporate fundraising, and two bombs killed more than a hundred people in southern Iran yesterday. Plus, some Russians convicted of gruesome crimes are returning to their communities after fighting in Ukraine.
Mentioned in this podcast:
Fed officials said rates could remain high ‘for some time’
US companies dive into convertible debt to hold down interest costs
Bomb blasts at Iranian commander’s grave kill nearly 100
The Russian murderers sent home as free men after fighting in Ukraine
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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BlackRock and Vanguard duke it out over ETF market
Russia has fired a second massive barrage of the new year on Ukraine’s capital and the country’s second-largest city, Benjamin Netanyahu’s rightwing allies have blasted Israel’s top court for striking down a controversial law aimed at overhauling the country's judiciary, and BlackRock’s lead in the US exchange traded fund market is being eroded by Vanguard and smaller rivals.
Mentioned in this podcast:
Russia pounds Ukraine in new year’s second massive air strike
Benjamin Netanyahu’s allies blast top court but wait to revive judicial overhaul
Vanguard and rivals gain ground on BlackRock in US ETF market
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Markets, elections and AI in 2024
The FT’s Peter Spiegel, Katie Martin and Elaine Moore preview what could happen in geopolitics, markets and artificial intelligence in 2024.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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From “What Next”: Wait, China’s Taking Our Pandas Back?
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Superintelligent AI: can chatbots think?
Are generative AI systems such as OpenAI’s ChatGPT really intelligent? Large language models such as GPT 4 appear to use human-level cognitive abilities when they engage in legal reasoning, write essays or solve complex problems. Hosts John Thornhill and Madhumita Murgia speak to Emily Bender, professor of computational linguistics at the University of Washington, to find out what’s really happening under the hood, and also hear from Pablo Arredondo of CaseText, which develops AI tools for lawyers; influential computer scientist Melanie Mitchell, professor at the Santa Fe Institute, and Konstantin Arkoudas, an AI expert who’s worked on Amazon’s Alexa.
Free links:
OpenAI set to launch store as ChatGPT reaches 100mn users
How to keep the lid on the Pandora’s box of AI
We need a political Alan Turing to design AI safeguards
‘I’ve never seen anything like this’: how OpenAI’s dramatic weekend unfolded
Tech Tonic is presented by Madhumita Murgia and John Thornhill. Senior producer is Edwin Lane and the producer is Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
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Culture chat: ‘Napoleon’ with historian Simon Schama
Historian Sir Simon Schama and FT deputy arts editor and film expert Raph Abraham join Lilah to discuss the historical epic ‘Napoleon’. Ridley Scott’s new two-and-a-half-hour-long film stars Joaquin Phoenix, and documents a lot: Napoleon’s rise and fall, some of his most famous battles, and his relationship with his wife, Josephine. But how well does it represent his character? We discuss what the film got right and wrong (historically and dramatically), why Napoleon continues to loom so large in culture, and whether historical epics still satisfy us.
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We are still collecting your cultural predictions for 2024! What’s one thing you think will happen (or want to happen) in culture next year? Write us. You can email us at lifeandart@ft.com or message Lilah on Instagram @lilahrap.
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Links (all FT links get you past the paywall):
– Simon’s FT Weekend essay on Napoleon, and why so many writers and filmmakers try to depict him: https://on.ft.com/4861gbn
– the FT’s official review of Napoleon by Danny Leigh: https://on.ft.com/484moPh
– An essay from Janan Ganesh on why Napoleon still matters: https://on.ft.com/3uWF8Sj
– Simon recommends the 2012 movie ‘Lincoln’, directed by Steven Spielberg
– Raph is a fan of Pablo Larrain’s ‘Jackie,’ from 2016, and the Leonard Bernstein biopic ‘Maestro’, directed by Bradley Cooper and available on Netflix on December 20
– We interviewed Pablo Larrain in 2021 about his creative process: https://on.ft.com/3oofjVO
– Lilah wrote a column about learning to draw: https://on.ft.com/46NBaZt
– Simon is on X @simon_schama
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Special FT subscription offers for Life and Art podcast listeners, from 50% off a digital subscription to a $1/£1/€1 trial, are here: http://ft.com/lifeandart
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Original music by Metaphor Music. Mixing and sound design by Breen Turner.
Read a transcript of this episode on FT.com
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Hot Money: The New Narcos
When a Dutch crime reporter makes an unbelievable discovery, a small-town murder case begins to look like an international assassination plot.
For more from the FT, sign up for the FT Edit App. To listen to Hot Money ad free, subscribe to Pushkin+.
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Read a transcript of this episode on FT.com
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The year of weight-loss drugs
Chancellor Jeremy Hunt raised the prospect of the Bank of England reducing interest rates in 2024 in an interview with the FT, and Novo Nordisk’s drugs for obesity could have a profound effect on healthcare, society and our relationship with food. Plus, part three or our three-part series on a changing India looks at the country’s booming fertility industry.
Mentioned in this podcast:
FT Person of the Year: Lars Fruergaard Jørgensen of Novo Nordisk
Jeremy Hunt raises prospect of Bank of England rate cuts in 2024
Credit: Vogue.com
Credit: Jimmy Kimmel Live
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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This bond market rally is epic
A global rally in government debt has driven yields past many Wall Street targets for the end of 2024, and rising premiums in China are driving families to cancel health coverage. Plus, in the second of a three-part series, the FT’s Benjamin Parkin travels to southern India to see whether factories can help solve the country’s employment problems.
Mentioned in this podcast:
Bond market rally drives yields past Wall Street’s end-2024 targets
Millions drop out of China’s state health insurance system
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva, Gavin Kallmann and Joanna Kao. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
India’s digital transformation
Copper is set to finish the year as the top-performing industrial metal, and the FT’s John Paul Rathbone recently visited a Hamas tunnel and talks about his experience. Plus, in the first part of a three-part series, the FT’s John Reed goes to Varanasi to show how India’s digital transformation is going.
Mentioned in this podcast:
Supply squeeze helps copper prices buck tough year for base metals
Inside the ‘Gaza metro’: Israel displays Hamas tunnel big enough for a car
Narendra Modi responds to assassination claims
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US Steel gets a new owner
Activist investor Cevian Capital has taken a €1.2bn stake in UBS, and Nippon Steel has agreed to buy US Steel in a $14.9bn deal. Plus, the FT’s Josh Gabert-Doyon takes us to the English town of Widnes and discusses what the destruction of fossil fuel infrastructure means for local citizens.
Mentioned in this podcast:
Activist Cevian places €1.2bn bet on UBS
Nippon Steel agrees to buy US Steel for $14.9bn
The Fiddler’s Ferry blast that will reshape a town’s identity
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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A Chinese spy in Europe’s midst
Corporate bankruptcies are increasing at double-digit rates in most advanced economies, and TSMC is going to play a huge role in Taiwan’s upcoming election. Plus the FT’s Henry Foy explains how a European politician spied for China.
Mentioned in this podcast:
UK’s biggest companies failing to close pay gap, says report
Chipmaker TSMC casts long shadow over Taiwan election
Chinese spies recruited European politician in operation to divide west
Bankruptcies soar as high rates and end of Covid aid hit businesses hard
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva, Gavin Kallmann, and Josh Gabert-Doyon. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
UAW strike kicks off new era for US labour
Central banks are charting different courses for interest rates in 2024, and EU leaders have agreed to officially start accession talks with Ukraine. Plus, for US union leader Shawn Fain, the historic auto workers strike is only the beginning.
Mentioned in this podcast:
EU leaders agree to start accession talks with Ukraine
Stocks and bonds surge as Jay Powell comments fuel bets on interest rate cuts
ECB keeps rate on hold but lowers inflation forecast
Andrew Bailey warns ‘still some way to go’ as BoE holds rates at 5.25%
The unexpected revival of America’s trade unions
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The west is losing patience with Israel
The Federal Reserve on Wednesday held interest rates at a 22-year high, countries reached a deal at the COP28 climate summit to transition away from fossil fuels, and Germany reached a last-minute budget deal to avoid a financial shutdown. Plus, the FT’s John Paul Rathbone explains whether Israel can continue its pursuit of Hamas without losing western support.
Mentioned in this podcast:
How the COP28 deal was won but the battle for 1.5C may be lost
Joe Biden’s criticism of Israel highlights mounting unease over Gaza war
Federal Reserve keeps rates at 22-year high but hints at cuts to come
Germany agrees budget deal to plug €17bn hole after debt ruling
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Is Signa’s downfall a canary in the coalmine?
UK Prime Minister Rishi Sunak headed off a Conservative revolt over his flagship Rwanda migration bill, US core inflation rose last month, and the FT’s Sam Jones explains the downfall of Signa, one of Europe’s most prominent property developers.
Mentioned in this podcast:
Rishi Sunak secures win in Rwanda asylum vote
Rise in US core inflation highlights stubborn price pressures
Rwanda vote exposes Tory divisions despite Rishi Sunak’s win
Signa fires René Benko ally for suspected ‘gross violations’ of duties
Insurers built €3bn exposure to struggling Signa property empire
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Wealthy donors and campus speech
Investors poured record sums into high-yield bond exchange traded funds in November, Rishi Sunak will on Tuesday seek to face down rightwing Tory rebels by pushing ahead with his controversial Rwanda bill, and the FT’s Joshua Chaffin tells us about the wealthy donors pushing for US universities to crack down on antisemitism.
Mentioned in this podcast:
High-yield bond ETFs attract highest flows on record in November
Government to face down party rebels over Rwanda bill
The Ivy League, Wall St donors and the furore over antisemitism on campus
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Big Four’s year of layoffs
French immigration reforms put Emmanuel Macron’s leadership to the test, Pisa rankings show sharp decline in student attainment in maths and reading since 2018, India’s stock market is set to take Hong Kong’s spot among world’s largest, and Shohei Ohtani signs a record $700mn baseball contract with Los Angeles Dodgers.
Mentioned in this podcast:
UK students fall behind on core skills post-pandemic
EY to cut a further 150 UK jobs as Big Four firms grapple with waning demand
Shohei Ohtani signs record $700mn baseball contract with Los Angeles Dodgers
India’s stock market set to take Hong Kong’s spot among world’s largest
French immigration reforms put Emmanuel Macron’s leadership to the test
Credit: MLB.com
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva, Gavin Kallmann, and Zach St. Louis. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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US oil is keeping Opec on its toes
The EU is set to pave the way for completely ending gas imports from Russia and Belarus, and a record supply of oil from the US is complicating Opec+ maths. Plus, the FT’s Jennifer Hughes explains why the price of gold and bitcoin are both booming in the same week.
Mentioned in this podcast:
EU paves way for total ban on Russian gas imports
Oil market caught by surprise as US output surges
Gold price hits all-time high as traders bet on interest rate cuts
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Michela Tindera, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The humanitarian crisis worsens in Gaza
Moody’s Investors Service advised staff in China to work from home ahead of its cut to the outlook for the country’s sovereign credit rating, Palestinians in Gaza are running out of places to evacuate to, and oil prices have fallen to their lowest level in five months. Plus, the FT’s Christopher Miller explains what would happen on the ground in Ukraine if western aid dries up.
Mentioned in this podcast:
Moody’s advised staff to work from home ahead of China outlook cut
Joe Biden says Republican refusal to fund Ukraine is a ‘gift’ to Vladimir Putin
Kyiv’s political feuds cause cracks in Ukrainian unity
Shattered Israel-Hamas truce leaves Gaza’s civilians with nowhere left to run
Republicans tell Joe Biden US aid to Kyiv depends on immigration curbs
EU budget dispute threatens €50bn war lifeline for Ukraine
Oil slumps to lowest in five months despite Opec+ production cuts
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The crackdown on Ukraine’s oligarchs
Leading economists say the Federal Reserve will hold off on interest rate cuts until at least July 2024, and the US Supreme Court heard a case that could shut down Democrats’ attempts to impose a wealth tax. Plus, the FT’s Europe editor, Ben Hall, explains why Ukraine is cracking down on oligarchs and what it means for the country.
Mentioned in this podcast:
Economists see Fed keeping rates at 22-year high until at least July
How the US Supreme Court could thwart a prospective wealth tax
US Supreme Court appears wary of upending tax law in closely watched case
The crackdown on Ukraine’s oligarchs
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Hot Money: The New Narcos - Ep. 1, Murder Brokers
Hot Money is back with a brand new season. On the first episode of Hot Money: The New Narcos, a Dutch crime reporter makes an unbelievable discovery, and a small-town murder case begins to look like an international assassination plot.
Subscribe to Hot Money: The New Narcos
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Venezuela votes for a land grab in Guyana
The UK will make it harder for employers to hire overseas staff in an attempt to reduce record immigration by 300,000 a year, a Venezuelan referendum lays claim to two-thirds of neighbouring Guyana, and the White House says the US is set to run out of funds to aid Ukraine by the end of the year. Plus, we get a preview of the new Hot Money season, which dives into the European cocaine trade.
Mentioned in this podcast:
UK government unveils measures to cut immigration by 300,000 a year
Venezuela says voters back claim to oil-rich swath of Guyana
US funding for Ukraine set to run out by end of the year, White House warns
Subscribe to Hot Money: The New Narcos
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Edith Rousselot, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Wealthy Argentines flock to Uruguay
Israel has ordered Palestinians in Gaza to evacuate a large area of land in the south of the strip, South Korea has become a top 10 defence exporter since the start of the war in Ukraine, Prime Minister Narendra Modi’s Bharatiya Janata party has won a series of resounding victories in India’s state polls, and wealthy Argentines are moving to Uruguay to avoid high taxes.
Mentioned in this podcast:
Israel pounds southern Gaza after US warning on civilian deaths
South Korean defence industry rides global order wave
‘Leaving without leaving’: Argentines are flocking to Uruguay to avoid a high tax burden
Narendra Modi’s BJP triumphs in India state elections
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Introducing Hot Money: The New Narcos
Hot Money is back with a new season that begins with a mysterious murder in a small town and leads to a cocaine super cartel and a secret proxy war between democracies and dictatorships.
Follow Hot Money: The New Narcos here.
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Why markets had a stellar November
Washington is aiming to halve Russia’s oil and gas revenues by the end of this decade, and markets turned things round and had a great November. Plus, the FT’s Nicholas Megaw explains how investors use AI to decode what executives say on earnings calls.
Mentioned in this podcast:
US aims to halve Russia’s energy revenues by 2030, says official
Investors use AI to glean signals behind executives’ soothing words
Markets in 2024: Investors bet on déjà vu all over again
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Nato says don’t underestimate Russia
Nato’s secretary-general is warning the west not to underestimate Russia, Cigna is in talks to merge with Humana in a deal that would create a US health insurance giant worth $140bn, and an audio essay by the FT’s Najmeh Bozorgmehr explores Iranians’ complicated feelings about the Israel-Gaza conflict.
Mentioned in this podcast:
Russia has stockpiled missiles for winter attack on Ukraine, says Nato
Cigna and Humana in deal talks to create US health insurance giant
Why Nato’s reassurances to Ukraine are starting to ring hollow
Iranians see both sides of the Israel-Gaza conflict
American diplomat Henry Kissinger dies aged 100
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Germany’s €60bn budget hole
A record number of Chinese people have defaulted since the outbreak of the coronavirus pandemic, a court ruling in Germany has opened up a huge €60bn hole in the country’s budget, and the FT’s Christine Murray explains why Mexico is benefitting from companies rethinking their foreign investments.
Mentioned in this podcast:
Chinese people default in record numbers as economic crisis deepens
‘A house of cards’: court ruling leaves Olaf Scholz’s legacy in tatters
The city where Mexico’s nearshoring hype is becoming reality
Berkshire Hathaway’s Charlie Munger dies aged 99
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Israel-Hamas truce extended
Qatar said mediators had secured a deal to prolong the temporary truce between Israel and Hamas by two days, Chinese fast-fashion group, Shein, has filed confidential paperwork for an initial public offering with the US securities regulator, and Tesla CEO Elon Musk is experiencing a bit of culture shock as he fights against union action in Sweden. Plus, the value of rare whiskies sold at auction has recorded the steepest fall in a decade other than during the pandemic.
Mentioned in this podcast:
Israel-Hamas truce extended by 2 days, says Qatar
Chinese fast-fashion retailer Shein makes confidential filing for US IPO
Tesla wins interim decision against Swedish state over car number plates
Premium whisky prices slump as weak global economy hurts taste for luxury
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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COP28: Climate summit tries to kick fossil fuel habit
Turkey’s exports to Russia of goods vital for Moscow’s war machine have soared in 2023, and nations at this year’s COP28 summit will revisit a proposal to phase out fossil fuels. Plus, the FT’s Madhumita Murgia explains how one patient in need of a new liver exposed major flaws in the UK’s organ transplant system.
Mentioned in this podcast:
Future of fossil fuels leaves nations at odds ahead of UN climate summit
Turkey’s exports of military-linked goods to Russia surge
Algorithms are deciding who gets organ transplants. Are their decisions fair?
Tech Tonic podcast: Superintelligent AI
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva, Gavin Kallmann, and Josh Gabert-Doyon. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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What the Dutch far-right win means for the EU
Voters in the Netherlands elect Geert Wilders; UK immigration numbers reach new high; Plus, senior Carlsberg executives are detained in Russia.
Mentioned in this podcast:
Net migration to the UK hit record 745,000 in 2022
Far-right Dutch victory puts European liberal democracy on defensive
Ex-Carlsberg executives detained in Russia over fraud claims
The FT News Briefing this week was produced by Kasia Broussalian, Sonja Hutson, Fiona Symon, Marc Filippino, Josh Gabert-Doyon and me, Persis Love. Our engineers were Monica Lopez and Odinn Ingibergsson. We had help this week from Saffeya Ahmed, Joanna Kao, Sam Giovinco, David da Silva, Michael Lello, Peter Barber and Gavin Kallmann. Our executive producers this week were Manuela Saragosa and Topher Forhecz. Cheryl Brumley is the FT’s global head of audio and our theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Ousted OpenAI board member on AI safety concerns
Sam Altman returns and OpenAI board members are given the boot; US authorities foil a plot to kill Sikh separatist leader on US soil; plus, the UK’s Autumn Statement increases the tax burden.
Mentioned in this podcast:
US thwarted plot to kill Sikh separatist on American soil
Hunt cuts national insurance but taxes head to postwar high
OpenAI says Sam Altman to return as chief executive under new board
The FT News Briefing is produced by Persis Love, Josh Gabert-Doyon and Edwin Lane. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Manuela Saragosa is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
OpenAI and Sam Altman’s superpowers
Israel and Hamas have agreed a deal to release hostages, Dutch voters head to the polls today, and Binance chief executive Changpeng Zhao has resigned after pleading guilty to a US criminal charge. Plus, the FT’s George Hammond explains why Sam Altman has so many people rallying behind him after he was ousted from OpenAI.
Mentioned in this podcast:
Israel approves hostage deal with Hamas
Dutch election shapes up as tight race to replace Mark Rutte
Binance chief Changpeng Zhao pleads guilty in US criminal case
OpenAI directors in talks with Sam Altman on rejoining board
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Argentina is in its Milei era
A majority of OpenAI employees sent a letter demanding that the board reinstate former CEO Sam Altman, Argentina is entering a new era after electing radical libertarian outsider Javier Milei as president, and the US Department of Justice is seeking more than $4bn from Binance to settle a criminal fraud investigation. Plus, the FT’s Alec Russell unpacks Indonesian president Joko Widodo’s ambitious plan to build a new capital city and turn the country into an economic superpower.
Mentioned in this podcast:
Majority of OpenAI staff threaten to quit unless Sam Altman is reinstated
Investors cheer Milei victory in Argentina
Javier Milei prepares shock therapy to cure Argentina’s sickly economy
US DoJ seeks more than $4bn from Binance to settle criminal probe
Is Indonesia finally set to become an economic superpower?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Milei elected president of Argentina
Radical libertarian economist, Javier Milei, has won Argentina’s presidential elections, investors are shaking up the venture capital market by raising money to buy out start-ups, and Bangladesh is struggling to keep the lights on after going all-in on liquefied natural gas.
Mentioned in this podcast:
Radical libertarian Javier Milei elected president of Argentina
Investors shake up VC market by raising money to buy out start-ups
Will Bangladesh come to regret its dash for gas?
Altman appears at OpenAI offices as pressure grows to reinstate him
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Josh Gabert-Doyon, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Life and Art: Nathan Fielder and ‘The Curse’
Introducing Life and Art, a new podcast FT Weekend. Join host Lilah Raptopoulos for two episodes each week.
On Mondays, they talk about life and how to live a good one. On Fridays, Lilah hosts a roundtable that will dive deep into a piece of culture that’s in the air right now.
On this episode, Lilah’s joined by FT columnist Stephen Bush and assistant arts editor Rebecca Watson to talk about the new cringe-drama-comedy show, The Curse. They discuss the show and how prestige TV is changing comedy. Why are we laughing less, and cringing more? And why is comedy so complicated right now?
Click here to follow Life and Art, from FT Weekend.
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EY’s new leader has her work cut out for her
More than half of low-income UK households with mortgages have fallen behind on one or more of their bills and Alibaba disappointed investors after announcing that it ditched plans to spin off its cloud business. Plus, the FT’s Stephen Foley talks about EY’s new leader Janet Truncale and how she might steer the accounting firm.
Mentioned in this podcast:
Alibaba ditches plans to spin off cloud business and list supermarket
EY picks Janet Truncale as the first woman to lead a Big Four firm
Low-income borrowers hit hardest by Bank of England rate rises
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Manuela Saragosa, Josh Gabert-Doyon, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Sunak grapples with ruling on flagship asylum plan
UK Prime Minister Rishi Sunak is attempting to save a plan to deport asylum seekers to Rwanda; an EU proposal will see Denmark enforcing the price cap on Russian oil by checking ships in the Baltic Sea; Plus, EY names a new CEO.
Mentioned in this podcast:
Sunak vows emergency legislation as Supreme Court rules against Rwanda policy
EY picks Janet Truncale as first woman to lead Big Four firm
Denmark could block Russian oil tankers from reaching markets
This episode of FT News Briefing was produced by Josh Gabert-Doyon, Manuela Saragosa, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Biden and Xi meet in San Francisco
Joe Biden and Xi Jinping will hold a high-profile summit in San Francisco today, US inflation fell more than expected to 3.2 per cent in October, and the war in Ukraine is doing serious damage to Russia’s labour market.
Mentioned in this podcast:
Biden and Xi meet in bid to stabilise relations between superpowers
US stocks and bonds jump after inflation falls to 3.2%
Russia’s war economy leaves businesses starved of labour
AI outperforms conventional weather forecasting methods for first time
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The return of David Cameron
Global investment banks have criticised a blanket ban on short selling imposed by South Korean regulators, UK Prime Minister Rishi Sunak stunned Westminster on Monday by restoring former PM David Cameron to the political frontline, and the FT’s Christopher Grimes explains what the future of Hollywood might look like after months of strikes.
Mentioned in this podcast:
Global banks criticise Korean short selling ban as ‘phantom farce’
David Cameron returns as UK foreign secretary after Suella Braverman is sacked
Gaza’s al-Shifa hospital ‘ceases to function’ as it runs out of fuel
Hollywood snaps back into action after actors reach deal to end strikes
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The hack that halted the US Treasury market
The UK’s Takeover Panel has reported its first deficit in almost a decade, and oil prices have been cooling off at a pretty weird time. Plus, the FT’s Kate Duguid explains why a hack at China’s biggest bank put the US Treasury market on ice.
Mentioned in this podcast:
UK Takeover Panel falls victim to deal drought
Wall Street and Beijing fight fallout of ransomware attack on China’s biggest bank
I’m going to dip my fat fingers in oil (Opinion)
Iceland declares state of emergency as it braces for volcanic eruption
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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FTNB Live: The best US cities for foreign investment
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Paris races to clean up Seine before Olympics
Russia has added at least Rbs3.4tn ($37bn) to its budget for this year, the war between Israel and Hamas is starting to bite into Israel's economy, and Spain’s ruling Socialist party has sealed a contentious amnesty deal with Catalan separatists. Plus, Paris is rushing to make the river Seine clean enough for Olympic athletes to swim next summer.
Mentioned in this podcast:
Russia adds more than 3tn roubles to its budget
‘I’m not sure we’ve got a safety net’: Israeli businesses buckle as war hits economy
Pedro Sánchez set to retain power in Spain after amnesty deal with Catalan separatists
Paris bets on giant tank to clean up Seine river in time for Olympics
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Introducing: Life and Art, from FT Weekend
Introducing Life and Art, from FT Weekend. It's a new twice-weekly culture podcast from the Financial Times. On Monday, we talk about life, and how to live a good one, in a one-on-one conversation that explores everything from food and travel to philosophy and creativity. On Friday, we talk about “art” – in a chat show! Three FT journalists come together to discuss a new cultural release across film, TV, music and books. Hosted by Lilah Raptopoulos, together with the FT’s award-winning writers and editors, and special guests.
Click here to follow Life and Art, from FT Weekend.
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Arm wrestles with bad first quarter as a public company
Shares of UK chip designer Arm fell after its revenue forecast for the current quarter left Wall Street underwhelmed, the US’s top diplomat has provided Washington’s most detailed plan for the postwar future of Gaza, Portugal’s corruption scandal is spelling trouble for the government’s economic plans, and US President Joe Biden got some pretty conflicting news for his re-election campaign this week.
Mentioned in this podcast:
UK chip designer Arm’s shares fall after disappointing revenue forecast
US calls for Palestinian Authority to run Gaza and West Bank after the war with Hamas
Portugal’s economic plans in disarray after PM resignation
Portuguese PM António Costa resigns as corruption crisis erupts
Democratic wins in US state votes boost Joe Biden
‘People are frustrated’: Gaza war opens rift among US Democrats
Access 50 per cent off of a digital subscription FT.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Israel plans for ‘indefinite’ grip over Gaza
The IMF has warned rapid wage increases in eastern Europe risk eroding the region’s competitive edge, Israel’s prime minister Benjamin Netanyahu said the country will maintain indefinite control over Gaza, and Australia’s prime minister went to China this week in a dramatic turnround in relations between the two countries. Plus, economists are worried falling pork prices in China might tip the country back into deflation.
Mentioned in this podcast:
Soaring wage growth risks blunting eastern Europe’s edge, IMF warns
Israel plans ‘indefinite’ controls over Gaza, says Benjamin Netanyahu
Australia seeks reset with Xi Jinping while balancing ties with US
The quick and easy guide for countries resisting Chinese trade coercion
Falling pork prices threaten to push China back into deflation
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The best US cities for foreign investment
WeWork filed for bankruptcy, PwC plans to cut up to 600 jobs in the UK, and the FT’s Peter Spiegel explains who won the distinction of the best US city for foreign investment.
Mentioned in this podcast:
WeWork files for bankruptcy amid office market downturn
WeWork: boxed-in flexible space group seeks new lease of life
PwC to cut up to 600 UK jobs as attrition rate plunges
Houston overtakes Miami as best place for foreign businesses in annual FT-Nikkei ranking
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Private equity wrestles with higher interest rates
Donald Trump testifies in New York today, Japan’s prime minister turns to stimulus to offset the pain of inflation, private equity is getting pummelled by higher interest rates, and Berkshire Hathaway reported a record amount of cash on hand.
Mentioned in this podcast:
Japan’s PM Fumio Kishida bets on $113bn stimulus to tackle inflation pain
Private equity: higher rates start to pummel dealmakers
Warren Buffett’s Berkshire Hathaway sells stocks as cash pile swells to record levels
Donald Trump prepares to testify in New York civil fraud trial
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Sam Bankman-Fried found guilty
Israeli troops have entered Gaza City, European private equity group CVC Capital Partners has postponed plans to float until next year, and central banks are hitting pause on interest rate rises while inflation stays strong.
Mentioned in this podcast:
Israeli army attempts to ‘encircle’ Gaza City as Joe Biden calls for pause in fighting
CVC Capital Partners postpones plans for Amsterdam listing
Central banks hold interest rates at a scary time
BoE expected to leave rates unchanged as inflation remains strong
AI companies agree to government tests on their technology to assess national security risks
Sam Bankman-Fried convicted of fraud over FTX’s collapse
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Our engineer is Monica Lopez. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The battle for EV batteries in US speeds up
The Federal Reserve held interest rates steady, and people are now being allowed to cross the border from Gaza into Egypt. Plus, competition for foreign investment in electric vehicles is pitting the US southeast against the automotive heartland of the Midwest.
Mentioned in this podcast:
US Federal Reserve holds interest rates at 22-year high
Egypt allows first evacuee departures from Gaza
Can America’s south-east unseat Detroit as ‘Motown’ of the EV age?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Governments dip into AI regulation
Sam Bankman-Fried’s fraud trial is set to wrap up today, eurozone inflation fell to its lowest level for more than two years, and Odey Asset Management is to close after allegations of sexual assault and harassment against its founder. Plus, global political leaders and tech executives will gather in the UK next week to discuss risks of artificial intelligence.
Mentioned in this podcast:
He said, they said: Sam Bankman-Fried jury weighs duelling accounts of FTX’s downfall
Eurozone inflation falls more than expected to 2.9%
Odey Asset Management to close after sexual assault allegations against founder
How Sunak’s Bletchley Park summit aims to shape global AI safety
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Israel pushes deeper into Gaza
Israeli ground forces pushed deeper into the Gaza Strip on Monday, General Motors has reached a tentative deal with the United Auto Workers union, and the social media platform X, formerly known as Twitter, is now valued at $19bn, the company told employees. Plus, the FT’s Stefania Palma explains how Alphabet chief executive Sundar Pichai’s testimony before the US Department of Justice went on Monday.
Mentioned in this podcast:
The tactics behind Israel’s ground offensive
US autoworker strike nears end as GM reaches tentative deal with UAW
Sundar Pichai acknowledges Google search default deals were ‘very valuable’
Elon Musk’s X says it is worth $19bn one year after acquisition
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The return of the rice crisis
Israel has expanded its ground offensive in Gaza as the country launches a new phase of its war to destroy Hamas, and seven tech companies are dominating global stocks. Plus, the FT’s Susannah Savage explains why the world is entering a rice crisis and what can be done to fix it.
Mentioned in this podcast:
‘Magnificent Seven’ tech stocks drive US equity domination to new highs
Rémy Cointreau drops to three-year low as US consumers shun cognac
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Sam Bankman-Fried takes the stand
FTX founder Sam Bankman Fried gave a preview of his defence against fraud charges, the US is worried that Iran and its proxies will escalate attacks on American forces in the Middle East, and the FT’s Josh Franklin explains what Morgan Stanley’s leadership change means for the company.
Mentioned in this podcast:
Sam Bankman-Fried previews ‘advice of counsel’ defence in FTX fraud trial
Morgan Stanley makes its choice: how Ted Pick won the succession race
US moves to deter Iran ahead of Israel’s invasion of Gaza
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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US House Speaker: Fourth time's the charm
Mike Johnson, a loyal ally of Donald Trump, has been elected Speaker of the House of Representatives. Plus, in the first instalment of our Investing In America series, we travel to the Port of Albany to look at how money outside the US is changing the country.
Mentioned in this podcast:
Donald Trump ally Mike Johnson elected US House Speaker after weeks of gridlock
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Who to turn to when the world is crumbling
Microsoft registered an unexpected rebound in growth in its Azure cloud computing platform during the third quarter, environmental campaigners have attacked a critical part of the EU’s plans to green its energy supply, and the UN's secretary-general is denouncing what he calls “clear violations” of international law” in Gaza. Plus, the FT’s Arjun Neil Alim explains why companies are turning to former diplomats for help.
Mentioned in this podcast:
Microsoft’s unexpected rebound in Azure cloud growth lifts shares
UN chief denounces ‘clear violations’ of international law in Gaza
Campaigners warn EU over funds for hydrogen infrastructure
Companies on the hunt for geopolitical advice as tensions rise
Source: United Nations
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Commenting on Israel-Hamas is tricky for businesses
The EU’s top diplomat called on Monday for a pause in hostilities in order to allow aid deliveries into Gaza, and Argentine bonds tumbled after Sunday’s presidential election. Plus, the FT’s Anjli Raval explains why companies are struggling when it comes to weighing in on the Israel-Hamas war.
Mentioned in this podcast:
Argentina’s economy minister Sergio Massa seeks broad coalition after first-round election win
Business in a bind over messaging on Israel-Hamas war
EU’s top diplomat urges ‘humanitarian pause’ in Israel-Hamas war
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Ukraine and Israel vie for EU’s attention
Toyota says it is close to being able to mass produce next-generation solid-state batteries, and the European Union is trying to juggle support for Ukraine and Israel. Plus, start up companies in Israel are being put to the test due to the war with Hamas.
Mentioned in this podcast:
Why the EU needs to join the dots between Israel and Ukraine
Toyota nears mass production of solid-state batteries
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Can Argentina dollarise?
The US, Britain and Germany called on their citizens to leave Lebanon, political tensions in the UK are starting to boil over about Israel's response to Hamas's attacks, and the FT’s Michael Stott tells us why a radical outsider is the frontrunner in Argentina’s presidential election.
Mentioned in this podcast:
US, UK and Germany tell citizens to leave Lebanon amid fears of wider conflict
Keir Starmer faces growing mutiny from within Labour over Israel-Hamas stance
The radical outsider promising to cure Argentina’s economic ills
Access 50 per cent off of a digital subscription FT.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Biden urges Israel to take caution
Israel will let basic humanitarian aid into Gaza through Egypt, traders have been increasing their bets against the Israeli shekel, TK Netflix, and Beijing is weighing holding up US chipmaker Broadcom’s $69bn acquisition of cloud software company VMware.
Mentioned in this podcast:
Joe Biden warns Israel to avoid 9/11 ‘mistakes’
Bets against shekel heap pressure on Israeli central bank
Beijing considers delaying approval of $69bn Broadcom-VMware deal
Access 50 per cent off of a digital subscription FT.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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How will Egypt handle Gaza?
Alarm is mounting in Egypt that Gaza’s deepening humanitarian crisis will be thrust across its borders, Scotland’s first minister said the country would issue its own government bonds for the first time, and big US bank earnings have been better than expected.
Mentioned in this podcast:
Fear of Gaza exodus looms over Egypt
Scotland to issue bonds for the first time, says SNP’s Humza Yousaf
JPMorgan profits jump 35% on interest rate windfall
Citi profits edge higher despite worries over consumer finances
Goldman chief David Solomon calls time on high-profile DJ gigs
Access 50 per cent off of a digital subscription FT.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
How Microsoft beat the odds
Poland’s rightwing party will likely be out of power after last weekend’s election, a US-led effort to allow humanitarian aid into the Gaza Strip and provide an exit from the bombarded territory for foreign nationals faltered, and the FT’s Richard Waters explains how Microsoft beat the odds and got a major acquisition approved by regulators.
Mentioned in this podcast:
Polish exit polls give ex-PM Donald Tusk potential route back to power
Bid to open Gaza crossing falters
How Brad Smith used Microsoft’s $1bn law and lobbying machine to win Activision battle
Access 50 per cent off of a digital subscription FT.com/briefingsale
CLIP: The Guardian
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Israel prepares to invade Gaza
Israel is preparing to launch a major ground invasion of Gaza, the UK justice secretary is set to announce a controversial plan to address the chronic shortage of space in jails, and Exxon’s $60bn acquisition of a shale company could set off a wave of industry consolidation.
Mentioned in this podcast:
US sends second aircraft carrier as Israel prepares offensive in Gaza
Residents flee Gaza City as Israel tells 1.1mn to leave
British prisoners face jail time abroad under radical government plans
Behind ExxonMobil’s contrarian $60bn oil bet
Access 50 per cent off of a digital subscription FT.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
CORRECTION: An earlier version of today's show wrongly said Israel's Gaza operation in 2014 didn't involve the use of ground forces, whereas there was in fact a ground offensive.
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The man behind the Hamas attack
US inflation was higher than forecast in September, the EU has opened an investigation into X over the way disinformation is spreading on its platform after the attacks by Hamas against Israel, and FT’s Mehul Srivastava tells us about the Hamas military commander behind the deadly Israel incursion.
Mentioned in this podcast:
US inflation higher than expected in September
EU opens probe into X over Israel-Hamas war misinformation
Access 50 per cent off of a digital subscription FT.com/briefingsale
Who is ‘The Guest’: the Palestinian mastermind behind deadly Israel incursion
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, Sam Giovinco, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Hamas is not Israel’s only concern
Analysts forecast that four of the six big US banks will see Q3 profits fall year on year, Israel has been fighting on its northern border with Lebanon in addition to war with Hamas,and the star witness in the Sam Bankman-Fried trial testifies. Plus, shares in Birkenstock dropped more than 12 per cent on their first day of trading.
Mentioned in this podcast:
Rising interest rates curb lending growth for big US banks
Birkenstock shares slip on first day of trading
What links Hamas to the ‘Axis of Resistance’ and its patron Iran?
Access 50 per cent off of a digital subscription FT.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Israel’s hostage dilemma
Sir Keir Starmer made a pitch for the votes of disillusioned former Conservative supporters, abductions of dozens of civilians present Israel with risky options to get them back, and the EU has put its development funding to the Palestinian territories under review after Hamas’s attack on Israel.
Mentioned in this podcast:
Keir Starmer promises ‘national renewal’ in appeal to UK voters
Hamas kidnappings leave Israeli forces with painful hostage dilemma
EU to review development funding for Palestinian territories
Brussels blames commissioner for Palestinian aid freeze blunder
Access 50% off of a digital subscription FT.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Samantha Giovinco, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Israel imposes ‘complete siege’ on Gaza
Israel imposed a “complete siege” of the Gaza Strip, the Bank of Israel said it planned to sell up to $30bn of dollar reserves to support the shekel, and EU regulators will order US biotech Illumina to sell cancer test developer Grail.
Mentioned in this podcast:
Israel imposes ‘complete siege’ on Gaza as Hamas threatens hostages
Israel’s central bank to sell $30bn of foreign reserves to support shekel
EU regulators to order Illumina to sell $8bn cancer treatment group
Access 50% off of a digital subscription
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Israel responds to historic Hamas attack
The death toll from Hamas’s unprecedented multi-front assault on Israel passed 600 on Sunday, and Germany’s conservative opposition won two decisive victories in regional elections on Sunday. Plus, the FT’s Sarah O’Connor explains how the green transition can actually translate to more jobs.
Mentioned in this podcast:
Audacious Hamas attack is a pivotal moment for Israel
German voters turn their backs on government parties in regional elections
Net zero was never going to be an easy win for workers
Access 50 per cent off of a digital subscription FT.com/briefingsale
CLIPS: The Guardian, Associated Press
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Can artificial intelligence grow safely?
Economists expect that jobs growth in the US slowed again in September, and the recent sell-off in bonds might be starting to cool. Plus, artificial intelligence is cool and all, but can companies use this new tech in a way that isn’t toxic?
Mentioned in this podcast:
Tech companies adopt “constitutions” to keep AI systems safe
Who feels the pain from the bond sell-off?
US jobs growth expected to have slowed again in September
Listen to the FT’s Unhedged podcast
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Bankman-Fried’s fraud trial begins
Lawyers for the crypto tycoon Sam Bankman-Fried laid out their defence on Wednesday, Rishi Sunak axed the northern leg of the HS2 high-speed rail line to Manchester, and Fifa announced the location of the 2030 World Cup.
Mentioned in this podcast:
Spain, Portugal and Morocco to host 2030 football World Cup
Sam Bankman-Fried committed ‘fraud on a massive scale’, prosecutors allege
Rishi Sunak axes northern leg of HS2 in flurry of ‘radical’ decisions
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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McCarthy ousted as US House Speaker
Kevin McCarthy has been ousted as Speaker of the House of Representatives, the yield on 30-year US Treasuries hit a 16-year peak on Tuesday, India has told Canada to withdraw dozens of diplomats from the country and the Financial Times’ Tom Hale discusses the murky future of China’s Evergrande property group.
Mentioned in this podcast:
Kevin McCarthy ousted as House Speaker by Republican rebels
‘Crimes’ probe into Evergrande founder adds to pressure over $300bn debt woes
India tells Canada to withdraw dozens of diplomatic staff
Bond sell-off intensifies as long-term US yields hit 16-year peak
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Rating the ESG raters
Kristalina Georgieva backs reforms to the IMF that could eventually give more power to China, regulators are calling for more transparency for ESG rating agencies, and record numbers at this year’s Oktoberfest are a bright spot for the German economy.
Mentioned in this podcast:
Germans shrug off economic gloom at booming Oktoberfest
Brussels to unfreeze Hungary funds as it seeks help for Ukraine
IMF head backs reforms that could give China more voting power
CLIPS: The Independent
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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McCarthy avoids US government shutdown
US lawmakers were able to avert a shutdown over the weekend, Slovakia’s election results are adding pressure to the EU’s unity around the war in Ukraine, and Brazil says its oil exploration and green ambitions aren’t contradictory.
Clips: CNN, AP
Mentioned in this podcast:
Brazil minister says oil and green ambitions are not contradictory
Cooling UK labour market claims jobs in construction and retail
US lawmakers pass short-term deal to avoid government shutdown
Robert Fico wins Slovakia election with anti-Ukraine stance
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Can AI help us speak to animals? Part two
A hardware revolution in recording devices and a software revolution in artificial intelligence has convinced some scientists that humans will eventually be able to ‘translate’ animal and even plant sounds into human language. But what would be the consequences of humans learning to ‘speak whale’, chat with bats or converse with elephants? The FT’s innovation editor John Thornhill and producer Persis Love explore the ethics of potential human-to-animal communication.
Presented by John Thornhill, produced by Persis Love, sound design by Breen Turner and Sam Giovinco. The executive producer is Manuela Saragosa. Cheryl Brumley is the FT’s head of audio.
Free links:
Google Translate for the zoo? How humans might talk to animals
Karen Bakker, scientist and author, 1971-2023
How generative AI really works
Credits: Elephant bee rumble from Lucy King; plant sounds from Lilach Hadany
Hosted on Acast. See acast.com/privacy for more information.
Tech IPOs lose their shimmer
European government bond prices dropped sharply as investors took fright at Italy’s larger than expected budget deficit, optimism for the IPO market seems to be fading, and the FT’s Colby Smith explains the economic impact of US student loan payments restarting.
Mentioned in this podcast:
European bond market hit by Italy’s plans for higher borrowing
Rising headwinds threaten US economy’s resilience
Instacart and Arm shares lose steam after IPO pops
Millions of US borrowers brace for the return of student debt payments
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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What does China ‘de-risking’ actually mean?
Global dealmaking is languishing at a 10-year low, western companies are insulating their China operations, and Chinese battery groups are avoiding or delaying direct investments in the US and Europe because of geopolitics.
Mentioned in this podcast:
Dealmaking languishes at decade low on private equity drought
Chinese battery groups invest in Morocco to serve western markets
Western companies take slow steps towards China ‘de-risking’
Vote for FT podcasts in the Lovie Awards!
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The FTC is primed for Amazon
The US Federal Trade Commission has accused Amazon of wielding monopolistic control over online markets, JPMorgan Chase said it settled lawsuits related to its dealings with Jeffrey Epstein’s human trafficking operation, and the FT’s Lauren Fedor explains what’s at stake with a looming US government shutdown. Plus, sterling hit a six-month low against the dollar.
Mentioned in this podcast:
FTC lawsuit accuses Amazon of wielding monopoly power over online retail
JPMorgan settles Jeffrey Epstein lawsuits with US Virgin Islands and Jes Staley
Lawmakers warn that US is heading for shutdown as budget talks stall
Moody’s warns federal shutdown would be ‘negative’ for US debt rating
Sterling heads for worst month since Liz Truss’s ‘mini’-Budget
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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#MeToo’s mark on industry
The writers strike hitting Hollywood looks like it’s nearing a close and the FT’s Brooke Masters explores whether recent CEO departures could be a signal of a second #MeToo wave. Plus, a sexual abuse scandal has shaken up Japan’s entertainment industry.
Mentioned in this podcast:
Sex, lies and magical thinking about CEO behaviour
Japanese boy band abuse scandal rocks entertainment industry
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Poland’s complicated relationship with Ukraine
Russia has succeeded in avoiding G7 sanctions on most of its oil exports, Poland is calling for less support for Ukraine, China’s answer to the World Bank wants to commit more money to climate, and the restaurant group, Big Mamma, is going global thanks to private equity.
Mentioned in this podcast:
Russia dodges G7 price cap sanctions on most of its oil exports
A tug of war in Poland and Slovakia
‘China’s World Bank’ plans to triple climate change lending by 2030
Big Mamma restaurant group sells majority stake to private equity
CREDIT: DW News - Poland says it will no longer supply weapons to Ukraine
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Can AI help us speak to animals? Part one
A hardware revolution in recording devices and a software revolution in artificial intelligence is enabling researchers to listen in to all kinds of conversations outside the human hearing range, a field known as bioacoustics. Some scientists now believe these developments will also allow us to ‘translate’ animal sounds into human language. In a new season of Tech Tonic, FT innovation editor John Thornhill and series producer Persis Love ask whether we’re moving closer to being able to ‘speak whale’ or even to chat with bats.
Presented by John Thornhill, produced by Persis Love, sound design by Breen Turner and Sam Giovinco. The executive producer is Manuela Saragosa. Cheryl Brumley is the FT’s head of audio.
Free links:
Google Translate for the zoo? How humans might talk to animals
Karen Bakker, scientist and author, 1971-2023
How generative AI really works
Credits: Sperm whale sounds from Project CETI; honeyhunter calls from Claire Spottiswoode
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Rupert Murdoch steps down
Rupert Murdoch is stepping down as chair of Fox and News Corp, Russia has barred the export of diesel and petrol, and the Bank of England has held interest rates at 5.25 per cent after a knife-edge vote. Plus, India has stopped issuing visas to Canadians and told Ottawa to reduce its diplomatic presence in the country.
Mentioned in this podcast:
Rupert Murdoch steps down as chair of Fox and News Corp
Russia puts squeeze on oil market with diesel export ban
Bank of England holds interest rates at 5.25%
India stops issuing visas to Canadians as row escalates
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Fed signals fewer cuts in 2024
Federal Reserve officials on Wednesday signalled support for another rate rise this year and fewer cuts in 2024, share buybacks on the US stock market have dropped to the slowest pace since the early part of the Covid-19 pandemic, and the FT’s Gideon Rachman talks about his new three-part podcast series on Bidenomics.
Mentioned in this podcast:
Federal Reserve signals fresh rate rise this year and fewer cuts in 2024
Two-year Treasury yield hits highest point since 2006 after Fed decision
Companies ease off on share buybacks as rising interest rates push up costs
The Rachman Review podcast: Bidenomics
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Oil prices are not a barrel of fun
Shares in grocery delivery group Instacart jumped more than 10 per cent on their first day of trading, oil prices climbed above $95 a barrel for the first time in 2023, and Canadian prime minister Justin Trudeau sparked fury in India when he said authorities were investigating whether “agents” of New Delhi were behind the June killing of a prominent Sikh activist in a Vancouver suburb.
Mentioned in this podcast:
Instacart shares close up 12% after public market debut
India angered by Justin Trudeau’s claims linking New Delhi to Sikh activist’s death
Oil price exceeds $95 a barrel on fears of supply shortfall
Tech Tonic podcast: Can AI help us talk to animals?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Lucy Snell, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Can Singapore remain Asia’s ‘safe haven’?
Instacart’s public listing this week is set to inch Nasdaq further ahead of the New York Stock Exchange in their closest fight for new listings in five years, and a build-up of leveraged bets has the potential to dislocate trading in the $25tn US Treasuries market. Plus, the FT’s Mercedes Ruehl explores whether an influx of Chinese migration and money to Singapore could threaten its status as a neutral safe haven.
Mentioned in this podcast:
Nasdaq and NYSE fight closest listings battle in five years
Instacart prices shares at $30 as IPO market warms up
Hedge fund bets could spark turmoil in US Treasuries, BIS warns
Can Singapore hold on to its reputation as Asia’s ‘safe haven’?
Tell us: How will the US student loan repayments restart affect you? https://sayhi.chat/lmhgui
Any voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platforms
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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A historic autoworkers strike
US auto workers are striking to protect workers against the move to electric vehicles, and UK prime minister Rishi Sunak won’t attend the climate ambition summit at the UN General Assembly this week. Plus, Instacart has raised the price range for its initial public offering following the success of Arm’s blockbuster debut.
Mentioned in this podcast:
Strike pits US auto union in existential struggle over shift to electric vehicles
Rishi Sunak decides against attending UN General Assembly
Instacart raises IPO price range after success of Arm listing
Tell us: How will the US student loan repayments restart affect you? https://sayhi.chat/lmhgui
Any voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platforms
Credit: CLIP WXYZ-TV Detroit | Channel 7; UAW President Shawn Fain
Credit: CLIP CBS Detroit
Credit: CLIP UAW; Shawn Fain
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Digital cash and culture wars
Shares in chip designer Arm jumped by 25 per cent as it began trading on the Nasdaq exchange yesterday, and the European Central Bank has raised interest rates to an all-time high. Plus, the FT’s Siddharth Venkataramakrishnan explains how digital cash got caught up in the culture wars.
Mentioned in this podcast:
Arm shares jump by 25% on first day of trading
ECB raises interest rates to all-time high
How digital cash got caught up in the culture wars
Tell us: How will the US student loan repayments restart affect you? https://sayhi.chat/lmhgui
Any voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platforms.
Read a transcript of this episode on FT.com
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CEO exit throws wrench into BP
Rising energy costs pushed US inflation above forecasts in August, Bernard Looney’s resignation from BP puts the oil company’s green energy transition into doubt, and China is walking back a corruption crackdown in the country’s healthcare sector.
Mentioned in this podcast:
US inflation rises in August as petrol prices jump
BP chief Bernard Looney resigns over past relationships with colleagues
Bernard Looney’s exit throws BP’s strategy into doubt
China’s corruption crackdown rips through healthcare sector
Tell us: How will the US student loan repayments restart affect you? https://sayhi.chat/lmhgui
Any voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platforms
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
IPO within Arm’s reach
BP’s chief executive Bernard Looney is resigning and SoftBank’s Arm is set to hit the public market on Thursday. Plus, we look at why Germany’s economy is stalling and how its economic woes are hurting its neighbours.
Mentioned in this podcast:
BP chief Bernard Looney resigns over past relationships with colleagues
Arm targets valuation of up to $52bn in IPO
Olaf Scholz vows to cut bureaucracy as German economic woes mount
Polish zloty’s fall highlights tricky balancing act of central banks
Tell us how the US student loan repayments restart affect you? https://sayhi.chat/lmhgui
Any voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platforms
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Coming soon: Can AI help us speak to animals?
Some scientists believe that rapid advances in artificial intelligence may also hold the key to decoding animal sounds, allowing us to ‘translate’ them into human language. In a new season of Tech Tonic, FT innovation editor John Thornhill and series producer Persis Love explore how the same technology that powers ChatGPT is being applied to research in animal communication. Could we one day learn to ‘speak whale’ or even chat with bats? And if so, can we trust ourselves to do so responsibly?
Subscribe now to the FT's Tech Tonic podcast
Presented by John Thornhill, produced by Persis Love, sound design by Breen Turner and Sam Giovinco. The executive producer is Manuela Saragosa and Cheryl Brumley is the FT’s head of audio.
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Why the euro is on a losing streak
Norway’s $1.4tn sovereign wealth fund has become the biggest shareholder in UBS, a landmark antitrust trial between Google and the US government starts today, and the FT’s Mary McDougall explains why the euro is having such a tough time.
Mentioned in this podcast:
Norway’s $1.4tn oil fund becomes top UBS shareholder
Google prepares for biggest US antitrust showdown since Microsoft
Euro suffers eight-week losing streak as economy falters
Will the ECB deliver one more rate rise?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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India shines at G20 summit
PwC is planning to give up tens of millions of dollars of consulting work for its US audit clients, Australia’s biggest pension fund is going big on digital infrastructure, and Venezuelan government bonds are having a moment. Plus, the FT’s John Reed explains why this year’s G20 summit was a huge win for India.
Mentioned in this podcast:
G20 backs bigger role for reformed World Bank
PwC to curtail consulting work for US audit clients to reduce conflict risk
Western nations accept ‘climbdown’ on Ukraine to salvage G20’s relevance
Venezuelan bonds rally as investors bet on detente with Washington
Credit: Piers Morgan Uncensored
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Biden courts India at G20
India hosts the G20 summit this weekend, Germany is pushing the European Commission to postpone tariffs on electric vehicle sales between the UK and the EU, Apple shares are taking a beating, and Huawei has seen a resurgence despite sanctions from the United States.
Mentioned in this podcast:
Joe Biden pushes for bigger World Bank to combat China’s rising influence
Germany backs EV tariff delay in boost to Sunak
US to check on chips used in Huawei’s ‘Made in China’ smartphone
Apple stock hit by China worries ahead of iPhone 15 launch
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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EU pushes back on ‘too big to care’ tech companies
US and European corporate bond markets have started September with a bang, the EU released a list of digital services that will have to comply with the bloc’s new regulations, and the FT’s Alice Hancock explains how Europe’s drought is hitting the agriculture and energy industries.
Mentioned in this podcast:
US and European companies rush to issue debt before rate decisions
Big Tech faces fresh legal obligations as Brussels lists services bound by new rules
Retail investors power into uranium
Europe’s water crisis: how supplies turned to ‘gold dust’
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Ukraine doubles down on counteroffensive
The EU’s competition commissioner Margrethe Vestager is stepping aside, and the UK has clawed back less than 2 per cent of losses owing to fraud and error on business grants during the Covid-19 pandemic. Plus, Ukraine is doubling down on its counteroffensive.
Mentioned in this podcast:
Didier Reynders to take over as EU competition chief
UK government ‘slow to take action’ on Covid-19 grant losses, say MPs
Military briefing: Kyiv ignores calls for reset of its ‘sneak and peek’ tactics
Travis Kalanick’s excellent (and secret) venture
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Solving America’s shortage of accountants
Lloyds Banking Group joins HSBC and US group Citi in ordering employees back into the office, a shortage of accountants is causing problems in the US and Brazil’s former president, Jair Bolsonaro, is caught up in a scandal over expensive jewellery from his time in office. Plus, the FT’s Courtney Weaver on the FT’s latest podcast series, ‘The Russian Banker’, about a controversial Russian financier who fled to the US.
Mentioned in this podcast:
Shortage of young accountants leads BDO USA to double offshore workforce
Brazil’s jewellery scandal adds to Jair Bolsonaro’s legal woes
UK banks tighten up on work from home
The Russian Banker, Part 1: The raid
The FT News Briefing is produced by Josh Gabert-Doyon, Manuela Saragosa, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Secret paper trail reveals hidden Adani investors
Global growth is set to slow next year after outperforming economists’ expectations so far in 2023, American mothers are re-entering the workforce at high rates, and the Hollywood strikes are starting to bite into California’s economy. Plus, the FT’s Dan McCrum unpacks his latest investigation into India’s Adani Group.
Mentioned in this podcast:
Economists grow gloomier on 2024 as central banks delay rate cuts
Adani shares slide and politicians demand action after reports on hidden investors
Secret paper trail reveals hidden Adani investors
Hollywood strikes take $5bn bite out of California economy
American mothers re-enter the workforce at high rates
Brazil’s jewellery scandal adds to Jair Bolsonaro’s legal woes
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The ECB is in a pickle
UBS has reported the biggest-ever quarterly profit for a bank, eurozone core inflation has edged down, and Switzerland has proposed sweeping measures to clamp down on money laundering.
Mentioned in this podcast:
UBS breaks record with $29bn profit after Credit Suisse deal
‘Deal of the century’ — How UBS’s rescue of Credit Suisse proved a boon
Eurozone core inflation edges down ahead of crunch ECB decision
Switzerland unveils money laundering clampdown
FT Weekend festival promo code: FTPodcast
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Another coup in Africa
Military officers in oil-rich Gabon said they had seized power, US commerce secretary Gina Raimondo wrapped up a visit to China, and the billionaire founder of Apple supplier Foxconn is running for president of Taiwan.
Mentioned in this podcast:
Fed warned Goldman Sachs over risks and compliance oversight at fintech unit
Military leaders seize power in oil-rich Gabon
US commerce secretary hails ‘new approach’ to handling China business frictions
Foxconn founder Terry Gou launches bid for Taiwan presidency
Correction: An earlier version of this episode said hat Terry Gou, the Taiwanese tycoon and Foxconn founder was running for president with an opposition party closely aligned with China. That was a mistake. Gou has urged opposition parties to join forces with him in the forthcoming election, but they haven’t agreed to do so. And Taiwan’s opposition parties are not closely aligned with China, although they do favour an easing of tensions with Beijing.
Looking for a fresh perspective on the news? Meet FT Edit - the new app from the Financial Times. FT Edit brings you eight hand-picked stories to surprise and inform you, every weekday. Try FT Edit now: https://on.ft.com/446sxYS
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Why Europe can’t quit Russian energy
The EU is set to import record volumes of liquefied natural gas from Russia this year, asset management firm Grayscale won a US court ruling to launch an exchange traded fund tracking bitcoin, and Goldman Sachs has used a fund set up with Chinese state money to buy a series of US and UK companies.
Mentioned in this podcast:
EU imports record volumes of liquefied natural gas from Russia
Grayscale scores major court win against SEC on bitcoin ETF
Goldman Sachs bought UK and US companies using Chinese state funds
Job market slowdown fuels bets Fed will hold fire on rates this year
Looking for a fresh perspective on the news? Meet FT Edit - the new app from the Financial Times. FT Edit brings you eight hand-picked stories to surprise and inform you, every weekday. Try FT Edit now: https://on.ft.com/446sxYS
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
An unlikely alliance in Brazil
Goldman Sachs plans to sell one of its personal financial management divisions, Brazil's president, Luiz Inácio Lula da Silva, is close to sealing an unlikely alliance, and the European defence industry is struggling to keep up with demand for ammunition for the Ukraine war. Plus, European Council president Charles Michel proposes a target date for adding new members to the EU.
Mentioned in this podcast:
Goldman Sachs sells financial planning unit as part of consumer retreat
El Niño’s storm clouds gather over global food prices
Lula nears pact with Brazilian rightwingers to boost passage of agenda
Boom in the woods: inside a munitions group’s fight to boost production
EU must be ready to accept new members by 2030, Michel to propose
Credit: European Council: President Michel @ Bled Strategic Forum 2023
Looking for a fresh perspective on the news? Meet FT Edit - the new app from the Financial Times. FT Edit brings you eight hand-picked stories to surprise and inform you, every weekday. Try FT Edit now: https://on.ft.com/446sxYS
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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In search of a new economic playbook
Chinese corporate earnings reports are forecast to log poor performance and companies are set to downgrade outlooks, and policy makers walked away from Jackson Hole acknowledging they need to adjust to the changing global economy. Plus, the FT’s Jamie Smyth explains why Ireland is still in a good position for the life science industry boom despite a higher corporate tax.
Mentioned in this podcast:
Chinese companies’ earnings to lay bare impact of economic slowdown
‘No playbook’: policymakers face up to changing global economy at Jackson Hole
‘Talent is key’: Ireland brushes off tax rise and prepares for next life sciences boom
Corporate sponsors turn against Spain football chief over World Cup kiss
Credit: Reuters Protesters in Spain call Luis Rubiales to resign
Credit: Bloomberg Television ECB's Lagarde on Global Economic Environment, Inflation
Looking for a fresh perspective on the news? Meet FT Edit - the new app from the Financial Times. FT Edit brings you eight hand-picked stories to surprise and inform you, every weekday. Try FT Edit now: https://on.ft.com/446sxYS
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Putin breaks his silence on Prigozhin
Russia's leader Vladimir Putin on Thursday publicly said warlord Yevgeny Prigozhin was dead, the emerging markets group Brics has invited six more countries to join, and Turkey’s central bank has sharply boosted interest rates. Plus, biomedical companies are under more pressure to stop using horseshoe crabs for testing.
Mentioned in this podcast:
Putin says Prigozhin is dead in first Kremlin reaction to plane crash
Brics leaders invite 6 nations including Saudi Arabia to join bloc
Turkey raises interest rates as it steps up decisive shift in economic policy
Use of horseshoe crabs’ blue blood puts pharma groups under scrutiny
FT Weekend festival promo code: FTPodcast
Rachman Review: The end of Prigozhin
Looking for a fresh perspective on the news? Meet FT Edit - the new app from the Financial Times. FT Edit brings you eight hand-picked stories to surprise and inform you, every weekday. Try FT Edit now: https://on.ft.com/446sxYS
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Wagner group’s Prigozhin presumed dead
Wagner mercenary group leader Yevgeny Prigozhin has reportedly died after a plane crash north-west of Moscow, Nvidia’s revenue more than doubled in the latest quarter on soaring demand, and US regulators are imposing tougher disclosure rules on private funds. Plus, the FT’s Eli Meixler unpacks the latest developments in Thailand’s government.
Mentioned in this podcast:
Yevgeny Prigozhin in fatal plane crash, Russian officials say
Nvidia’s AI boom exceeds Wall Street’s lofty hopes
US regulators impose tougher disclosure rules on private funds
Thailand’s former PM Thaksin Shinawatra jailed after return from exile
Looking for a fresh perspective on the news? Meet FT Edit - the new app from the Financial Times. FT Edit brings you eight hand-picked stories to surprise and inform you, every weekday. Try FT Edit now: https://on.ft.com/446sxYS
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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All eyes on Jackson Hole
Markets are looking for signals from Federal Reserve chair Jerome Powell during this week’s Jackson Hole symposium, global stock markets have lost about $3tn in value this month and there has been a mixed reaction to China’s approach to monetary policy.
Mentioned in this podcast:
Central bankers to make ‘higher-for-longer’ rate pitch at Jackson Hole
Global stocks head for worst month in nearly a year
China’s rate caution shines light on $56tn banking system
Credit: Fox News Brian Kilmeade: Welcome to the biggest week for our GOP presidential contenders
Credit: CBS News: Trump planning to skip GOP primary debates
Looking for a fresh perspective on the news? Meet FT Edit - the new app from the Financial Times. FT Edit brings you eight hand-picked stories to surprise and inform you, every weekday. Try FT Edit now: https://on.ft.com/446sxYS
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Can Arm’s listing reignite the IPO market?
Description:
The sell-off in US government debt continued to hit the world’s largest bond market on Monday, and Silicon Valley start-ups are wondering whether Arm’s listing will reignite the IPO market. Plus, the FT’s foreign editor, Alec Russell, explains why a new geopolitical order is emerging.
Mentioned in this podcast:
US Treasury yields hit 16-year high on fears over interest rate outlook
Silicon Valley start-ups revive listing plans as Arm reignites IPO market
The à la carte world: our new geopolitical order
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Drought causes headaches for Panama Canal
Some of private equity’s biggest names are handing over companies they own to the lending arms of rivals, and Iran is dealing with the consequences of ultra-cheap petrol. Plus, the FT’s Christine Murray explains how the shipping industry is dealing with a severe drought that’s slowing down traffic through the Panama Canal.
Mentioned in this podcast:
Private equity firms hand over assets to creditors as distress rates rise
Iran grapples with unintended consequences of ultra-cheap petrol
Severe drought in Panama hits global shipping industry
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Saudi Arabia and UAE race to buy computer chips
US mortgage rates have soared to a 21-year high, US retailer earnings reports send mixed messages on consumer spending, and Saudi Arabia and the United Arab Emirates are buying up thousands of the high-performance Nvidia chips crucial for building artificial intelligence software.
Mentioned in this podcast:
Walmart sales rise as inflation keeps consumers hunting for bargains
Target sales hit by Pride backlash and consumer caution
Saudi Arabia and UAE race to buy Nvidia chips to power AI ambitions
‘People were losing their mind’: Russia’s bootleg Barbie viewings
FT Weekend festival promo code: FTPodcast
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Introducing: The Russian Banker
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New pain for China’s property sector
Lower gas and electricity costs drove a sharp drop in headline UK inflation in July, Fitch Ratings has downgraded WeWork, and there’s increasing anxiety in China over the real estate sector’s stability.
Mentioned in this podcast:
UK inflation slows to 6.8% in July as energy prices fall
WeWork credit rating cut further into junk territory by Fitch
Retail investors complain to Chinese regulator about Zhongzhi
Country Garden crisis brings new pain to China’s property sector
Looking for a fresh perspective on the news? Meet FT Edit - the new app from the Financial Times. FT Edit brings you eight hand-picked stories to surprise and inform you, every weekday. Try FT Edit now: https://on.ft.com/446sxYS
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A year of the Inflation Reduction Act
US stocks hit a five-week low as a warning of potential Fitch downgrades sent bank shares lower, Beijing is making one of its biggest top-down efforts in years to tackle the debts racked up by local governments, and a year after passage of the US Inflation Reduction Act and Chips Act the vast majority of investment is going to red states.
Mentioned in this podcast:
US and European stocks hit five-week lows after strong retail sales data
China sends finance experts to tackle regions’ debts
Republican districts dominate US clean technology investment boom
Pink Floyd strike a chord as scientists recreate song from brain activity
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A looming ESG crackdown
A surprise election result in Argentina spooked markets, iPhone manufacturer Foxconn is trying to pivot to India, and it looks like there’s a US regulatory crackdown looming for the sustainable investing world.
Mentioned in this podcast:
Argentina’s markets roil after shock primary election results
iPhone maker Foxconn’s cautious pivot to India shows limits of ‘China plus one’
UBS pays $1.4bn to settle US mortgage bond mis-selling case
SEC lawyers subpoena fund managers over ESG disclosures
Looking for a fresh perspective on the news? Meet FT Edit - the new app from the Financial Times. FT Edit brings you eight hand-picked stories to surprise and inform you, every weekday. Try FT Edit now: https://on.ft.com/446sxYS
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The new commodity superpowers
The rouble has fallen to a 16-month low against the dollar, airlines have joined forces with farmers to lobby in Washington so that corn helps power their planes, and growing demand for minerals used in green technology is starting to shake up the geopolitics of the energy world.
Mentioned in this podcast:
Rouble hits 16-month low as military spending rises and exports fall
US airlines ally with farmers to seek subsidies for corn as jet fuel
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Peak social media: The future
In the final episode of this Tech Tonic season, FT correspondents weigh in on the trends that will determine the future of social media. From Meta’s Threads to artificial intelligence, we ask how platforms will look and feel in years to come. The FT’s deputy Lex editor, host Elaine Moore, speaks with social media reporter Cristina Criddle, global technology correspondent Tim Bradshaw and San Francisco-based tech reporter Hannah Murphy. Plus, we hear from Evan Henshaw-Plath, one of the creators of Twitter.
Presented by Elaine Moore. Produced by Edwin Lane and Josh Gabert-Doyon, executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley.
Further reading (free to read) on FT.com:
Cristina Criddle: TikTok reshapes ecommerce unit in bid to crack western markets
Cristina Criddle: TikTok prepares ‘Project S’ plan to break into online shopping
Tim Bradshaw: Meta’s Threads is a throwback to the giddy early days of Twitter
Hannah Murphy: Meta to release commercial AI model in effort to catch rivals
Hannah Murphy: Linda Yaccarino’s vision for Twitter 2.0 emerges
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US inflation is still on the right track
Iran has transferred five US citizens from prison to house arrest, US headline inflation in July rose slightly from June, and in Mexico the influence of the military has grown dramatically.
Mentioned in this podcast:
Iran transfers five imprisoned Americans to house arrest
US inflation edges up to 3.2% in July
The militarisation of Mexico’s economy
FT Weekend festival promo code: FTPodcast
Looking for a fresh perspective on the news? Meet FT Edit - the new app from the Financial Times. FT Edit brings you eight hand-picked stories to surprise and inform you, every weekday. Try FT Edit now: https://on.ft.com/446sxYS
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China’s economy falls into deflation
Walt Disney reported quarterly results that showed declines at its television and movie businesses, China’s economy has fallen into deflation, and President Joe Biden is banning US tech investment in China. Plus, the FT’s Owen Walker explains why more and more countries in Europe are instituting windfall taxes on banks.
Mentioned in this podcast:
Disney shares jump after streaming losses narrow
Chinese economy falls into deflation as recovery stumbles
White House unveils ban on US investment in Chinese tech sectors
Italy joins wave of windfall taxes on banks across Europe
Google and Universal Music negotiate deal over AI ‘deepfakes’
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The weight-loss drug craze
The UK government is pushing back against an attempt by some members of the House of Lords to close loopholes in transparency legislation, US bank stocks fell after Moody’s cut the credit ratings of 10 midsized banks, and the FT’s Jamie Smyth explains the craze behind new weight-loss drugs.
Mentioned in this podcast:
UK government resists moves to tighten corporate transparency rules
Weak bank stocks weigh on US and European markets
Novo Nordisk’s obesity drug cuts risk of strokes and heart attacks
Orange juice futures hit record high after storms ravage Florida crop
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Why admitting Ukraine into the EU is tricky
Meta has axed a team that used artificial intelligence to create the first database of more than 600mn protein structures, and PayPal is launching a stablecoin. Plus, the FT’s Henry Foy explains why it’s so difficult for the EU to admit new members, Ukraine in particular.
Mentioned in this podcast:
Meta disbands protein-folding team in shift towards commercial AI
PayPal pushes deeper into crypto payments with stablecoin launch
The ‘monumental consequences’ of Ukraine joining the EU
FT Weekend podcast: David Byrne on Talking Heads and ‘Here Lies Love’
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Latin American central banks’ head start
Private equity firms are increasingly offering sweeteners such as fee discounts to secure backing from deep-pocketed investors, US banks are still relying on hundreds of billions of dollars in government financing, and Latin America’s central banks have started cutting interest rates.
Mentioned in this podcast:
Private equity firms offer sweeteners in struggle to lure reluctant investors
Britain’s investors shy away from UK defence companies
Regional lenders struggle to get off government life support
Latin America’s central banks declare victory in war on inflation
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Peak social media: Building better platforms
Can we get rid of the bad bits of social media and keep the good? Is it possible to create a more positive social media experience than the one we get from the platforms that dominate the landscape today? In this episode, Elaine Moore asks what the social media platforms of the future should look like, and whether platforms designed for smaller groups of users with shared interests are the way forward.
We hear from writer and tech historian Benj Edwards about the BBS era of the early 1990s; University of Massachusetts professor Ethan Zuckerman; Sarah Gilbert, researcher at Cornell University and Reddit moderator; and Jonathan Abrams, partner at 8-Bit Capital and the creator of Friendster.
Presented by Elaine Moore. Produced by Edwin Lane and Josh Gabert-Doyon, Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley. Special thanks to Hannah Murphy.
Mentioned in this podcast:
The Lex Newsletter: Reddit and the API apocalypse
Discord has won over gamers. Now it wants everybody else
Reddit stands firm in clash with users as blackout on forums escalates
Hosted on Acast. See acast.com/privacy for more information.
Bank of England continues interest rate rise campaign
Stronger than expected online sales helped Amazon beat Wall Street expectations for last quarter, and the Bank of England raised interest rates for the 14th time in a row. Plus, the FT’s Christopher Miller explains the strategy behind a series of drone attacks on Moscow.
Mentioned in this podcast:
Amazon’s cost-cutting and online sales lift earnings
Apple profits rise as services arm surpasses 1bn users
Bank of England raises interest rates by 0.25 percentage points
Treasury yields keep climbing after US increases borrowing plans
FT Weekend festival promo code: FTPodcast
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A hard landing for Europe?
Investors are increasing their bets that Europe will sink into a painful economic downturn, and luxury groups are bracing for the end of the post-pandemic recovery boom. Plus, the FT’s Tokyo bureau chief Kana Inagaki explains why Nissan’s focus on regaining ground in China might be a bit of an uphill battle.
Mentioned in this podcast:
Investors turn gloomy over Europe’s economic outlook
Luxury sector slows after ‘bonkers’ post-pandemic spending spree
Why Nissan’s woes in China are not just about electric vehicles
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Trump indicted over attempt to overturn 2020 election
US prosecutors have charged Donald Trump in connection with his attempts to overturn the results of the 2020 election, Uber reported its first operating profit, and Fitch Ratings has cut the US debt rating from triple A to double A plus. Plus, the US Federal Reserve has become a target for Republican presidential candidates.
Mentioned in this podcast:
Donald Trump indicted over attempt to overturn 2020 election
Uber makes first operating profit after racking up $31.5bn of losses
Fitch strips US of triple A rating after borrowing stand-off
Ron DeSantis vows to crack down on Federal Reserve’s ‘social engineering’
Uniper’s chief vows to deliver a ‘good return’ for Berlin after state rescue
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Booming markets neutralise impact of Fed's interest rate rises
Rising stock prices and falling bond yields in the US have essentially neutralised the impact of the Federal Reserve’s interest rate rises, western oil and gas majors are expected to face renewed scrutiny of their energy transition plans, and China’s metals and mining investments overseas are on track to hit a record this year. Plus, the private equity owners of German sandal maker Birkenstock are considering an initial public offering of the company.
Mentioned in this podcast:
US stocks notch longest monthly winning streak in two years
Booming markets neutralise impact of rate rises on US corporate fundraising
China’s overseas investment in metals and mining set to hit record
Oil majors to face energy transition scrutiny as war profit boost fades
Birkenstock owner eyes $8bn valuation in September IPO
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The economic impact of extreme heat
The Bank of Japan announced that it’s going to allow bonds to rise more freely, and China’s politburo has signalled several target measures meant to boost the country’s economy. Plus, the FT’s Attracta Mooney explains how more frequent heat waves will impact several different industries and the economy as a whole.
Mentioned in this podcast:
Investment flows poised for historic shift after ‘giant leap’ by Bank of Japan
What China’s economic measures mean in practice
How an era of extreme heat is reshaping economies
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Peak social media: The power of influencers
Social media today is less about making friends and more about following popular content creators. While those creators are starting to hold some power over the platforms themselves, they’re also looking to become less reliant on the platforms that have enabled them to find fame and fortune online. What does it mean for the future of social media platforms? Our producer Josh Gabert-Doyon travels to the VidCon convention in Anaheim, California to speak to the people at the heart of the creator economy.
We hear from Kris Collins, a TikTok and YouTube star who goes by the name @KallmeKris and her agent Keith Bielory, as well as Megan Lightcap, a VC investor who specialises in the creator economy, and Lindsey Lugrin, founder of the creator start-up Fuck You Pay Me, which is pushing for pay transparency and higher remuneration in the sector.
Mentioned in this podcast:
Why social media is hardly social any more
YouTube Shorts takes on TikTok in battle for younger users
What de-influencing tells us about the state of the creator economy
Presented by Elaine Moore. Produced by Edwin Lane and Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley. Special thanks to Hannah Murphy and Cristina Criddle.
We're keen to hear more from our listeners about this show and want to know what you'd like to hear more of, so we're running a survey which you can find at ft.com/techtonicsurvey. It takes about 10 minutes to complete and you will be in with a chance to win a pair of Bose QuietComfort earbuds.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Stricter rules for US banks
The European Central Bank has raised interest rates back to their record high, and US bank regulators have advanced plans to impose more arduous capital requirements on the country’s large lenders. Plus, the FT’s Elaine Moore says the Twitter/X rebrand doesn’t make sense, but that’s kind of the whole point.
Mentioned in this podcast:
ECB raises interest rates back to record high
Regulators announce ‘Basel III endgame’ rules for large US banks
Twitter/X: maverick rebrand leaves Musk with a cross to bear
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Tom Stokes, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US hits highest interest rates in 22 years
The Federal Reserve raised its benchmark interest rate by a quarter of a percentage point, Facebook parent Meta returned to double-digit revenue growth for the first time since the end of 2021, and US federal prosecutors charged British billionaire Joe Lewis with 19 counts related to insider trading. Plus, China’s foreign minister Qin Gang vanished a month ago and was not replaced until this week.
Mentioned in this podcast:
Federal Reserve raises US interest rates to highest level in 22 years
Facebook parent Meta posts strong revenue growth amid restructuring
UK billionaire Joe Lewis surrenders to US authorities on insider trading charges
China insists diplomacy ‘orderly’ after foreign minister’s shock removal
Mattel hails ‘Barbie’ movie success as ‘showcase’ for more brand tie-ups
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A glimmer of hope for the global economy
Alphabet earnings beat expectations, a new report from the IMF says the future of the global economy is looking a little brighter than it did a few months ago, and the troubled regional bank PacWest has agreed to merge with Banc of California. Plus, the FT’s James Shotter explains the role Israeli businesses are playing in protesting the country’s judicial reforms.
Mentioned in this podcast:
Alphabet revenue beats forecasts on robust digital ad performance
IMF upgrades forecasts but warns global economy ‘not out of the woods’
US regional lenders PacWest and Banc of California agree merger
Israel’s protesters prepare next phase of battle for democracy
Leading Israeli businesses to strike in protest at judicial reforms
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Spain in political limbo
Credit Suisse has been fined $388mn by US and British regulators, and Spain is facing an uncertain political future as the right and left failed to secure a clear path to forming a government. Plus, Top US consultancies are struggling to attract business in China as Beijing’s national security raids scare away local clients.
Mentioned in this podcast:
Credit Suisse fined $388mn over Archegos collapse
Spain faces uncertain political future after election deadlock
Work dries up for US consultancies in China after national security raids
LVMH becomes late addition to running order of Paris Olympic sponsors
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A missed shot for women’s football
America’s risky corporate loan market has been hit by the biggest slew of downgrades since the depths of the Covid crisis in 2020, and European banks with large retail arms are expected to report big second-quarter profits. Plus, the FT’s sports editor Josh Noble explains why the commercial rollout of the Women’s World Cup has been so disappointing.
Mentioned in this podcast:
US junk loan market hit with flurry of credit rating downgrades
UK banks share more of the benefits of interest rate hikes
Commercial rollout of Women’s World Cup criticised as missed opportunity
Bombs, car chases and ‘free money’: Dutch gangs blow up German cash machines
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Tom Stokes, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Peak social media: The debate over young users’ mental health
There’s a growing feeling that social media is bad for us: bad for society and bad for our wellbeing. That trend has culminated in a new wave of legislation in the United States aiming to address social media’s impact on young people’s mental health. But in this episode, Elaine Moore, deputy editor of the FT’s Lex column, looks at some of the unanswered questions over whether social media really causes us harm, and what legislation will mean for the future of the social media business model. Are we in the throws of a technological panic?
In this episode, the third in a series on social media, Elaine speaks to Emma Lembke, co-founder of youth advocacy group Log Off; Katie Paul, director at the Tech Transparency Project; Amy Orben, head of the Digital Mental Health Group at the University of Cambridge; and FT tech reporter Hannah Murphy.
Since the publication of Katie Paul’s investigation into the trade of looted Middle Eastern antiquities on Facebook, Meta has changed its policy on the sale of historical artefacts.
Presented by Elaine Moore. Produced by Edwin Lane and Josh Gabert-Doyon, Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley.
We're keen to hear more from our listeners about this show and want to know what you'd like to hear more of, so we're running a survey which you can find at ft.com/techtonicsurvey. It takes about 10 minutes to complete and you will be in with a chance to win a pair of Bose QuietComfort earbuds.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Treatments for Alzheimer’s, finally
The Nasdaq Composite had its biggest one-day drop in more than four months, the winner of Thailand’s general election has been suspended from parliament, and the FT’s Clive Cookson tells us about two huge breakthroughs in the treatment of Alzheimer’s.
Mentioned in this podcast:
Nasdaq drops more than 2% after Netflix and Tesla results disappoint
Thai election winner blocked from premiership
Eli Lilly drug shown to slow Alzheimer’s progression
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Saffeya Ahmed, Monica Lopez, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Signs of a UK inflation cool-down
A crackdown on password sharing helped Netflix add nearly 6mn subscribers, UK inflation fell to a 15-month low of 7.9 per cent in June, Ukraine’s armed forces are having a hard time with Russian mines and Spain’s Sunday election could mean the end of Pedro Sánchez’s time as prime minister.
Mentioned in this podcast:
Netflix’s password-sharing crackdown pays off with nearly 6mn new subscribers
UK inflation falls more than expected to 7.9% in June
Could the UK inflation crisis be at a turning point?
Military briefing: the mines stalling Ukraine’s advance
‘Spain first’: Vox party on brink of sharing power
Rachman Review podcast: Spain's lurch to the right
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Russia targets western companies
Big investment banks are turning more bearish on the dollar, and Europeans struggle with a near-record heatwave. Plus, the FT’s Anastasia Stognei explains why Russia is starting to seize assets from food and beverage companies.
Mentioned in this podcast:
Kremlin oligarchs circle Danone and Carlsberg’s Russian assets
Wall Street banks ditch bullish dollar bets over ‘soft landing’ hopes
Scorching Europe struggles to adapt to near-record temperatures
Carlos Ghosn says he filed $1bn lawsuit so Nissan managers cannot ‘sleep quietly
Reuters: Carlos Ghosn speaks online at Japan press conference
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China’s economic slump
Thames Water’s biggest investor slashed the value of its stake last year, Ford’s steep price cut for its electric pick-up truck rattled shareholders and BlackRock will offer retail investors more of a voice in its biggest exchange traded fund. Plus, the FT’s Thomas Hale unpacks what’s ailing China’s economy.
Mentioned in this podcast:
Thames Water’s biggest investor cut value of its stake by 28%
Does Xi Jinping need a plan B for China’s economy?
Ford shares sink after steep price cuts for electric pick-up truck
BlackRock offers a vote to retail investors in its biggest ETF
BlackRock: investor votes are no revolution in shareholder democracy
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Can Tories prevent a massive defeat?
The EU wants other polluting nations to cut emissions faster. Three of the largest US banks reported a surge in profits last week from charging more for loans as more US banks report this week. Plus the FT’s political editor, George Parker, examines how the UK conservative party might squeeze out a win during the country’s next general election.
Mentioned in this podcast:
‘We are on for a massive defeat’: can the Tories prevent the inevitable?
Large US banks reap bumper profits on Federal Reserve rate rises
EU pushes other polluting nations to cut emissions faster
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Saffeya Ahmed (suff-YUH, EH-med) Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Peak social media: The ads machine
Mark Zuckerberg used advertising to turn Facebook into the first global social media giant, boasting 3bn users around the world. But today there are questions about the business model that has powered it for the past 15 years, and what Zuckerberg’s new focus on building the Metaverse means for the platform that started it all. Elaine Moore speaks to veteran Silicon Valley investor Roger McNamee, one-time advisor to Zuckerberg; writer and researcher Tim Hwang, author of Subprime Attention Crisis; and Steven Levy, editor at large at Wired and author of Facebook: The Inside Story. Meta declined a request for an interview for this episode, but directed us to their Q1 2023 earnings.
Presented by Elaine Moore. Produced by Edwin Lane and Josh Gabert-Doyon, Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley. Special thanks to Hannah Murphy
Clips: Meta, US Senate.
We're keen to hear more from our listeners about this show and want to know what you'd like to hear more of, so we're running a survey that you can find at ft.com/techtonicsurvey. It takes about 10 minutes to complete and you will be in with a chance of winning a pair of Bose QuietComfort earbuds.
Read a transcript of this episode on FT.com
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ChatGPT generates US investigation
The UK government has invited Saudi Crown Prince Mohammed bin Salman to London, and US regulators are going after the company behind ChatGPT. Plus, the FT’s Beijing bureau chief, Joe Leahy, explains how China’s youth are dealing with high levels of unemployment.
Mentioned in this podcast:
ChatGPT maker investigated by US regulators over AI risks
Prince Mohammed bin Salman invited to visit UK in autumn
Rachman Review: Will this year’s climate talks be a washout?
China’s youth left behind as jobs crisis mounts
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US inflation cools
US inflation fell sharply to 3 per cent in June, the $1.35tn US junk bond market has shrunk by almost $200bn since its all-time peak in late 2021, and tensions started to boil over during Nato’s two-day summit.
Mentioned in this podcast:
US inflation slows to 3% as interest rate rises bite
US junk bond market shrinks as rising rates put off borrowers
‘We’re not Amazon’: tensions with Ukraine surface at Nato summit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A big win for Microsoft’s Activision deal
Jeremy Hunt has ordered ministers to find more than £2bn to fund public sector pay rises this year, JPMorgan is trying to scoop up Silicon Valley Bank’s clients, and a US court denies a watchdog’s request to block the Microsoft-Activision merger
Mentioned in this podcast:
Nvidia in talks to be an anchor investor in Arm IPO
JPMorgan hires dozens of start-up bankers to capitalise on SVB collapse
US judge denies FTC attempt to block Microsoft’s Activision deal
Behind the Money: Frances Haugen’s lessons as a Facebook whistleblower
JPMorgan expands startup banking team abroad with ex-SVB hires
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Nato torn over Ukraine’s membership bid
Hedge funds have cut their bets on a rising US stock market to the lowest level in at least a decade and pivoted to Europe, a top US banking regulator has announced tougher capital rules for a broader range of lenders, and Dutch PM Mark Rutte is quitting politics after the collapse of his coalition. Plus, the FT’s Henry Foy explains why Nato is torn over whether to admit Ukraine.
Mentioned in this podcast:
Hedge funds slash bets on US after rally and pivot to Europe
Top US bank watchdog outlines tougher rules for larger lenders
Nato’s dilemma: what to do about Ukraine’s bid to join?
Erdoğan links Sweden’s Nato bid with Turkey’s EU accession
Dutch PM Mark Rutte to quit politics after collapse of coalition
Correction: In the July 10 episode of the FT News Briefing we mistakenly described the UK Chancellor’s annual speech as the Madison speech. It is the Mansion House speech. We regret the error.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Loan losses mount for US banks
Israel is set to start voting on controversial judicial reforms on Monday and the largest US banks are expected to report the biggest jump in loan losses since the onset of the pandemic. Plus, global manufacturers are shifting business out of China to Vietnam.
Mentioned in this podcast:
Benjamin Netanyahu faces fresh wave of resistance to Israeli judicial reform plans
Wall St to report biggest jump in loan losses since pandemic
Vietnam becomes vital link in supply chain as business pivots from China
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Congo river conservation debate
Investors sold stocks and bonds across the world on Thursday as US borrowing costs touched a 16-year high, US Treasury secretary Janet Yellen is in China, and Meta said more than 30mn people had signed up to its long-awaited competitor to Twitter. Plus, the FT’s Africa editor David Pilling explains why conservation in the Congo has become contentious.
Mentioned in this podcast:
US borrowing costs hit 16-year high as markets roiled by jobs data
Janet Yellen to visit China in new US push to ease tensions
Meta says 30mn people have signed up to Twitter competitor Threads
In search of the ‘village of the elephants’, deep in the central African rainforest
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Protecting elephants in the Congo River Basin
The US and Germany are among the western allies falling behind in delivering promised heavy weapons to Ukraine, and big asset managers are flocking to Latin American bonds and currencies. Plus, the FT’s Africa editor David Pilling introduces us to some conservationists working to protect elephants from poachers in the Congo River Basin.
Mentioned in this podcast:
Latin America’s bonds and currencies lure yield-hungry investors
In search of the ‘village of the elephants’, deep in the central African rainforest
Japan Airlines gives tourists chance to reduce baggage by renting clothes
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Tracking the gorillas of the Congo Basin
Israel’s raid on the West Bank reignites fears of escalating violence, Switzerland is looking into potential Russian sanctions violations and we continue our series on the Congo Basin with David Pilling, the FT’s Africa editor. Plus, meme stock traders shop for Bed Bath & Beyond.
Mentioned in this podcast:
Switzerland questions oil trader over sidestep of Russian sanctions
In search of the ‘village of the elephants’, deep in the central African rainforest
Eight injured after car rams pedestrians in Tel Aviv, say police
Investors spend $200mn on ‘worthless’ Bed Bath & Beyond shares
Today’s FT News Briefing is produced by Manuela Saragosa, Fiona Symon and Josh Gabert-Doyon. Mixing by Simon Panayi. Additional help from Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A deep look inside the Congo River Basin
The UK’s financial watchdog has summoned bank chief executives to address concerns that savings rates are lagging behind the surging cost of mortgages, Internet brand, Yahoo, is planning a return to the public markets, and the FT has released an investigation into sexual allegations toward celebrated architect, David Adjaye. Plus, the FT’s Africa editor, David Pilling, takes us to one of the biggest rainforests in the world.
Mentioned in this podcast:
UK watchdog summons bank bosses to address ‘profiteering’ claim
Yahoo plots return to public markets
Sir David Adjaye: the celebrated architect accused of sexual misconduct
In search of the ‘village of the elephants’, deep in the central African rainforest
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
France’s George Floyd moment
Apple has been forced to make drastic cuts to production forecasts for the mixed-reality Vision Pro headset, French president cancels a trip to Germany as protests continue in Paris over the police killing of a teenager, and the Nasdaq Composite recorded its best first half of the year since 1983. Plus, the FT’s Taylor Nicole Rogers tells us what resuming student loan payments will mean for borrowers and the larger economy.
Mentioned in this podcast:
Apple forced to make major cuts to Vision Pro headset production plans
Police killing of teenager Nahel reopens old wounds for France’s minorities
France suffers fifth night of rioting sparked by killing of teenager
Nasdaq records best start to year in four decades
Millions of US borrowers brace for the return of student debt payments
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Brian Gutierrez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’ global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Peak social media: Trouble at Twitter
Elon Musk took over Twitter with the promise of promoting free speech and making the loss-making platform profitable again. But his critics say he’s destroying Twitter’s culture and driving it to bankruptcy. How much danger is the company really in? In the first episode in a new series of Tech Tonic, Elaine Moore, deputy editor of the FT’s Lex column, asks whether Musk will save Twitter or destroy it.
In this episode we hear from Evan Henshaw-Plath, one of the original creators of Twitter; Rumman Chowdhury, Twitter’s former head of machine learning, ethics, transparency, and accountability who was laid off by Elon Musk; and FT tech reporter Hannah Murphy.
Presented by Elaine Moore. Produced by Edwin Lane and Josh Gabert-Doyon, Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley. Special thanks to Hannah Murphy
Clips: TED Conferences, CBS, Joe Rogan Experience Podcast, MSNBC, CNN
We're keen to hear more from our listeners about this show and want to know what you'd like to hear more of, so we're running a survey which you can find at ft.com/techtonicsurvey. It takes about 10 minutes to complete and you will be in with a chance to win a pair of Bose QuietComfort earbuds.
Read a transcript of this episode on FT.com
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The Thames Water debt debacle
The US Supreme Court has curbed universities’ ability to consider race in admissions, turmoil at the top of Thames Water has left the UK government scrambling to prepare contingency plans, and China has passed a new foreign relations law that deepens President Xi Jinping’s control over the country’s external relations. Plus, the FT’s Raphael Minder explains how Belarus's President Alexander Lukashenko ended up brokering a deal to stop the attempted coup in Russia.
Mentioned in this podcast:
US Supreme Court curbs consideration of race in university admissions
Why Thames Water is under growing strain
China passes foreign relations law to strengthen Xi Jinping’s response to sanctions
Alexander Lukashenko: from Putin’s puppet to Prigozhin’s saviour
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Banks try to avoid ending up like SVB
Sterling suffers biggest one-day fall against the dollar in a month following UK growth fears, US banks are stepping up the sales of their loan portfolios, and Odey Asset Management continues to spiral after an FT investigation into sexual misconduct allegations at the hedge fund.
Mentioned in this podcast:
US banks step up sales of loan portfolios to private lenders
Odey Asset Management in talks with SW Mitchell over Oliver Kelton’s funds
Wall Street shares waver as central bankers warn of more rate rises
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Japan goes all in on chips
Sierra Leone’s president, Julius Maada Bio, has won a second term in office, the US Supreme Court rejects a Republican election plan, and a New York court has ruled that FTX’s Sam Bankman-Fried cannot dismiss the criminal charges against him. Plus, a leading Japanese semiconductor equipment maker has accepted a $6.4bn buyout offer from a state-backed fund.
Mentioned in this podcast:
Bio secures second term as Sierra Leone leader
US Supreme Court affirms state courts’ authority over election rules
Sam Bankman-Fried fails to dismiss criminal charges related to FTX
Japan steps into chip supply chain with $6.4bn JSR deal
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Wagner head downplays attack on Russia
The head of the Wagner militia has denied trying to overthrow the Russian government, and western banks may not be able to participate in the Shanghai IPO of Swiss chemicals group Syngenta. Plus, the Federal Reserve’s campaign to increase interest rates is doing damage to short-term bond yields.
Mentioned in this podcast:
Wagner chief hails march on Moscow as ‘masterclass’ but denies coup bid
Bets on bond renaissance frustrated by stubbornly high inflation
China’s biggest IPO in years poses $9bn question for western banks
Hollywood producer says champagne gifts for Netanyahu may have been ‘excessive’
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Wagner’s 24-hour coup
Wagner troops withdrew from Russia late Saturday night after an abandoned coup attempt on Moscow, Greek prime minister Kyriako Mitsotakis won re-election in a blowout, and foreign investors viewed Turkey’s first interest rate rise in years as a ‘baby step’ towards ending the country’s economic crisis.
Mentioned in this podcast:
Kyriakos Mitsotakis set for return to power in Greek elections
Wagner troops withdraw as Russian uprising leaves Putin weakened
Investor scepticism remains after Turkey’s ‘baby step’ towards ending crisis
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The housing supply problem
Home prices in the US and UK skyrocketed during the coronavirus pandemic. In a special four-part series, we explored how they got so out of whack and what might work to bring back some balance.
Mentioned in this podcast:
Homesharing offers a cheaper alternative to rental accommodation
Turning offices into condos: New York after the pandemic
The Fed’s waiting game: is the US economy finally starting to crack?
How stubborn inflation has undermined the UK housing market
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Hosted on Acast. See acast.com/privacy for more information.
The UK’s ‘mortgage bomb’
The Bank of England’s 50 basis point interest rate rise is causing concern for the UK’s already-high mortgages, and Germany has signed another long-term deal to import more US liquefied natural gas. Plus, the FT’s Aanu Adeoye explains what’s at stake in Sierra Leone’s election this weekend.
Mentioned in this podcast:
‘We’re suffering’: soaring costs create opening for Sierra Leone’s opposition
Bank of England raises interest rates by 0.5 percentage points
Mass UK house repossessions unlikely despite soaring mortgage rates
Germany locks in more US natural gas as it shuns Russian supply
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Modi tries to deepen US tech ties
India’s prime minister Narendra Modi is set to address the US Congress today, and US regulators are accusing Amazon of duping customers into signing up for its Prime service without their consent. Plus, Italy has stripped China’s Sinochem of its influence as the largest shareholder in the Italian tyremaker Pirelli.
Mentioned in this podcast:
India’s Narendra Modi embarks on US state visit to deepen defence and tech ties
Washington’s embrace of Modi carries a price
FTC alleges Amazon ‘tricked and trapped’ customers with Prime subscriptions
Italy strips China’s Sinochem of its influence as Pirelli’s largest investor
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The trials and tribulations of AI voice tech
Singapore’s sovereign wealth fund GIC has accelerated dealmaking in the US, and US president Joe Biden’s son has agreed to plead guilty to tax and firearm possession charges. Plus, the FT’s Madhumita Murgia visited an AI voice technology start-up to explain some of its applications and risks.
Mentioned in this podcast:
Singapore’s GIC accelerates US deals as China cools
Hunter Biden hit with federal tax and firearm charges
Can AI make me a musical star?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US and China meet in an attempt to ease tensions
US Secretary of State Anthony Blinken has met with China's President Xi Xinping in an attempt to ease US-Sino tensions. Plus, the aerospace industry says that flying taxis could soon be on the horizon in cities around the world.
Mentioned in this podcast:
Xi Jinping sees ‘progress’ in China-US ties at meeting with Antony Blinken
Which flying taxi will take off first?
Amazon, Hilton and Starbucks to hire thousands of refugees across Europe
The FT News Briefing was produced by Fiona Symon and Josh Gabert-Doyon. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music and Simon Panayi was the audio engineer.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
AstraZeneca could spin off China business
AstraZeneca has drawn up plans to break out its China business, and France is challenging a German-led plan to build up Europe’s air defences. Plus, US businesses are cutting back on their investments in diversity and inclusion.
Mentioned in this podcast:
AstraZeneca drafts plan to spin off China business amid tensions
France summons allies in challenge to German-led air defence plan
Cuts to investment in diversity threaten gains
Hunt tells ministers to quicken adoption of AI to boost economy
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Martin Wolf on saving democratic capitalism: epilogue
In this last episode of Martin Wolf’s series, the FT’s chief economics commentator sits down with the FT’s executive opinion editor, Jonathan Derbyshire, to give his concluding thoughts on the state of the world’s democracies. Drawing on arguments in Martin’s latest book, The Crisis of Democratic Capitalism, and his conversations in this series, they discuss what role citizens’ juries could play in rectifying some of what has gone wrong in the past couple of decades.
Want more?
Martin Wolf: in defence of democratic capitalism
Citizens’ juries can help fix democracy
For Martin’s FT columns click here
For the FT review of Martin’s book click here
Read a transcript of this episode on FT.com
This episode is presented by Martin Wolf. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Martin Wolf on saving democratic capitalism: Hillary Clinton
In this fourth episode of Martin Wolf’s series, the FT’s chief economics commentator discusses the rise of populist politics with someone who was hit by its hard edge: Hillary Clinton. Drawing on arguments in Martin’s latest book, The Crisis of Democratic Capitalism, they discuss what the future holds for democracy, why female leaders face such extreme misogyny and threats of violence, whether President Biden can win re-election next year, and why Clinton is pinning her hopes on a younger generation of voters.
Want more?
Martin Wolf: in defence of democratic capitalism
Citizens’ juries can help fix democracy
For Martin’s FT columns click here
For the FT review of Martin’s book click here
This episode is presented by Martin Wolf. The producer is Laurence Knight. The executive producer is Manuela Saragosa. The sound engineers are Samantha Giovinco and Breen Turner. The FT's global head of audio is Cheryl Brumley.
Clips: CNN, ABC, CBS, OAN, Fox, BBC, CBC
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Central banks all over the place
UK hedge fund firm Odey Asset Management is being dismantled in the wake of sexual misconduct allegations against its founder and Saudi Arabia has spent almost $8bn on gaming companies in the past 18 months as part of a turbocharged investment spree. Plus, FT markets editor Katie Martin talks about this week’s asynchronous central bank moves.
Mentioned in this podcast:
ECB increases interest rates to highest level since 2001
Chinese economic data fuels gloom over recovery
Saudi Arabia spends billions in drive to dominate global games industry
Odey Asset Management to be broken up
Unhedged podcast: https://link.chtbl.com/Unhedged
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Fed skips an interest rate increase
The US Federal Reserve paused its interest rate rise campaign on Wednesday after 10 straight increases, and former UK prime minister Boris Johnson has been found to have committed “multiple” contempts of parliament. Plus, Russian energy giant Gazprom has been backing militias in the Ukraine war.
Mentioned in this podcast:
Federal Reserve pauses rate rise campaign but signals more to come
Boris Johnson found to have committed ‘multiple’ contempts of parliament
‘Stream’ and ‘Torch’: the Gazprom-backed militias fighting in Ukraine
Beyonce blamed for stubbornly high Swedish inflation
Credit: Beyonce performs Break My Soul in Stockholm
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The housing supply problem: Part 4
EY’s global chief executive Carmine Di Sibio says he is planning to retire next year, and the FT’s Joshua Franklin explains the impact of JPMorgan settling a lawsuit over its 15-year relationship with Jeffrey Epstein. Plus, in the fourth and final part of our housing series, we look at what the government can do to bring down prices.
Mentioned in this podcast:
EY chief Carmine Di Sibio to retire after failure of split plan
JPMorgan to pay up to $290mn to settle Epstein accusers’ lawsuit
The Fed’s waiting game: is the US economy finally starting to crack?
How stubborn inflation has undermined the UK housing market
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Crispin Odey investigation
France is drumming up support for a global levy on greenhouse gas emissions from the shipping industry, and former Italian prime minister Silvio Berlusconi has died. Plus, an explosive FT investigation exposed sexual misconduct allegations against prominent financier Crispin Odey.
Mentioned in this podcast:
France seeks to rally support for emissions levy on shipping
Silvio Berlusconi, Italian prime minister, 1936-2023
How Crispin Odey evaded sexual assault allegations for decades
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Scotland’s Sturgeon arrested
The former first minister of Scotland, Nicola Sturgeon, was arrested on Sunday, Boris Johnson’s exit from UK parliament will have consequences for the Conservative Party. Plus, former US president Donald Trump’s most recent indictment could have implications on his 2024 run for president.
Mentioned in this podcast:
Nicola Sturgeon arrested in probe into SNP finances
Johnson quits parliament in protest at MPs’ ‘kangaroo court’
Trump indictment’s sharp details seen as ‘daunting for the defence’
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Martin Wolf on saving democratic capitalism: resisting autocracy
In this third episode of Martin Wolf’s series, the renowned FT columnist and economist speaks to the journalist and historian Anne Applebaum, who has written extensively about the history of communism and the development of civil society in central and eastern Europe. Drawing on arguments in Martin’s latest book, The Crisis of Democratic Capitalism, they discuss what lies behind a global rise in autocracy and what can be done to counter it.
Want more?
Martin Wolf: in defence of democratic capitalism
For Martin’s FT columns click here
For the FT review of Martin’s book click here
This episode is presented by Martin Wolf. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley. Clips: C-Span, France 24, Soviet radio, BBC, Stanford University, CBS
Read a transcript of this episode on FT.com
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Rishi Sunak comes to Washington
Tesla and General Motors have struck a deal to let the Detroit carmaker’s customers plug in at 12,000 of the Texas company’s roadside chargers, and Turkey eased its long-running battle to defend the lira and the currency plunged. Plus, US President Joe Biden and UK Prime Minister Rishi Sunak on Thursday agreed on an “Atlantic declaration” to strengthen economic ties between the two countries.
Mentioned in this podcast:
Turkish lira slumps as new economic team starts ‘intentional devaluation’
Biden and Sunak unveil ‘Atlantic declaration’ to strengthen economic ties
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Introducing Unhedged
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The housing supply problem: Part 3
The US, Taiwan and Japan will share real-time data from naval reconnaissance drones, India’s deadliest train accident happened despite years of investment, and an architect-developer duo in Baltimore, Maryland, are converting an historic office building into residential housing. But how much can it ease the housing shortage?
Mentioned in this podcast:
US to link up with Taiwan and Japan drone fleets to share real-time data
India’s surging rail investment fails to avert disaster
Turning offices into condos: New York after the pandemic
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Sequoia Capital to spin off its China business
The UK Cabinet Office will tell central government departments to remove all surveillance equipment made by Chinese companies from sensitive sites; and the venture capital giant Sequoia Capital is splitting its China business into a separate entity amid rising tensions between Washington and Beijing. Plus, the destruction of a dam on the front lines of the war in Ukraine has flooded entire towns and forced tens of thousands of people to evacuate.
Mentioned in this podcast:
UK to strip Chinese surveillance cameras from sensitive government sites
Sequoia to spin off its China business
Dam break gives Russia a new weapon in Ukraine War
Saudi Arabia to spend billions on shock merger of PGA Tour and LIV Golf
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
SEC sues world’s largest crypto exchange
US securities regulators yesterday sued the world’s largest crypto exchange and accused Binance of a host of violations, sliding German butter prices are spreading hope of lower food inflation, and global carmakers have been caught off guard by the speed of China’s shift to electric vehicles.
Mentioned in this podcast:
Crypto exchange Binance sued by SEC in latest blow from US regulators
Sliding German butter prices spread hope of lower food inflation
China’s car market has become a Darwinian battleground
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A daring high-wire act: Inside the Asda buyout
Saudi Arabia is cutting oil production, Turkey has a new finance minister and Apple is unveiling a mixed-reality headset today. Plus, the FT’s Kaye Wiggins explains how Asda has been able to take on enormous debt and whether its luck is about to change.
Mentioned in this podcast:
Virtual reality start-ups pin hopes on Apple to lure back funding
Saudi Arabia seeks to boost oil price with output cut of 1mn barrels a day
Asda chair defends £2.3bn deal for UK operations of sister group EG
Turkey’s new finance minister pledges to return to “rational” economic policy
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FTNB Live! FT Weekend Fest in Washington DC
A special live recording of the FT News Briefing at the FT Weekend Festival in Washington, DC. Our terrific colleagues played a friendly game of news trivia, and the FT’s Ethan Wu gave us a preview of his new podcast Unhedged, which comes out June 13.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Hosted on Acast. See acast.com/privacy for more information.
Martin Wolf on saving democratic capitalism: the ‘democratic recession’
In this second episode of Martin Wolf’s series, the renowned FT columnist and economist speaks to Larry Diamond, a leading contemporary scholar in the field of democracy studies and a senior fellow in global democracy at the Freeman Spogli Institute for International Studies at Stanford University. Drawing on arguments in Martin’s latest book, The Crisis of Democratic Capitalism, they discuss what’s behind a deepening global ‘democratic recession’.
Links
Martin Wolf: in defence of democratic capitalism
For Martin’s FT columns click here
For the FT review of Martin’s book click here
This episode is presented by Martin Wolf. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley.
Clips: BBC, CNN, WION
Read a transcript of this episode on FT.com
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What did the fight over the US debt ceiling cost?
Binance has lost a quarter of its market share, the US government is on the verge of passing a deal to raise the debt ceiling, and Eurozone inflation has fallen more than economists expected to hit its lowest level since Russia’s invasion of Ukraine. Plus, Ukraine’s attacks such as the Moscow drone strikes are seen as ‘magician’s sleight of hand’ that deceives the Kremlin and derails Russia’s plans.
Mentioned in this podcast:
Binance loses market share after regulatory clampdown
Chuck Schumer races to push US debt ceiling bill through Senate by end of week
Eurozone inflation falls to lowest level since Russia invaded Ukraine
Military briefing: Ukraine’s daring ‘shaping operations’ stretch Russian defences
Rachman Review podcast: Is the Ukraine War reaching a turning point?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The housing supply problem: Part 2
The US House of Representatives voted to raise the debt ceiling last night. Plus, in part two of our housing series, the FT’s Persis Love explores a niche solution to skyrocketing rents in the UK, called homesharing.
Mentioned in this podcast:
US closer to avoiding historic default as House advances debt ceiling bill
Homesharing offers a cheaper alternative to rental accommodation
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Wall Street gives crypto a chance
China has called for “stable and constructive” ties with the US in a meeting with Elon Musk and some Wall Street companies are building their own digital markets trading platforms to compete with crypto companies. Plus, the FT’s Nicholas Megaw explains why investment funds have become a bigger insider trading risk for US lawmakers than buying shares in a single company.
Mentioned in this podcast:
Wall Street ready to take on established crypto companies
US Congress: how investment funds became the new insider trading risk
China calls for ‘stable’ ties with US in meeting with Elon Musk
Nvidia hits $1tn market cap as chipmaker rides AI wave
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Ageing populations hit government credit ratings
Democrats and Republicans are confident they can pass a deal to avert a US debt default, the lira slides after Turkish president Recep Tayyip Erdoğan is re-elected, and ageing populations are causing government credit ratings to take a hit.
Mentioned in this podcast:
Debt ceiling fight shifts to Congress as lawmakers prepare for first votes
Turkey’s lira weakens as economists warn of economic challenge
Ageing populations ‘already hitting’ governments’ credit ratings
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Martin Wolf on saving democratic capitalism
In the first of this four-part series, the renowned FT columnist and economist Martin Wolf tells the FT’s executive opinion editor Jonathan Derbyshire why he fears the marriage of liberal economics and democracy may be facing its toughest test in decades. Drawing on arguments in his latest book, The Crisis of Democratic Capitalism, Martin explains how his own life story and career have shaped his views.
Want more?
Martin Wolf: in defence of democratic capitalism
For Martin’s FT columns click here
For the FT review of Martin’s book click here
This episode is presented by Jonathan Derbyshire. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley.
Clips: BBC, CNN, Fox News
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Nvidia closes in on the trillion dollar club
More large US companies are taking shelter in bankruptcy court, Nvidia is on course to become the first chipmaker to be valued at more than $1tn, and Turkish voters go back to the polls to pick their next president.
Mentioned in this podcast:
US credit squeeze triggers rise in corporate bankruptcies
Nvidia races towards $1tn club as AI frenzy drives chip stocks higher
The latest on Turkish elections
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The housing supply problem: Part I
UK gilt yields hit levels not seen since last year’s “mini” Budget crisis, and Australia’s government has referred a PwC tax leak scandal to the country’s federal police. Plus, in part one of our series on housing, the FT’s Sonja Hutson looks at why there are so few homes on the US market.
Mentioned in this podcast:
Gilt yields soar towards ‘mini’ Budget levels after inflation disappoints
Australian government refers PwC tax leaks scandal to police
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A new gold rush
A double-digit drop in German exports to China has rattled Europe’s biggest economy and the UK is set to lose a high-profile solar power investment. Plus, the FT’s Harry Dempsey explains why investors and central banks are piling into the gold market.
Mentioned in this podcast:
Big drop in German exports to China raises fears over EU’s industrial powerhouse
UK set to lose solar investment after developer criticises lack of incentives
Why investors are going gaga for gold
The new gold boom: how long can it last?
Apple expands US chip sourcing with multibillion-dollar Broadcom deal
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Adani tries to win back investors
China’s semiconductor industry fears Japanese curbs on exports of crucial chipmaking equipment are stricter than US limits, Meta has been hit with a €1.2bn fine by the EU for privacy violations, and the Adani Group is trying to woo investors after a series of allegations from short-seller Hindenburg.
Mentioned in this podcast:
China fears Japan’s chipmaking curbs go further than US restrictions
Facebook owner Meta hit with record €1.2bn fine over EU-US data transfers
Adani seeks to woo bankers with three-day tour after short seller’s attack
Indian market regulator has ‘hit a wall’ in Adani probe
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China bans Micron’s products from key infrastructure
Florida governor Ron DeSantis is expected to launch his campaign for US president this week, China has banned operators of key infrastructure from buying chips from US chipmaker Micron Technology, and Morgan Stanley is searching for a new CEO after James Gorman announced that he’s stepping down. Plus, the FT’s Sylvia Pfeifer explains how the war in Ukraine has put a spotlight on tech-led defence companies.
Mentioned in this podcast:
Ron DeSantis struggles for lift-off as campaign launch nears
China bans Micron’s products from key infrastructure over security risk
Morgan Stanley chief James Gorman to step down within a year
Ukraine war puts spotlight on tech-led defence companies
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
TikTok spied on our reporter
The US Supreme Court rules to protect big tech companies from being liable for users’ posts, and G7 countries are preparing new sanctions against Russia. Plus FT technology reporter Cristina Criddle learned that TikTok spied on her. She talks about her experience.
Mentioned in this podcast:
Supreme Court sides with tech giants over legal shield for content
G7 host Japan seeks unity on threat from China
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Will the digital euro come online?
Ukraine’s allies worry that support from the US will lose steam during next year’s election cycle, and Japan’s stocks are reaching new highs. Plus, the European Central Bank is big on a digital currency. Europeans? Not so much.
Mentioned in this podcast:
Ukraine’s allies fear military support will fade in US election year
Japan stock index hits 33-year high as investors warm to Tokyo story
The digital euro: a solution seeking a problem?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US sues to block drug merger
The Federal Trade Commission sued to block the biotechnology company Amgen’s $28.3bn deal to acquire Horizon Therapeutics, Italy is struggling to spend €200bn in EU Covid recovery funds, and Ukraine said it repelled an unprecedented barrage of Russian missiles over Kyiv.
Mentioned in this podcast:
FTC warns of ‘rampant’ pharma consolidation as it targets $28bn Amgen deal
Italy overhauls plans for €200bn in EU Covid recovery funds
Ukraine says it repelled ‘exceptional’ barrage of Russian missiles
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Ford to scale back China investments
Ford plans to reduce its future investment in China, and prominent investors are upset with the record number of share buybacks. Plus, the FT’s Eleni Varvitsioti explains that Greece’s economic recovery has come at a cost to some of its citizens.
Mentioned in this podcast:
Ford to scale back China investments amid EV competition from local rivals
Greece’s ‘greatest turnround’: from junk to investment grade
Record buyback spree attracts shareholder complaints
Krispy Kreme boss shrugs off UK’s tightening anti-obesity rules
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Turkey’s tight election
Turkish leader Recep Tayyip Erdoğan and rival Kemal Kılıçdaroğlu are locked in a tight battle for the presidency as the election count suggested rising odds of an unprecedented second round, Argentina today will announce a new round of emergency government measures, Twitter's new CEO could mend relations with advertisers who have paused spending on the social media site, and big infrastructure projects have led to soaring demand for the world’s most used natural material, sand.
Mentioned in this podcast:
Turkey’s opposition disputes early election lead for Erdoğan
Linda Yaccarino: an advertising veteran enters the wild world of Musk’s Twitter
Argentina plans emergency economic measures to avoid big devaluation
Sand shortages push up cost of jam jars and fracking
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Markets shrug off potential US debt default
Elon Musk says he’s hired a new CEO for Twitter, and Turkey heads to the polls this weekend for what analysts say is the biggest presidential election there in decades. Plus, the FT’s Katie Martin and Jennifer Hughes explain what the US debt ceiling fight is doing to Treasury markets.
Mentioned in this podcast:
Elon Musk says he has found a new Twitter CEO
EU plans Black Sea internet cable to reduce reliance on Russia
Turkish presidential candidate İnce quits race days before vote
Turkey: Erdoğan faces his greatest electoral challenge yet
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China makes a show of corporate raiding
Disney sharply reduced its losses from video streaming in the second quarter, US inflation dipped to its lowest level since April 2021, and the FT’s Joe Leahy explains China’s crackdown on foreign business due diligence firms, including Capvision, Bain and Mintz.
Mentioned in this podcast:
Disney shaves streaming losses as subscription fees rise
US inflation eases to 4.9% in April as Fed tightening takes effect
China raids multiple offices of international consultancy Capvision
Spotify ejects thousands of AI-made songs in purge of fake streams
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Jack Dorsey’s Bluesky takes on Twitter
Donald Trump has been found liable for the sexual abuse of a journalist in a Manhattan department store in the 1990s, Ireland plans to set up a sovereign wealth fund with its bumper budget surpluses, and China’s foreign minister has condemned EU proposals to impose sanctions on Chinese companies for supporting Russia’s war machine. Plus, the FT’s Hannah Murphy talks about one of the latest challengers to Twitter, Jack Dorsey’s Bluesky.
Mentioned in this podcast:
Donald Trump found liable in civil lawsuit over writer’s sexual abuse
Ireland to propose creation of sovereign wealth fund
China vows to retaliate against EU sanctions on its companies
Jack Dorsey’s Bluesky emerges as latest challenger to Elon Musk’s Twitter
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Is commercial property the ‘next shoe to drop’?
The Bank of England is set to raise interest rates to their highest level since 2008 this week, and investors are worried about the impact of rising rates on US commercial real estate. Plus, the FT’s James Kynge explains the decline in Chinese investment into Europe.
Mentioned in this podcast:
Bank of England set to raise rates to highest level since 2008
US lenders warned that commercial property is ‘next shoe to drop’
Chinese investment in Europe falls as watchdogs increase scrutiny
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US debt ceiling deadline looms
The G7-led price cap on Russian oil exports has forced the Kremlin to raise the tax burden on producers, and education companies are struggling after a warning over ChatGPT. Plus, the FT’s deputy Washington bureau chief Lauren Fedor explains what’s at stake if the US doesn’t raise its debt ceiling.
Mentioned in this podcast:
Russia’s energy sector hit as Kremlin forced to increase tax
Debt ceiling diehard in rural Virginia vows to ‘call Democrats’ bluff’
Yellen warns of ‘constitutional crisis’ over US debt ceiling impasse
Education companies’ shares fall sharply after warning over ChatGPT
Credit: The debt ceiling must be raised to avoid 'economic calamity’: Janet Yellen
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Another rough day for US regional banks
Apple said on Thursday that revenues shrank for a second straight quarter, the European Central Bank raised interest rates by a quarter of a percentage point, and US regional banks suffered severe stock declines.
Mentioned in this podcast:
ECB raises rates as Lagarde warns of ‘more ground to cover’
Western Alliance shares recover after it denies report of potential sale
What’s changed for regional banks this week?
Apple reports weaker revenue for a second straight quarter
Ed Sheeran wins ‘Let’s Get It On’ copyright infringement trial
Ed Sheeran’s Thinking Out Loud © 2014 Asylum Records UK, a Warner Music UK Company
Marvin Gaye’s Let’s Get It On © 2001 Motown Record Company L.P.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Fed hints it might pause rate hikes
The US Federal Reserve raised its benchmark interest rate by a quarter of a percentage point, Russia accused Ukraine of attempting to assassinate President Vladimir Putin in a late-night drone attack on the Kremlin, and local elections in the UK are a major test for the largest two parties as they prepare for a general election next year.
Mentioned in this podcast:
Fed implements quarter-point rate rise and signals potential pause
Russia accuses Ukraine of attempting to assassinate Vladimir Putin
Sunak and Starmer go head to head in battle for local council seats
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US regional bank stocks still under pressure
The rescue of First Republic this week has failed to stop a sell-off in regional bank shares, Apple experienced a big boost in demand in India driven by a surge in refurbished iPhone sales, and European banks are hoping to scoop up some of Credit Suisse’s business now that the lender has been bought by UBS.
Mentioned in this podcast:
First Republic rescue fails to arrest slide in US regional bank shares
Refurbished iPhones boost Apple’s share of Indian market
Deutsche Bank plans to beef up investment bank advisory team
Icahn group’s shares tumble after attack by short seller Hindenburg
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Jamie Dimon’s big win
Chinese initial public offerings have raised more than five times as much money as those in the US this year, and Germany’s lawmakers are set to pass immigration reforms to address a worsening skills shortage. Plus, the FT’s Brooke Masters unpacks the deal for First Republic and what’s in it for JPMorgan.
Mentioned in this podcast:
China dominates global IPO market as Wall Street fails to rebound
JPMorgan to acquire First Republic’s deposits as US regulators step in
Germany looks to immigration reform to arrest worsening skills shortage
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
First Republic in limbo
At least three large banks have submitted bids to buy all or parts of First Republic, the US is urging South Korea not to fill China’s semiconductor shortfalls if Beijing bans Micron chips, and Iran’s statistics authorities have kept inflation data under wraps for the last two months. Plus, mining companies are willing to go to the bottom of the ocean for rare and precious resources.
Mentioned in this podcast:
JPMorgan, Citizens and PNC submit bids for First Republic
US urges South Korea not to fill China shortfalls if Beijing bans Micron chips
Iran keeps inflation data under wraps
‘Playing with fire’: the countdown to mining the deep seas for critical minerals
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Big Tech props up US stocks
Russia’s stock market has climbed to its highest level in more than a year, European commercial real estate deals hit an 11-year-low last quarter, and Big Tech continues to prop up the US stock market.
Mentioned in this podcast:
Russian stock market hits year high as trapped investors have nowhere else to go
Traditional investors are learning it’s tricky to be picky
European commercial real estate dealmaking falls to 11-year low
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Magic Kingdom goes to war
Walt Disney sued Florida governor Ron DeSantis over the state’s ‘retaliation’ for the company’s stance on ‘Don’t Say Gay’ law, UK regulators have blocked Microsoft’s $75bn acquisition of Activision Blizzard, and the FT’s Harriet Agnew explains why conservative UK pension funds are leading start-ups to look for capital in different countries.
Mentioned in this podcast:
US growth set to have cooled in first quarter as Fed pushed rates higher
Walt Disney sues Ron DeSantis over ‘retaliation’ for ‘Don’t Say Gay’ stance
Activision blasts UK as ‘closed for business’ after regulator blocks $75bn Microsoft deal
Britain’s ‘capitalism without capital’: the pension funds that shun risk
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Sudanese refugees pour into Chad
Google’s advertising revenue in the first quarter of 2023 nearly matched numbers from a year ago, tens of thousands of Sudanese refugees have crossed into neighbouring Chad, and First Republic Bank saw its shares plummet nearly 50 per cent yesterday. Plus, General Motors is diversifying its EV battery production.
Mentioned in this podcast:
Google advertising bounces back with return to revenue growth
Sudan crisis threatens to bring fresh turmoil to neighbouring Chad
Sharp sell-off in First Republic shares causes alarm in Washington
GM teams with Samsung on $3bn EV battery plant in the US
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
UBS’s Credit Suisse challenge
US President Joe Biden is expected to announce on Tuesday that he’s running for re-election, UBS could lose customers as a result of its takeover of Credit Suisse, and the French luxury group LVMH became the first European company to hit a $500bn market value.
Mentioned in this podcast:
Biden prepares to take his case for a second term to American voters
Hunt admits UK business taxes are too high as government pressed on strategy
Credit Suisse suffered $69bn in outflows during first-quarter crisis
LVMH becomes first European company to hit $500bn market value
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
America's dollar stores get a makeover
Santander is trying to poach some of Credit Suisse’s most senior investment bankers, UK prime minister Rishi Sunak looks to establish calm after deputy prime minister Domic Raab resigned last week, American dollar stores have to adjust for the age of inflation and UK therapist are pushing back on US mental health platform.
Mentioned in this podcast:
Santander moves to hire some of Credit Suisse’s top dealmakers
Dominic Raab resigns as UK deputy prime minister over bullying claims
America’s dollar stores get a makeover for the age of inflation
Therapists sound alarm on BetterHelp’s rapid UK expansion
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Introducing Behind the Money: Night School
There’s been a lot of big finance and economics news in 2023. Whether it's stories about rising interest rates, tech industry layoffs or bank runs, it can almost feel like you need an MBA just to make sense of it all. That’s why the Financial Times is launching a bonus series called Behind the Money: Night School.
Over the next five weeks, this show will help you understand the concepts behind the biggest economic stories of this year. U.S. managing editor Peter Spiegel chats with FT journalists as they unpack the basics around things like energy markets, inflation and the rise of artificial intelligence. This series is supported by Blinkist. If you want to find out more about conversations like this, check out the Blinkist app.
Behind the Money: Night School is out now. Find it by subscribing to the Behind the Money podcast wherever you listen.
Hosted on Acast. See acast.com/privacy for more information.
Credit Suisse bondholders sue
Regional banks across the US have largely stopped the massive outflow of deposits after the collapse of Silicon Valley Bank, investors representing $4.5bn of wiped-out Credit Suisse bonds have filed a lawsuit against Switzerland’s banking regulator, and the FT’s Brooke Masters argues the US court battle over regulator approval of an abortion pill could have a chilling effect on the country’s pharmaceutical industry.
Mentioned in this podcast:
Stability after SVB’s collapse comes at a price for US regional banks
Credit Suisse investors sue Swiss regulator over bond wipeout
The abortion pill case is a disaster for innovation everywhere
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Ukraine pleads for air defence missiles
Natural gas consumption in the EU fell almost 18 per cent in the past eight months, Ukraine will plead for urgent shipments of surface-to-air missiles at a meeting of its western allies on Friday, and Germany looks ready to legalise recreational cannabis use.
Mentioned in this podcast:
EU gas usage falls 18% after price shock caused by Russian supply cuts
Military briefing: Ukraine pleads for missiles as air defence stocks run low
Germany set to legalise personal use of cannabis
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The TikTok divide
Rupert Murdoch’s Fox has agreed to pay $787.5mn to settle a landmark defamation case, Bank of America emerged from banking turmoil with higher first-quarter profits, China’s latest GDP numbers show the economy is rebounding from one of its worst years in decades, and lawmakers and activists from across the political spectrum have come out against efforts in western countries to ban or curb TikTok
Mentioned in this podcast:
Bank of America plans 4,000 job cuts despite strong results
Five takeaways from China’s first-quarter GDP data
Dissenting politicians join young activists to oppose TikTok bans
FT Live Event: The UK’s 2024 Election
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A power struggle in Sudan
Apple and Goldman Sachs launched a new savings account with an interest rate more than 10 times the national average, a Chinese genetics company said it would press ahead with US expansion as it tries to distance itself from its former parent company, and the FT’s David Pilling explains what’s at stake in the conflict in Sudan.
Mentioned in this podcast:
Apple and Goldman offer US savings account with 4.15% annual interest
Chinese genetics company targets US despite political tensions
Sudan conflict pitches military leaders into struggle for control
Sega Sammy launches €706mn offer for Angry Birds maker Rovio
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Turkey’s voters lose faith in Erdogan
Companies have committed more than $200bn to US manufacturing projects since Congress passed sweeping subsidies last year, one of Charles Schwab’s largest investors sold its entire $1.4bn stake in the brokerage giant during last month’s banking turmoil, Turkish voters head to the polls next month and are losing faith in President Recep Tayyip Erdoğan, and Poland and Hungary halt Ukraine grain imports to placate angry farmers amid a grain glut
Mentioned in this podcast:
Companies have committed more than $200bn to US manufacturing projects
Top Charles Schwab investor sold entire stake amid banking turmoil
‘They’ve screwed the economy’: Turkey’s heartland voters tire of Erdoğan
Poland and Hungary defy Brussels to halt Ukraine grain imports
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The quantum revolution: The way the world is
In the final episode of this Tech Tonic series, we hear how radical quantum ideas are reshaping our fundamental understanding of the universe. Nobel Prize winner Anton Zeilinger tells the FT’s Madhumita Murgia about the future of teleportation and the quantum internet; quantum computing pioneer David Deutsch makes the case for the theory that we live in a multiverse; and FT innovation editor John Thornhill speaks to physicist Carlo Rovelli about relational quantum mechanics.
Presented by Madhumita Murgia and John Thornhill, produced by Josh Gabert-Doyon and Edwin Lane. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley.
We're keen to hear more from our listeners about this show and want to know what you'd like to hear more of, so we're running a survey which you can find at ft.com/techtonicsurvey. It takes about 10 minutes to complete and you will get a chance to win a pair of Bose QuietComfort Earbuds.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Open AI’s ‘red team’
BP has started pumping crude through a new $9bn offshore platform as it slows its transition out of fossil fuels, global equities have recovered from the banking crisis but risks remain, and experts are sounding the alarm over the latest version of Open AI’s artificial intelligence chatbot ChatGPT.
Mentioned in this podcast:
BP commits to Gulf of Mexico as $9bn platform comes online
OpenAI’s red team: the experts hired to ‘break’ ChatGPT
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Emerging markets debt crunch
Donald Trump is suing his former lawyer Michael Cohen, an uptick in core prices in the US is keeping pressure on the Federal Reserve to push ahead with another interest rate rise in May, and a study shows 91 of the poorest countries will spend an average of more than 16 per cent of their revenue on foreign debt repayments.
Mentioned in this podcast:
Donald Trump sues former lawyer Michael Cohen for $500mn
Inflation eased to the lowest level in nearly two years in March
Poorest countries’ finances under pressure from higher rates
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
EY: Breaking up is hard to do
EY has scrapped plans to break up its audit and consulting businesses, the IMF has warned the global economy could be in for a “hard landing”, and the European aviation industry estimates it will cost more than €800bn to reach its net zero goals.
Mentioned in this podcast:
EY scraps break-up plan after months of internal dissent
IMF warns of ‘hard landing’ for global economy if inflation persists
European airline industry warns of €800bn bill to reach net zero
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Rise of the Russian informer
Companies on the S&P 500 index are expected to report a 6.8 per cent decline in first-quarter earnings, Eli Lilly’s CEO told the Financial Times that Europe may miss out on new drugs if it pushes ahead with legislation reducing the time period for market exclusivity, and Russians are in a new era of fear and distrust as President Vladimir Putin’s regime encourages citizens to inform on members of their community..
Mentioned in this podcast:
US companies face biggest decline in profits since Covid shutdowns
Eli Lilly warns that EU will miss out on key drugs under planned changes to rules
‘Total distrust’: rise of the Russian informers
Behind the Money: Night School
Credit: The Telegraph: Russians spit out 'scum and traitors' like flies, Putin warns West
Credit: Tupperware Brands 1961 Tupperware Commercial
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The rising influence of Mrs Assad
China’s financial sector is reeling from a series of new corruption probes and the FT’s Middle East correspondent, Raya Jalabi, explains how Syrian first lady Asma al-Assad gained so much power and influence.
Mentioned in this podcast:
China’s financial sector rocked by expansion of anti-corruption drive
Syria’s state capture: the rising influence of Mrs Assad
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The quantum revolution: Brain waves
Quantum computers aren’t the only form of groundbreaking technology that use quantum physics. Madhumita Murgia hears from Dr. Margot Taylor, neuroscience researcher at The Hospital for Sick Children, who’s using quantum sensors to unpick the mystery of how autism first appears in the brain And we speak to Matthew Brookes, physics professor at Nottingham university in the UK, who helped build the quantum brain scanner she’s using. Plus, John Thornhill speaks to Stuart Woods from Quantum Exponential about the potential for quantum sensors to change our understanding of the world around us, and to Jack Hidary from Sandbox AQ about how sensors and communications networks might fit into a wider quantum technology ecosystem.
Presented by Madhumita Murgia and John Thornhill, produced by Josh Gabert-Doyon and Edwin Lane. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley. Special thanks to The Hospital for Sick Children
We're keen to hear more from our listeners about this show and want to know what you'd like to hear more of, so we're running a survey which you can find at ft.com/techtonicsurvey. It takes about 10 minutes to complete and you will be in with a chance to win a pair of Bose QuietComfort earbuds.
Hosted on Acast. See acast.com/privacy for more information.
Ukraine’s plans for Crimea
Brands keep spending on TikTok despite a threat by the US to ban the social media app, KKR is looking to buy a large stake in FGS Global, and Ukraine says it’s “ready” to talk to Russia about the Crimean peninsula if Kyiv’s counteroffensive succeeds. Plus, the FT’s Anjli Raval examines whether boomerang chief executives actually work out for their companies.
Mentioned in this podcast:
Brands increase TikTok ad spending despite US ban threat
Ukraine ‘ready’ to talk to Russia on Crimea if counteroffensive succeeds
KKR set to buy stake in communications group FGS Global
Boomerang chief executives provide comfort in times of crisis
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Chris Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Trump pleads not guilty
Former US president Donald Trump pleaded not guilty to 34 felony charges in court on Tuesday, Credit Suisse held its last annual general meeting, and shareholders at HSBC rail over the company’s decision to buy Silicon Valley Bank’s UK business.
Mentioned in this podcast:
Donald Trump pleads not guilty to criminal charges in New York
Credit Suisse chair apologises to investors at bank’s final AGM
HSBC forced to defend SVB UK deal to fractious Hong Kong shareholders
Credit Bloomberg Televsion: Credit Suisse Chairman: This Is a Sad and Historic Day
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
EU pressures China to help end war in Ukraine
The president of the European Commission has called on Beijing to play a “constructive” role in bringing peace to Ukraine, EY has been banned from taking on any new listed audit clients in Germany for two years, and the makers of popular plagiarism detection software are launching a tool that also detects if essays are created using artificial intelligence chatbots. Plus the FT’s Polina Ivanova talks about her colleague Evan Gershkowich who has been detained by Russia.
Mentioned in this podcast:
EU leaders call on China to coax Russia to halt Ukraine war
EY banned by German audit watchdog over Wirecard work
Universities express doubt over tool to detect AI-powered plagiarism
Blinken demands release of WSJ journalist in call with Russia’s Lavrov
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The cases against Trump
Former President Donald Trump will turn himself in to New York prosecutors on Tuesday, Saudi Arabia and other members of the Opec+ group announced surprise production cuts of more than 1mn barrels a day, and China’s President is urging an increasingly assertive stance on the world stage and this year urged cadres at a key meeting in Beijing to “dare to fight.”
Mentioned in this podcast:
Oil price surges after Opec+ nations make surprise output cut
‘Dare to fight’: Xi Jinping unveils China’s new world order
Donald Trump’s lawyers will move to dismiss charges against him
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The quantum revolution: First port of call
The Port of Los Angeles is one of the world’s busiest — and most inefficient. It’s now using an early quantum computing application to help solve its logistical bottlenecks.
Has it made a difference? The FT’s John Thornhill investigates. We hear from truck drivers at the Port of Los Angeles; Matt Schrap, CEO of the Harbor Trucking Association; SavantX co-founder Ed Heinbockel, who helped bring quantum computing to the port; and Alan Baratz, president of D-Wave Systems. Plus, John and FT artificial intelligence editor Madhumita Murgia discuss what optimisation at the Port of Los Angeles tells us about the future of quantum technology.
Presented by Madhumita Murgia and John Thornhill, produced by Josh Gabert-Doyon and Edwin Lane. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley. Special thanks to the National Quantum Computing Center for their help on this episode.
We're keen to hear more from our listeners about this show and want to know what you'd like to hear more of, so we're running a survey which you can find at ft.com/techtonicsurvey. It takes about 10 minutes to complete and you will be in with a chance to win a pair of Bose QuietComfort Earbuds.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Oleksandr Gryban: Investing in Ukraine’s future
Donald Trump has been indicted in what is the first criminal charges against a former US president in the country’s history, Ukraine’s deputy economy minister Oleksandr Gryban speaks to Marc Filippino about investing in Ukraine’s post-war economy, and the FT has published a video of its investigation into North Korean oil smuggling networks.
Mentioned in this podcast:
Donald Trump indicted on criminal charges in Manhattan
Inside North Korea’s oil smuggling: triads, ghost ships and underground banks
Ukraine clinches $15.6bn IMF loan
North Korea and the triads: gangsters, ghost ships and spies | FT Film
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Binance hid links to China
Social media giant Meta is deliberating a company-wide ban on political advertising in Europe, crypto exchange Binance hid substantial links to China, and UBS is bringing back Sergio Ermotti to lead the bank as it integrates Credit Suisse. Plus, the FT’s Eleanor Olcott explains why China’s ecommerce giant Alibaba is splitting into six business units.
Mentioned in this podcast:
Meta bosses look at political ads ban in Europe
Why UBS brought Sergio Ermotti back as chief executive
Binance hid extensive links to China for several years
Alibaba bets on split to survive Chinese tech’s new battlefields
Behind the Money podcast: Inside UBS’ takeover of Credit Suisse
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Beijing’s big bailouts
JP Morgan CEO Jamie Dimon will testify about his bank’s relationship with Jeffrey Epstein, the Middle East is enjoying an IPO boom, China has expanded its bailout lending as its Belt and Road Initiative falters, and former FTX CEO Sam Bankman-Fried has been charged with bribery.
Mentioned in this podcast:
JPMorgan’s Jamie Dimon to be deposed in Epstein lawsuits
Middle East on ‘radar’ of global investors as it enjoys IPO boom
China grants bailouts as Belt and Road Initiative falters
US charges Sam Bankman-Fried with bribing Chinese officials
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Israel’s PM Netanyahu agrees to postpone judicial reforms
Israeli prime minister Benjamin Netanyahu has postponed a bitterly contested judicial overhaul, the first consignment of German Leopard 2 tanks has reached Ukraine, and shares of First Citizens Bank surged nearly 50 per cent on Monday morning following news it would buy much of the failed Silicon Valley Bank.
Mentioned in this podcast:
Netanyahu partner says reforms that have roiled Israel to be postponed
German Leopard 2 tanks arrive in Ukraine
First Citizens to buy failed Silicon Valley Bank
Reuters: Demonstrators hold dueling protests in Israel
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Money market madness
Goldman Sachs, JPMorgan Chase and Fidelity are the biggest winners from investors pouring cash into US money market funds over the past two weeks, senior EU and UK officials have stepped up discussions on potential plans for closer defence and security co-operation, the London Metal Exchange has found bags full of stones at one of its warehouses instead of the nickel they were supposed to contain in the latest drama to hit the scandal-stricken metals market, and crypto companies are heading to Hong Kong to try and capture demand from Mainland China
Mentioned in this podcast:
Money market funds swell by over $286bn as investors pull deposits from banks
Trafigura: the 10-day unravelling of an alleged $500mn fraud
LME finds bags of stones instead of nickel in metal warehouse
EU and UK ramp up talks on defence cooperation
Crypto groups expand in Hong Kong in bid to tap mainland China demand
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The quantum revolution: ‘Spooky action’
In this episode, Tech Tonic dives into the science at the heart of quantum computing. How do technologists use unexplained subatomic phenomena to build powerful computers?
FT artificial intelligence editor Madhumita Murgia tells the story of quantum physics with the help of Sean Carroll, a theoretical physicist at Johns Hopkins University and hears from University of New South Wales professor Michelle Simmons to understand how engineers exploit weird quantum physics.
Presented by Madhumita Murgia and John Thornhill, produced by Josh Gabert-Doyon and Edwin Lane. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. The FT’s head of audio is Cheryl Brumley.
We're keen to hear more from our listeners about this show and want to know what you'd like to hear more of, so we're running a survey which you can find at ft.com/techtonicsurvey. It takes about 10 minutes to complete and you will be in with a chance to win a pair of Bose QuietComfort Earbuds.
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A congressional TikTok smackdown
TikTok’s CEO faced bruising questioning in US Congress over the social media app’s links to its Chinese parent company ByteDance, short seller Hindenburg Research has accused payments group Block of artificially inflating its user numbers and facilitating fraudulent transactions, and the wipeout of $17bn of Credit Suisse bonds has sparked panic among rich Asian investors who had loaded up on the risky bank debt.
Mentioned in this podcast:
TikTok chief faces hostile Congress in bid to fight off US ban
Hindenburg Research shorts Jack Dorsey’s payments group Block
Asia investors ‘gobsmacked’ by $17bn Credit Suisse bond wipeout
Crypto fugitive Do Kwon arrested in Montenegro, says interior minister
Credit: Cash App Music Video Compilation (Hindenburg Research)
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The Fed passes on a pause
The US Federal Reserve pressed ahead with its monetary tightening campaign despite the recent turmoil in the banking sector and the FT’s Andrew Jack explains why the FT updated the criteria for its MBA rankings. Plus, UK inflation was unexpectedly high last month.
Mentioned in this podcast:
Fed presses ahead with quarter-point rate rise despite banking turmoil
Global MBA Ranking 2023: change at the top
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Banking crisis complicates interest rate decisions
The IMF has struck a deal with Ukraine to provide a $15.6bn loan, some former central bankers say pausing rate increases because of the banking sector turmoil would be a mistake, shares of First Republic Bank rallied after US Treasury secretary Janet Yellen said the government stood ready to provide further support for smaller lenders, and China's leader Xi Jinping has backed Russian president Vladimir Putin’s stance on his war in Ukraine but refrained from endorsing his statements about a planned gas pipeline.
Mentioned in this podcast:
Ukraine clinches $15.6bn IMF loan
Former officials split on what central banks should do next
Janet Yellen says US prepared to give more support to banks
Xi Jinping backs Vladimir Putin on Ukraine but holds out on Russian gas pipeline
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Will a $3bn bailout be enough for Sri Lanka?
The IMF’s board has finally backed a $3bn bailout for Sri Lanka to help relieve a ‘catastrophic’ economic and social crisis, shares in First Republic Bank tumbled 47 per cent on Monday despite a $30bn rescue deposit last week, and Credit Suisse bondholders were in uproar after the rescue deal by rival UBS wiped out $17bn of the failed Swiss bank’s bonds.
Mentioned in this podcast:
IMF approves $3bn bailout for Sri Lanka
Wall Street chief executives try to come up with new plan for First Republic
Credit Suisse bondholders in uproar over $17bn debt wipeout
Credit Suisse AT1s: investors go loco after Coco no-no
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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UBS agrees to buy Credit Suisse
UBS agreed to buy Credit Suisse for $3.25bn after a frantic weekend of negotiations brokered by Swiss regulators, leading central banks have taken fresh measures to improve global access to dollar liquidity, and the Biden administration is under pressure to call for an expansion of the federal guarantee on bank deposits. Plus, the FT’s Andrew Edgecliffe-Johnson explains what lessons start-ups are taking away from the collapse of Silicon Valley Bank.
Mentioned in this podcast:
UBS agrees to buy Credit Suisse for more than $3bn
White House pressed to expand deposit guarantee to steady banks
Central banks announce dollar liquidity measures to ease banking crisis
Start-ups learn the hard way how to manage cash after SVB’s collapse
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Read a transcript of this episode on FT.com
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The quantum revolution: The race to build a quantum computer
Tech companies including Google, Microsoft and IBM are all working on plans for a commercially viable quantum computer. They say that these machines will be able to solve climate change, help develop new pharmaceutical drugs and transform our economy. But harnessing quantum physics requires overcoming massive challenges.
As researchers tinker away on uber-sensitive, ultra-cold quantum computers and investors become increasingly interested in the potential commercial applications – some people in the quantum computing world aren’t buying the hype.
In this episode of Tech Tonic, FT innovation editor John Thornhill travels to the West Coast to visit Julie Love and Krysta Svore, both of Microsoft’s quantum computing programme, and tours Google’s quantum computing lab with engineer Erik Lucero. We hear from Bessemer Venture Partners’ investor David Cowan, and FT artificial intelligence editor Madhumita Murgia talks to long-time quantum computing researcher Sankar Das Sarma.
Presented by Madhumita Murgia and John Thornhill, produced by Josh Gabert-Doyon and Edwin Lane. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. The FT’s head of audio is Cheryl Brumley.
We're keen to hear more from our listeners about this show and want to know what you'd like to hear more of, so we're running a survey which you can find at ft.com/techtonicsurvey. It takes about 10 minutes to complete and you will be in with a chance to win a pair of Bose QuietComfort Earbuds.
Read a transcript of this episode on FT.com
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Wall Street banks rescue First Republic
The largest US banks have banded together to deposit $30bn into First Republic Bank in an attempt to bolster its finances, the European Central Bank has raised interest rates by half a percentage point, Emmanuel Macron failed a critical parliamentary test and chose to override lawmakers to pass his unpopular plan to raise France’s retirement age, and the FT’s Stephen Morris explains why HSBC took a chance on Silicon Valley Bank UK.
Mentioned in this podcast:
Wall Street banks to deposit $30bn into First Republic
ECB increases rates by 0.5 percentage points
Macron to pass pension reform by decree as protests sweep France
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Swiss central bank backs Credit Suisse
The Swiss central bank said it would provide a liquidity backstop to Credit Suisse, UK chancellor Jeremy Hunt unveiled a Budget that includes a £4bn expansion of free childcare, and Volkswagen is increasing its investments in electric vehicles.
Mentioned in this podcast:
Swiss central bank offers Credit Suisse liquidity backstop after share plunge
Jeremy Hunt’s “Budget for growth” boosts UK childcare
VW ramps up investments in electric car transition with €180bn injection
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The Fed’s SVB balancing act
The world’s largest private investment firms are exploring the purchase of loans from the remains of Silicon Valley Bank, the Federal Reserve is caught between high inflation and financial instability, and US regulators are facing questions over whether they missed signs of mounting problems at SVB. Plus, Australia, the US and the UK announced details of a long-term plan to supply Australia with nuclear-powered submarines.
Mentioned in this podcast:
Buyout titans weigh purchases from Silicon Valley Bank loan book
US consumer prices rise 6% at tricky time for Fed amid SVB fallout
Regulators face questions over missed warning signs at Silicon Valley Bank
Aukus defence pact’s political pay-off will be a jobs bonanza
Silicon Valley Bank Webinar: Register Here
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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SVB jitters spread to global markets
The collapse of Silicon Valley bank rattled global markets, investors continue to worry about banks, US regional banks were hit hard by a sell-off, and venture capitalists are pointing fingers at each other for their role in the bank run on SVB that precipitated its demise.
Mentioned in this podcast:
California bank failure shakes global financial stocks
US and European bank stocks tumble as investors fret over SVB fallout
First Republic and other US regional banks tumble over fears of deposit flight
Recriminations fly as venture capitalists contemplate Silicon Valley Bank’s collapse
Biden audio credit: C-Span
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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SVB’s cardinal sin
The Federal Deposit Insurance Corporation is leading an auction to find a potential buyer for Silicon Valley Bank after the US government said it would help depositors in its efforts to stop contagion across the banking sector. Plus, the boom in disposable vaping devices is not just adding to health concerns but leading to tonnes of electronic waste.
Mentioned in this podcast:
Silicon Valley Bank: the spectacular unravelling of the tech industry’s banker
UK government tried to find buyer for SVB unit
UK chancellor prepares lifeline for UK companies hit by SVB collapse
The environmental cost of single-use vapes
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The quantum revolution: Q-Day
In the cybersecurity world they call it Q-Day, the day when a quantum computer will be built that can break the encryption of the internet.
John Thornhill and Madhumita Murgia speak to cybersecurity expert and former professional hacker Mark Carney about password cracking, and why quantum computers would be so good at it.
Renowned mathematician Peter Shor recounts how he became the first person to discover that quantum computers could upturn the encryption that underpins much of the internet. Jack Hidary, boss of the quantum technology company Sandbox AQ, tells us how quantum computers already pose a threat today, even if it’s decades before one powerful enough to threaten encryption will be built. And cryptographer Dan Bernstein explains why protecting ourselves from the quantum threat might just be down to better maths.
Presented by Madhumita Murgia and John Thornhill, produced by Josh Gabert-Doyon and Edwin Lane. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. The FT’s head of audio is Cheryl Brumley.
We're keen to hear more from our listeners about this show and want to know what you'd like to hear more of, so we're running a survey which you can find at ft.com/techtonicsurvey. It takes about 10 minutes to complete and you will be in with a chance to win a pair of Bose QuietComfort Earbuds.
Read a transcript of this episode on FT.com
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Silicon Valley Bank rattles Wall Street
A US bank index suffered the worst one-day fall in market value since June 2020, the first France-UK summit in five years will focus on resetting relations, Mexico’s currency hit a five-year high this week despite its struggling economy, and former Goldman Sachs banker Roger Ng was sentenced to 10 years in prison for fraud.
Mentioned in this podcast:
Investors dump US bank shares amid fears over value of bond portfolios
Mexico’s peso hits five-year high on interest rates and US benefits
France and UK aim to draw a line under post-Brexit tensions
Former Goldman Sachs banker Roger Ng sentenced to 10 years for 1MDB fraud
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Britain’s stuck economy
EY employees were told that the plan to spin off the consulting business needs to be reworked, and Chinese president Xi Jinping is preparing to shore up financial stability at home while trying to keep up in an intense rivalry with the US over technology. Plus the FT’s Chris Giles explains just how bad a state the British economy is in.
Mentioned in this podcast:
EY split paused amid partner infighting over fate of tax experts
What does Xi Jinping’s tighter regulatory grip on China mean for business?
Cathie Wood’s flagship Ark fund tops $300mn in fees despite losses
The UK economy has a London problem — but it’s not what you think
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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How Hindenburg shorted Adani
Jay Powell warned US lawmakers that the Federal Reserve is prepared to return to bigger interest rate rises to fight inflation, and the US gender pay gap has barely budged in the past two decades. Plus, the FT’s Ortenca Aliaj explains how Hindenburg Research may have shorted Adani stocks.
Mentioned in this podcast:
How did Hindenburg short Adani stock?
Jay Powell warns Fed is prepared to return to bigger interest rate rises
Women still struggling to close corporate America’s gender gap
Credit: C-SPAN Federal Reserve Chair Testifies on Monetary Policy and the Economy
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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FTX trading arm sues Grayscale
FTX affiliate Alameda has sued crypto investment company Grayscale and its owner over the structure of their large bitcoin and ethereum trusts, Chinese companies are flocking to Switzerland to raise capital, and incoming Bank of Japan governor Kazuo Ueda has hinted that ‘yield curve control’ is unlikely to survive in its existing form once he takes the helm.
Mentioned in this podcast:
FTX’s trading affiliate Alameda sues Grayscale over crypto investments
Chinese companies choose Switzerland over US and UK to raise money overseas
Ditching bond yield cap will be tricky task for new Bank of Japan governor
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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China’s military spending to outpace economic growth
Huawei is lobbying to build the Malaysian government’s 5G network, China will aim for an economic expansion of “around 5 per cent” for 2023, Israel has been gripped by a bitter battle between supporters and opponents of proposed judicial reforms, and US President Joe Biden will soon issue his first presidential veto.
Mentioned in this podcast:
Huawei fights for role in Malaysia’s 5G rollout
China’s military budget outpaces economic growth in shift to security
Xi Jinping set to overhaul China’s economic policy team at watershed congress
The angry divide in Israel over the rule of law and religion
Joe Biden expected to issue first presidential veto in anti-ESG vote
Credit: SCMP Clips: China targets to boost gross domestic product by ‘around 5%’ in 2023
Credit: Reuters: Police in Israel use stun grenades on judicial reform protesters
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Read a transcript of this episode on FT.com
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Introducing Tech Tonic Season 6: The Quantum Revolution
Tech companies and labs around the world are building a revolutionary new computer. Quantum computers harness the mysteries of quantum physics to perform calculations that seem impossible. The people building them say they’re going to change the world.
In a new season of Tech Tonic, FT tech journalists Madhumita Murgia and John Thornhill investigate the race to build a quantum computer, the impact they could have on security, innovation and business, and the confounding physics of the quantum world.
Are we really on the brink of a quantum revolution? And what will a future powered by quantum computing look like?
Check out stories and up-to-the-minute news from the Technology team at ft.com/technology
Presented by Madhumita Murgia and John Thornhill, produced by Josh Gabert-Doyon and Edwin Lane. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. The FT’s head of audio is Cheryl Brumley.
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London Stock Exchange gets the cold shoulder
The US will launch a renewed crackdown on countries that are helping the Kremlin evade western sanctions, the world’s largest building materials group plans to move its listing from London to New York, and the FT’s Delphine Strauss explains why higher wages could undermine central banks’ battle against inflation.
Mentioned in this podcast:
US to launch new crackdown on Russian sanctions busting
Buildings giant CRH plans to move listing from London to New York
Global economy: will higher wages prolong inflation?
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Salesforce catches a break
Salesforce reported better than expected earnings on Wednesday amid a fight with activist investors, Bridgewater Associates is set to cut about eight per cent of its workforce, and Chinese factories are on a charm offensive.
Mentioned in this podcast:
Salesforce earnings provide some respite amid activist fight
Bridgewater to cut jobs and cap flagship fund in post-Dalio overhaul
Chinese factories launch charm offensive for buyers after Covid isolation
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Goldman’s big bet
Goldman Sachs is going all in on asset management, Nigeria’s opposition parties are calling for a rerun of the presidential election over the weekend, and a London mansion tied to the Saudi royal family is up for sale and expected to fetch a record price.
Mentioned in this podcast:
Goldman Sachs explores ‘strategic alternatives’ for consumer business
London’s most expensive ever house sale lined up after Saudi loan expires
Tinubu leads disputed Nigerian vote as opposition calls for election rerun
Credit TVC News Nigeria Bola Tinubu Commends Election Process
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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A big step for Brexit
Shell’s top executives explored moving the company to the US, and Britain and the EU clinched a deal on Monday to settle their dispute over Northern Ireland trading rules. Plus, the FT’s Robert Armstrong explains why the dance between investors and central banks has gotten dull.
Mentioned in this podcast:
Shell explored quitting Europe and moving to the US
EU and UK strike Brexit deal on Northern Ireland
Credit: The Telegraph Rishi Sunak and Von der Leyen announce Northern Ireland Protocol deal
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The future of the World Bank
Major US employers are reporting a dramatic improvement in hiring conditions despite official data, and the FT’s Aime Williams tells us what the World Bank might look like under the leadership of Ajay Banga. Plus, the FT’s Demetri Sevastopulo explains what the Chinese spy balloon saga means more broadly for the relationship between Beijing and Washington.
Mentioned in this podcast:
US companies say it is easier to hire despite low jobless rate
Ajay Banga, World Bank nominee must swap finance for climate
Beyond the balloon: the US-China spy game
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Ukrainian filmmaker Nadia Parfan on art and resistance
Nadia Parfan was travelling outside Ukraine when Russia invaded on February 24. Instead of remaining abroad, Parfan returned to her homeland, fearing isolation more than physical danger. She spoke with FT Weekend host Lilah Raptopoulos about a documentary she produced in partnership with the New Yorker, called “I Did Not Want to Make A War Film”. From a coffee shop in Kyiv, Parfan spoke to Lilah about making the film, life in Ukraine for civilians away from the front lines, and art as a form of resistance.
Mentioned in this podcast:
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Life in a war zone
It’s been a year since Russia’s full-scale invasion of Ukraine. Ukraine MP Lesia Vasylenko describes waking up in a war zone that day and she argues that Russian war crimes must not be allowed to go unpunished.
Mentioned in this podcast:
Defence industry shares soar on western backing for Ukraine
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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The economics of Russia’s war in Ukraine
Investors are betting the European Central Bank will raise interest rates to all-time highs, and the FT’s Ben Hall explains the impact of the war in Ukraine on the country’s economy.
Mentioned in this podcast:
Investors ramp up bets on ECB lifting interest rates to all-time high
FT Live: Putin’s war on Ukraine: One year on
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Russia’s ‘second front’
Consumer confidence in the eurozone is up, Moscow is buying influence in Africa on the cheap, and the FT’s Henry Foy explains how the war in Ukraine shattered illusions and shifted EU foreign policy.
Mentioned in this podcast:
European consumer confidence hits one-year high as energy crisis eases
How Moscow bought a new sphere of influence on the cheap
How Russia’s propaganda machine is reshaping the African narrative
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Biden in Poland for Ukraine war anniversary
US President Joe Biden travels to Poland to mark one year since Moscow invaded Ukraine, the FT’s Felicia Schwartz discusses US response to the war over the past year and the FT’s John Paul Rathbone describes how the war has progressed.
Mentioned in this podcast:
Poland calls for security guarantees for post-war Ukraine
UK defence secretary: Russia’s ‘big’ Ukraine offensive advancing in ‘metres not kilometres’
Germany faces repeat of 2015 refugee crisis as 1mn Ukrainians seek safety
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Nigeria’s ‘democracy generation’
YouTube chief executive Susan Wojcicki is stepping down, the Pentagon is reviewing its weapons stockpiles after seeing how quickly ammunition has been used up in the war in Ukraine, and young Nigerians are the largest voting bloc in the country’s upcoming presidential election. Plus, the FT’s Clive Cookson tells us what else flies in the ‘forgotten space’ where the Chinese spy balloon was discovered.
Mentioned in this podcast:
YouTube chief executive Susan Wojcicki to step down
Ukraine war pushes US to review arms stockpiles
Nigeria’s ‘democracy generation’ makes its voice heard as polling day looms
Spy balloons, sky clutter and UFOs: what flies in the ‘forgotten space’?
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The SEC’s crypto crackdown
World Bank president David Malpass will step down from his post at the end of June, US authorities have begun the year looking to further crack down on crypto companies, and Nicola Sturgeon announced her resignation as Scotland’s first minister after a backlash over her strategy for securing independence.
Mentioned in this podcast:
World Bank president David Malpass to step down in June
US crackdown turns up the heat on crypto market
Nicola Sturgeon quits as Scotland’s first minister
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Dispatch from northwest Syria
US inflation declined in January though less than expected, Turkey’s president faces a backlash for an amnesty programme that forgave faults in millions of buildings, and humanitarian aid is finally reaching shell-shocked Syrians after last week’s earthquake.
Mentioned in this podcast:
Syrians left to fend for themselves as earthquake relief fails to materialise
Erdoğan under fire as shoddy Turkish building standards exposed by earthquake
US inflation cools slightly in January
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US regulators go after non-competes
Nigeria’s highest court slapped a temporary ban on the plan to replace the country’s largest currency notes, and US regulators may ban non-compete clauses that stop workers from jumping to a rival company for a certain amount of time after quitting.
Mentioned in this podcast:
Nigeria’s top court halts botched plan to replace currency notes
US companies mount resistance to proposed ban on non-compete clauses
FT Live: Putin’s war on Ukraine: One year on
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Syrian refugees in Turkey face rising hostility
The earthquake in Turkey has worsened the plight of Syrian refugees who already face rising hostility, YouTube has rolled out a revenue sharing scheme to lure new content creators away from rival TikTok, and dark horse candidate Kazuo Ueda has upset expectations for the next Bank of Japan governor.
Mentioned in this podcast:
‘They hate us’: quake tests cohesion between Syrian refugees and Turkish hosts
YouTube Shorts takes on TikTok in battle for younger users
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Credit Suisse’s big slump
China has pulled back from an internet pipeline connecting Asia with Europe, activist investor Nelson Peltz has called off his fight against Disney, and Americans are expected to wager a record $16bn on Sunday’s Super Bowl. Plus, the FT’s Owen Walker talks about Credit Suisse’s worse-than-expected earnings report and the bank’s plan to save itself.
Mentioned in this podcast:
China pulls back from global subsea cable project amid US tensions
Nelson Peltz calls off Disney proxy fight
Credit Suisse slumps to biggest annual loss since financial crisis
US gamblers expected to bet record amounts on Superbowl
Sound Credit: Ad Age's Super Bowl Archive
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Disney to axe 7,000 jobs
Disney plans to cut 7,000 jobs to reduce costs, the UK competition regulator said Microsoft’s acquisition of video game maker Activision Blizzard would harm competition for UK gamers, and the seventh-generation leader of a European banking dynasty is taking the family’s company private.
Mentioned in this podcast:
Disney to axe 7,000 jobs in $5.5bn cost-cutting plan
UK regulator deals blow to Microsoft’s $75bn Activision deal
Activision Blizzard chief: UK would lose out if it blocks Microsoft deal
‘You can’t be half pregnant’: Why Rothschild is calling time on the public market
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Adani scrambles to reassure investors
Federal Reserve chair Jay Powell said on Tuesday that reducing inflation would take a “significant period of time”, Turkey declared a state of emergency in areas ravaged by the region’s worst earthquake in decades, and the FT’s John Reed explains how allegations of stock manipulation at Indian conglomerate Adani present a challenge to the country’s institutions.
Mentioned in this podcast:
Erdoğan declares state of emergency in Turkey after deadly earthquake
Desperate victims of Turkish earthquake victims cry, pray and wait for news
The Adani affair: the fallout for Modi’s India
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The jig is up for the Texas two-step
The UK Treasury and Bank of England are designing a “digital pound”, Google revealed plans on Monday to launch a chatbot to rival OpenAI’s popular ChatGPT, more than 11,000 residents of Nigeria’s oil-producing Niger Delta have filed a claim for compensation against Shell, and a ruling by a US court will make companies think twice about using bankruptcy schemes such as the Texas two-step to handle lawsuits.
Mentioned in this podcast:
UK to design ‘digital pound’ that could fend off a future private tech rival
Google reveals plans for chatbot ‘Bard’ as AI tech race heats up
Talc ruling a blow to the ‘Texas two-step’ bankruptcy jig
Shell hit with damages claim by 11,000 Nigerians in UK High Court
Behind the Money episode about the Texas Two-Step
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Unhedged’s Rob Armstrong on a puzzling US economy
The US donor network led by billionaire industrialist Charles Koch has signalled it will oppose Donald Trump’s bid to secure the 2024 Republican presidential nomination, and European banks launch earnings season with healthy profits. Plus, the FT’s Robert Armstrong says the latest US jobs report is another piece in the US economic puzzle.
Mentioned in this podcast:
Billionaire Koch’s donor network says it opposes Trump’s re-election
UBS profits rise after Credit Suisse client defections
Deutsche Bank delays buyback decision as annual profits hit 15-year high
No signs of US slowdown in surprisingly robust jobs market
Capture: who's looking after the children? | FT Film
Download the FT Edit app here: ft.com/ftedit
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Markets’ dove-coloured glasses
Big Tech companies reported earnings lacklustre yesterday, equities markets ended Thursday higher despite central banks tightening monetary policy, and US job growth is expected to have slowed for the sixth consecutive month.
Mentioned in this podcast:
Apple’s revenue growth streak snapped after supply chain woes
Meta shares soar on resilient revenue and share buybacks
ECB raises rates by 0.5 percentage points as Lagarde commits to ‘stay the course’
Bank of England raises interest rates by 0.5 percentage points to 4%
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Federal Reserve slows pace of rate rises
The US Federal Reserve increased its benchmark interest rate by a quarter of a percentage point on Wednesday, Adani Enterprises called off its $2.4bn equity fundraising, and banks that lost billions from the Archegos Capital Management meltdown will get back as little as 5 cents on the dollar. Plus, the FT’s Cristina Criddle looks at a new social media app launched by the founders of Instagram.
Mentioned in this podcast:
Federal Reserve shifts to quarter-point rate rise but warns of more to come
Adani Enterprises calls off $2.4bn share sale
Banks to recoup as little as 5 cents on the dollar in Archegos restructuring
Instagram founders launch Artifact to rival Twitter and tackle misinformation
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Do meme 'stonks' still stink?
Hundreds of thousands of UK public sector workers set to walk out on Wednesday in co-ordinated action, the EU is set to unveil a draft plan today that loosens the rules around clean energy subsidies. Plus, the FT’s US markets editor Jennifer Hughes looked at how meme-stock companies are performing after raising capital during the pandemic meme stock frenzy.
Mentioned in this podcast:
EU plans to relax curbs on tax credits in response to ‘toxic’ US subsidies
Meme-stock groups have raised $5bn in 2 years since trading frenzy
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Renault and Nissan reach a deal to save alliance
The International Monetary Fund says that global economic growth has proven “surprisingly resilient” in its latest forecast, Renault and Nissan reached a deal to save their 24-year-old alliance and sources tell FT that the Biden administration has stopped providing US companies with licences to export to Huawei. Plus, South Africa’s unreliable power supply has slowed economic growth.
Mentioned in this podcast:
IMF raises growth forecasts as gas prices fall and China reopens
Washington halts licences for US companies to export to Huawei
Renault and Nissan hammer out historic deal to salvage alliance
South African businesses turn to diesel and solar panels as Eskom crisis deepens
EU to relax curbs on tax credits in response to US green subsidies
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Nelson Peltz versus Disney
India’s Adani Group has published an angry rebuttal of allegations of wrongdoing by short seller Hindenburg Research that wiped more than $50bn from its value last week, central banks prepare to lift interest rates to 15-year highs as investors’ jitters grow, and Walt Disney is bracing for a proxy battle with activist investor Nelson Peltz’s push for a board seat.
Mentioned in this podcast:
Adani rebuttal of short seller critique claims ‘calculated attack on India’
Central banks prepare to lift interest rates to 15-year highs as investors’ jitters grow
Peltz fixates on $71bn Fox deal in fight against Disney and Iger
CNBC: Nelson Peltz lays out his case for Disney proxy fight, slams Fox acquisition
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Nigeria’s $11bn court challenge
UK chancellor Jeremy Hunt will on Friday take on rightwing Tory MPs by rejecting calls for big tax cuts in his Budget, Brazil and Argentina’s leftwing leaders push ahead with common currency plan despite questions over unequal benefits, and Nigeria has begun a high-stakes attempt at London’s High Court to overturn an $11bn arbitration award.
Mentioned in this podcast:
Jeremy Hunt to defy rightwing Tory MPs by rejecting calls for Budget tax cuts
Economists question South American currency plan
Nigeria begins UK court bid to overturn $11bn arbitration award
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Tesla sees a bumpy road ahead
Tesla reported record revenues last quarter, the Bank of Canada signalled it would pause interest rate rises, and trillions of dollars each day are gushing into a US Federal Reserve facility designed to mop up excess cash in the financial system.
Mentioned in this podcast:
Tesla aims to build 1.8mn cars this year but warns of challenges
US economic growth set to have slowed in fourth quarter of 2022
Investors pump trillions of dollars a day into ultra-safe Fed facility
Bank of Canada signals likely pause in tightening after latest interest rate rise
Central banks should sacrifice ambitions of a perfect economic landing
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Microsoft cloud business holds up
Growth in Microsoft’s cloud computing business slowed further in the latest quarter but still did better than the software company and many analysts had predicted, the Qatar Investment Authority has doubled its stake in Credit Suisse, and Chris Hipkins has been sworn in as New Zealand’s next prime minister, replacing Jacinda Ardern.
Mentioned in this podcast:
Qatar Investment Authority doubles stake in Credit Suisse
‘Mr Fixit’ replaces Jacinda Ardern as New Zealand’s prime minister
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Germany’s tank dilemma
Bonds issued by China’s highly indebted real estate developers have rebounded sharply over the past two months, the EU is on the brink of effectively severing ties with its biggest external diesel supplier, and pressure is mounting on Germany to send its highly prized Leopard tanks to Ukraine.
Mentioned in this podcast:
China property bonds rebound on support measures from Beijing
Oil market braces for fresh turmoil as EU prepares to cut off Russian diesel
Why are Ukraine’s allies arguing about tanks?
‘Free the leopards!’: Tank row heightens Germany’s isolation over Ukraine
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A Latin American common currency?
Brazil and Argentina will this week announce that they are starting preparatory work on a common currency, advisers to western banks trying to exit Russia say a law introduced by Vladimir Putin is disrupting sales and allowing deals to be hijacked, and Elon Musk faces tough choices to meet financial obligations of his Twitter takeover financed by $13bn in debt.
Mentioned in this podcast:
Brazil and Argentina to start preparations for a common currency
Western banks struggle to exit Russia after Putin intervention
Looming Twitter interest payment leaves Musk with unpalatable options
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Netflix's CEO steps down
Reed Hastings is stepping down as chief executive of Netflix, central bankers are making it clear to investors that they’re going to keep raising interest rates, companies are trying to find solutions to global supply chain kinks, and the FT’s Yuan Yang explains the power of collectively remembering pandemic lockdowns in China.
Mentioned in this podcast:
Netflix co-founder Reed Hastings to step down as chief executive
Central bankers pledge to ‘stay the course’ on high interest rates
Companies race to work around choke points in world trade
China’s collective memories of the pandemic deserve to be preserved
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US expected to hit debt ceiling
The US is set to hit the debt ceiling today and Microsoft plans to cut 10,000 jobs to bring down costs. Plus, the FT’s Katie Martin reports from Davos on the tense relations between the US and Europe over America’s new expensive green subsidies law.
Mentioned in this podcast:
EU makes green pitch to rival US subsidy splurge
Microsoft to cut 10,000 jobs in push to bring down costs
The US hits the debt ceiling today. What happens next?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Beijing’s new tech control strategy
Goldman Sachs’ profits plunged by two-thirds last quarter while Morgan Stanley reported a 40 per cent year-on-year drop in net income, and companies are facing a record number of shareholder proposals about abortion policies. Plus, Beijing is changing tack in its efforts to secure a firmer grip on the country’s technology companies.
Mentioned in this podcast:
Morgan Stanley retains edge over Goldman due to booming wealth unit
China moves to take ‘golden shares’ in Alibaba and Tencent units
China tech stocks stage $700bn recovery rally
Shareholders bring US abortion battle to the boardroom
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Berlin beats back Big Tech
US Treasury secretary Janet Yellen will meet her Chinese counterpart Liu He in Zurich this week, a former Russian paramilitary soldier has promised to give evidence against the notorious Wagner group after making a dramatic escape to Norway, and scientists have unveiled a laser beam to deflect lightning strikes. Plus, as EU regulators slowly roll out their own Big Tech regulation enforcement, Berlin is already holding gatekeepers to account.
Mentioned in this podcast:
Yellen to meet Chinese finance minister in Zurich this week
Wagner fighter seeks asylum after dramatic escape to Norway
How Germany became Europe’s leading Big Tech trust buster
Scientists unveil laser beam to deflect lightning strikes
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The FT heads to Davos
Demand for ‘buy now, pay later’ deals has surged among all age groups in the UK, US regulators are cracking down on a type of investment vehicle used by private equity groups, and we’ll chat with the FT’s chief foreign affairs commentator Gideon Rachman as he heads to Davos.
Mentioned in this podcast:
US regulators crackdown on ‘collateralised fund obligations’
Geopolitics threatens to destroy the world Davos made
Buy now, pay later demand soars among all age groups in the UK
Special subscription offer: ft.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Pakistan’s debt crisis
Annual US inflation fell in December to its lowest level in more than a year, and Sweden’s state-owned mining company LKAB has said it has discovered Europe’s largest deposit of rare earth metals. Plus, the FT’s Jonathan Wheatley and Farhan Bokhari discuss Pakistan’s financial crisis.
Mentioned in this podcast:
US inflation falls to lowest level in more than a year
Pakistan secures more than $9bn of pledges for post-flood recovery
Sweden discovers biggest rare earths deposit in EU
Access 50% off a digital subscription FT.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Moscow’s military reshuffle
Brussels is stockpiling drugs and obliging manufacturers to guarantee supplies, and Russian forces are stepping up attacks on the Ukrainian town of Soledar. Plus, the FT’s Peggy Hollinger explains why Virgin Orbit's failed satellite launch is such a big deal for Europe.
Mentioned in this podcast:
Virgin Orbit scrambles to establish why first UK satellite launch failed
Russian forces may have scored rare success in battle near Bakhmut
Military briefing: Ukraine’s hopes lift as western allies assess tank coalition
War in Ukraine costs Moscow more than its record energy revenues
Access 50% off a digital subscription FT.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Toyota’s EV struggle
UK staffers fired by Twitter claim their dismissals were conducted unlawfully, BioNTech has agreed to buy UK artificial intelligence start-up InstaDeep, and Toyota is confronting an “unprecedented” challenge to revive its electric vehicle sales. Plus, the FT’s Tom Wilson chats about the challenges facing Shell’s new chief executive, Wael Sawan.
Mentioned in this podcast:
Twitter hit with legal challenge from former UK staff
Toyota leasing unit warns of ‘unprecedented’ challenge to boost EV sales
BioNTech buys UK AI start-up InstaDeep in £562mn deal
Wael Sawan, the Shell lifer taking helm to navigate energy transition
Virgin Orbit shares sink after rocket ‘anomaly’
Access 50 per cent off of a digital subscription FT.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
White House under pressure to expel Bolsonaro
The White House is facing calls from the US Congress to expel former Brazilian president Jair Bolsonaro after Sunday’s insurrection, France is set to present a draft law that will raise the country’s retirement age. Plus, the FT’s Sun Yu explains why China is restricting certain domestic companies from going public.
Mentioned in this podcast:
White House under pressure to expel Jair Bolsonaro after Brazil protests
Beijing blocks listings of ‘red light’ companies to steer funding to strategic sectors
‘We must work longer’: Macron prepares for fight over French pensions reform
Access 50 per cent off of a digital subscription FT.com/briefingsale
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Bolsonaro supporters storm Brazil’s capital
Thousands of supporters of Brazil’s former rightwing president Jair Bolsonaro stormed the country’s capital, and America’s biggest banks are set to report another quarter of bumper profits. Plus, the FT’s Middle East editor Andrew England explains how Gulf nations’ sovereign wealth funds plan to invest the cash they’ve reaped from the recent boom in oil prices.
Mentioned in this podcast:
Supporters of Bolsonaro invade Brazil’s Congress
The new Gulf sovereign wealth fund boom
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Crypto bank’s ‘crisis of confidence’
The pace of US jobs growth is set to have slowed further in December, and clients pulled $8.1bn in deposits from crypto-focused US bank Silvergate late last year. Plus, the FT’s Pilita Clark comments on the slow death of the company phone number.
Mentioned in this podcast:
Pace of US jobs growth set to have slowed again in December
Silvergate shares tumble as crypto bank reveals $8.1bn fall in deposits
The strange death of the company phone number
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Falling inflation in Europe
IMF deputy managing director says the Federal Reserve shouldn’t declare victory against inflation just yet, inflation in Europe is falling, and the World Health Organization has accused China of undercounting Covid deaths.
Mentioned in this podcast:
Fed wants ‘more evidence’ of easing inflation and backs fresh rate rises
US inflation has not ‘turned the corner yet’, top IMF official warns
Falling French inflation sparks hope of end to Europe’s price surge
China has under-represented its number of Covid deaths, says WHO
Chinese celebrities’ Covid deaths subvert propaganda push to minimise outbreak
London’s post-lockdown recovery in offices and hotels trailed European rivals
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Apple and Tesla start 2023 on the wrong foot
Downing Street says Britons could struggle to access healthcare this winter, Tesla and Apple shares both fell because of production issues in China, and retail investors are pouring into risky commodities markets.
Mentioned in this podcast:
Downing Street admits Britons will struggle to access the NHS
Tesla shares slide after deliveries fall short of Wall St expectations
Apple’s market value falls below $2tn as tech rout hits iPhone maker
Commodities trading boom raises fear of big losses among retail investors
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
How did 2% become the magic inflation target?
Economists say the UK will face one of the worst recessions and weakest recoveries in the G7 in the coming year, and The Netherlands may be the first country to hit the limits of growth. Plus, the FT’s Colby Smith explains how the Federal Reserve and other central banks settled on a 2 per cent inflation rate target.
Mentioned in this podcast:
UK faces worst and longest recession in G7, say economists
The Netherlands may be the first country to hit the limits of growth
Opinion: It is time to revisit the 2% inflation target
FT editorial board: Inflation targeting and the 2 per cent goal
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Bankman-Fried’s $250mn bail
FTX founder Sam Bankman-Fried’s bail is set at $250mn, Wall Street stocks slide after a round of upbeat economic data was released, and the FT’s Andrew Edgecliffe-Johnson reflects on the year in corporate news.
Mentioned in this podcast:
FTX founder Sam Bankman-Fried to be released on $250mn bond
Big investors warm to bonds after historic 2022 sell-off boosts yields
US stocks sink after strong data support further monetary tightening
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
UK childcare in crisis
Big Tech groups are ditching offices that are part of their European headquarters to cut costs and Tesla has fallen below ExxonMobil in stock market value for the first time since 2020. Plus, the FT’s Claer Barrett explains how British families are coping with the sky-high cost of childcare.
Mentioned in this podcast:
US tech giants ditch European offices
Money Clinic Podcast: Childcare in crisis
Tesla share slide sends valuation below ExxonMobil
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Bank of Japan stuns markets
The Bank of Japan stunned markets with an unexpected change to its controversial yield curve control policy, and a group of FTX customers will try to secure quicker repayment for people who have money trapped with the defunct exchange. Plus, we take a look back at the biggest energy story of 2022.
Mentioned in this podcast:
Bank of Japan stuns markets with yield control policy change
FTX clients to vie for priority payouts in US bankruptcy case
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Wirecard on trial
US regulators settled a record breaking case against the maker of video game Fortnite, a former Wirecard executive told a Munich court that the collapsed German payments company was a “sloppily done fraud”, and a boom in mainland Chinese family offices setting up in Singapore is drawing in thousands of financial professionals.
Mentioned in this podcast:
Epic Games pays FTC $520mn to resolve ‘Fortnite’ claims
Wirecard was ‘sloppily done fraud’, chief witness tells Munich court
Booming Chinese family offices recruit top bankers in Singapore
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
India ramps up lending to counter China
EU member states have reached a deal on the world’s first major carbon border tax, New Delhi has stepped up spending on infrastructure in neighbouring countries, the world’s largest investment banks for the first time will earn more dealmaking fees in India this year than in China, a new generation of artificial tasks is able to do more jobs that previously only humans could do.
Mentioned in this podcast:
Brussels agrees to world’s first carbon tax
India’s plan to take on China as south Asia’s favourite lender
Investors seek to profit from groundbreaking generative AI start-ups
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Britain’s nurses launch historic strike
Global stocks tumbled after a broad group of central banks raised interest rates, and nurses in England, Wales and Northern Ireland went on strike. Plus, Argentina’s World Cup success is temporarily distracting Argentinians from economic and political turmoil.
Mentioned in this podcast:
US and European stocks tumble as global outlook sours
Ministers reject nurses’ pay demand amid historic strike
World Cup: Lionel Messi mania diverts Argentina from its economic problems
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Fed enters a new phase
The Federal Reserve slowed the pace of its interest rate increases, western sanctions are causing a steady degradation, rather than a dramatic collapse, of Russia’s economy, and billionaire Ray Dalio is teaming up with Titanic director James Cameron to invest in a luxury submarine maker.
Mentioned in this podcast:
Fed implements half-point rate rise as central banks enter new phase
Russia’s wartime economy: learning to live without imports
Bridgewater’s Ray Dalio invests in submarines for the ultra-rich
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Former FTX chief charged with fraud
US inflation slowed for the second month in a row, the US has formally charged former FTX chief executive, Sam Bankman-Fried, with criminal conspiracy and fraud, and US scientists have made a breakthrough in a powerful clean energy technology.
Mentioned in this podcast:
US accuses Sam Bankman-Fried of conspiracy and fraud after FTX collapse
US shares and bonds surge as inflation hits lowest level since December 2021
How US scientists moved one step closer to dream of fusion power
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Sam Bankman-Fried arrested in Bahamas
Sam Bankman-Fried, the former chief executive of bankrupt crypto exchange FTX has been arrested in the Bahamas, Goldman Sachs is considering cutting hundreds of jobs, Belgian police raided a European parliamentary office in a widening corruption scandal involving World Cup host Qatar, and Germany’s reliance on Russian gas has exposed a weakness that could derail the country’s economic success.
Mentioned in this podcast:
FTX founder Sam Bankman-Fried arrested in the Bahamas
Goldman considers hundreds of job cuts at consumer business
Fresh raids as Qatar corruption scandal rocks Brussels
Germany confronts a broken business model
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Spyware maker NSO hopes for a comeback
Environmental group Greenpeace has started legal proceedings against the UK government to try and block new North Sea oil and gas exploration licences, European oil companies are attracting US investors who view them as cheap compared to American energy stocks, and Pegasus spyware maker NSO Group is betting that victory by Benjamin Netanyahu will restore its fortunes.
Mentioned in this podcast:
UK oil and gas licensing faces legal challenge from environment groups
US fund managers cross Atlantic to buy European oil stocks
Israel’s NSO bets its future on Netanyahu’s comeback
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FTC hits pause button on video game deal
The US Federal Trade Commission says it will sue to block Microsoft’s $75bn acquisition of video game maker Activision Blizzard, and KLM’s chief executive has encouraged passengers to take the train rather than fly on some short-haul journeys. Plus, the FT’s John Paul Rathbone unpacks a military milestone in the Ukraine war.
Mentioned in this podcast:
FTC sues to block Microsoft’s $75bn acquisition of Activision Blizzard
KLM chief encourages passengers to take the train to cut emissions
Military briefing: Ukraine drone strikes show Russia it has ‘no safe zones’
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Political turmoil in Peru
The US bond market is signalling that investors expect the Federal Reserve to stay the course in its battle to tame inflation, Peru’s congress impeached the country’s president just after he announced he was dissolving the legislature, and German police made arrests related to an alleged rightwing plot to overthrow the government. Plus, US supply chain disruptions have eased, which is helping to bring down inflation.
Mentioned in this podcast:
Bond market signals bets Fed will stand firm in battle against inflation
Peru’s president dissolves congress ahead of planned impeachment vote
German police uncover alleged rightwing plot to overthrow government
US straightens out supply chains after months of inflationary snarls
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China’s next stage of the pandemic
US stocks slid and the price of Brent crude touched its lowest level since January, and China’s elderly are causing challenges for president Xi Jinping.
Plus, the FT’s Alexandra Heal explains that more women in the UK are turning to sex work due to the struggling economy.
Mentioned in this podcast:
Brent crude oil falls below $80 for first time since January
China’s elderly vaccine refuseniks pose obstacle for Xi Jinping
The women turning to sex work to make ends meet
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Could the 4-day work week…work?
US stocks fell after new data showed the US services sector grew last month, PwC plans to take advantage of uncertainty at EY by poaching some of its rival’s most senior executives, and China is catching up to Europe in EV battery production. Plus, the FT’s Working It podcast host, Isabel Berwick, talks about a multi-part series on the four-day work week.
Mentioned in this podcast:
US stocks stumble after hotter than expected services data
PwC targets rival EY in bid to expand partnership
Working It podcast series: Four days work for five days pay
Read: The 4-day week: does it actually work?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Note: This episode incorrectly identifies Bank Benitez as the current chief executive of the company of Uncharted. He is the former chief executive.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The struggle is real for investors in the high-rate era
EU and US officials meet today to discuss the effect Washington’s green subsidies plan is having on Europe and Opec is standing pat as the cartel awaits a price cap on Russian oil to go into effect. Plus, the FT’s Katie Martin explains how fund managers are struggling in the new era of higher interest rates.
Mentioned in this podcast:
Von der Leyen promises EU help for companies lured by US green subsidies
Opec+ says ready to adjust oil output as Russia embargo looms
A year of pain: investors struggle in a new era of higher rates
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The corporate backlash against net zero
Brussels is pushing EU member states to agree to a $60 ceiling on global purchases of Russian oil and emerging market stocks and bonds are staging a strong rebound. Plus, a push by the UN to tighten corporate rules around net-zero pledges is sending shudders through some boardrooms, and the world’s largest active volcano, Hawaii’s Mauna Loa, erupted this week after lying dormant for nearly 40 years.
Mentioned in this podcast:
Brussels seeks deal on $60 global price cap for Russian oil
Emerging market stocks and bonds stage powerful rebound rally
Get ready for a net zero business backlash
Boon for scientists as world’s biggest active volcano roars back to life
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Fed hints at less aggressive rate increase
Federal Reserve chair Jay Powell signalled the central bank will start to slow the pace of interest rate increases, French president Emanuel Emmanuel Macron is meeting with US president Joe Biden today, and Eurozone inflation finally slowed down. Plus, we get the latest on the fallout from the FTX crypto collapse.
Mentioned in this podcast:
Jay Powell signals Fed will slow pace of rate rises next month
Emmanuel Macron to use US visit to highlight Ukraine war’s economic toll on EU
Eurozone inflation falls more than expected to 10%
Crypto lender BlockFi files for Chapter 11 bankruptcy
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Private equity’s mystery boxes
China is enlisting the help of tech giants to reduce its dependence on foreign semiconductor technology, the Federal Reserve is divided over how much to raise interest rates, and private equity firms are selling an investment product similar to the collateralised debt obligations that fuelled the 2008 financial crisis.
Mentioned in this podcast:
Fed officials in danger of splitting on future rate rises, warn economists
China enlists Alibaba and Tencent in fight against US chip sanctions
Collateralised fund obligations: how private equity securitised itself
Alibaba founder Jack Ma living in Tokyo since China’s tech crackdown
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Why are China’s nationwide protests happening now?
Europe is importing a record amount of seaborne Russian gas, and Rolls-Royce has successfully tested hydrogen instead of conventional jet fuel to power a modern aircraft engine. Plus, the FT’s Europe-China correspondent, Yuan Yang, explains why the protests in China are supported by a rare nationwide coalition of interests.
Mentioned in this podcast:
Europe’s imports of Russian seaborne gas jump to record high
Rolls-Royce tests hydrogen-fuelled aircraft engine in aviation world first
China’s zero-Covid protests create a rare nationwide coalition of interests
News Clips: AP
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China rocked by protests against ‘zero-Covid’ policies
Zero-Covid protests in Shanghai escalated on Sunday evening as police struggled to disperse large crowds who gathered in the city, and Iranian protests continue but businesses are reluctant to join. Plus, the FT’s Brussels bureau chief, Sam Fleming, discusses the EU’s latest refugee crisis.
Mentioned in this podcast:
China rocked by protests as zero-Covid anger spreads
China’s zero-Covid protests create a rare nationwide coalition of interests
The system is overwhelmed: Europe’s migrant influx
‘Little readiness for general strikes’: Iranians put jobs before pro-democracy protests
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Martin Wolf: The geopolitical threat to globalisation
The FT’s chief economics commentator, Martin Wolf, discusses why geopolitics could be the biggest threat to globalisation.
Mentioned in this podcast:
Geopolitics is the biggest threat to globalisation
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Qatar’s bet on the World Cup
Mortgage rates in the UK on five-year fixed deals have dipped below 6 per cent for the first time in nearly two months, and US retailers are facing their first real-terms fall in revenues since the global financial crisis this holiday season. Plus, the FT’s gulf correspondent, Simeon Kerr, explains why there’s so much pressure on Qatar as the country hosts the World Cup.
Mentioned in this podcast:
Mortgage rates on five-year fixes tip below 6 per cent
US retailers face first real-terms fall in sales since financial crisis
Video: Qatar's World Cup legacy
FIFA: Saleh Al-Shehri scores for Saudi Arabia vs Argentina!
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Bob Iger's back at Disney. But who comes next?
Austria’s central bank chief is calling for a third-straight 0.75 percentage point interest rate rise at the European Central Bank’s next meeting, Disney executives ousted Bob Chapek as CEO and re-installed Bob Iger, and oil prices had a hectic day yesterday but remain well below their summer peak. Plus, the UK’s appetite for bacon is back.
Mentioned in this podcast:
ECB’s Holzmann backs 0.75 percentage point increase in December
Oil bounces off 10-month low after Saudi Arabia denies report on Opec supply boost
Disney executives staged putsch against ousted CEO Bob Chapek
Danish Crown to build £100mn UK plant as bacon demand rebounds
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Cracks in the US Treasury bond market
A report finds that large asset managers are invested in companies allegedly linked to the repression of Uyghur Muslims, and Lebanese households and businesses are installing renewables to bypass the country’s power crisis. Plus, the FT’s Kate Duguid explains why we’re starting to see cracks in the US Treasury bond market and whether there is cause for concern.
Mentioned in this podcast:
MSCI investors at risk of exposure to Xinjiang allegations, report says
Lebanon’s failing state forces unplanned shift to solar power
The cracks in the US Treasury bond market
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The UK chancellor’s new plan
The world’s largest cryptocurrency fund has become embroiled in the turmoil swirling around the troubled sector, Jeremy Hunt announces a £55bn fiscal squeeze as UK economic outlook darkens, and negotiators at the COP27 UN climate conference in Egypt burned the midnight oil to eke out an agreement before the conference closes today.
Mentioned in this podcast:
World’s largest crypto fund swept into FTX storm
COP27 enters frenetic final stretch
COP27: The loss and damage debate is intensifying
Jeremy Hunt unveils £55bn fiscal squeeze as UK economic outlook darkens
Bad Blood © 2015 Apollo A-1 LLC
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s globa l head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Crypto broker Genesis halts withdrawals
UK chancellor Jeremy Hunt is set to unveil a massive package of tax rises and spending cuts, crypto broker Genesis Trading suspended withdrawals, and Iraq is reeling from a massive corruption scandal.
Mentioned in this podcast:
Crypto broker Genesis Trading halts withdrawals at lending unit
Hunt prepares bid to repair Britain’s tarnished economic reputation
Iraq reels from $2.5bn tax ‘heist of the century’
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Twitter’s ‘collision course’ with EU
A landmark tech regulation law goes into effect in Europe, Russia targeted Ukraine’s power infrastructure in an air raid, and the Japanese Yen is rebounding from 32-year lows.
Mentioned in this podcast:
Yen rebounds from 32-year lows on hopes for slower Fed rate rises
Elon Musk’s Twitter on ‘collision course’ with EU regulators
Military briefing: what’s next after Kherson
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Amazon set for big job cuts
Amazon is planning to cut about 10,000 jobs, Google got hit with its biggest US privacy penalty, and Beijing has a plan for China’s troubled property sector.
Mentioned in this podcast:
Amazon prepares for mass job cuts in latest sign of Big Tech belt-tightening
Google hit with its biggest US privacy penalty in $391.mn settlement
Chinese property stocks soar on hopes of turning point for sector
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Apple’s bargain with Beijing
Digital asset exchanges are rushing to reassure clients that their funds are safe as the FTX collapse ricochets through the industry, a top Federal Reserve official says the US central bank is entering a new phase of policy tightening that will be harder to navigate, and Apple’s reliance on China leaves the business vulnerable to supply chain shocks.
Mentioned in this podcast:
Crypto exchanges race to soothe clients’ nerves after FTX collapse
Fed faces tough task deciding when to stop raising rates, official warns
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend has moved!
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FTX founder’s mega mea culpa
US stocks roared ahead on Thursday in their strongest day in more than two and a half years, and FTX's founder apologizes for the cryptoexchange's collapse. Plus, how a breakaway firm from PwC is testing western sanctions against Russia.
Mentioned in this podcast:
US stocks surge on lower than expected inflation data
Sam Bankman-Fried apologises for FTX crisis
Accountants in Cyprus break from PwC to retain Russia-linked clients
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US midterm elections: what we know so far
Binance backs out of its deal with FTX, Joe Biden and the Democrats avoided sweeping defeats but still risked losing control of Congress to the Republicans, and the FT’s Rob Armstrong explains why a potentially divided Congress could hurt investors.
Mentioned in this podcast:
Republican blame game begins: ‘We want a genuine conservative’
Unhedged: Divided government, diminished profits
Binance ditches deal to rescue rival crypto exchange FTX
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Binance set to buy FTX
Americans voted in crucial midterm elections yesterday, cryptocurrency exchange Binance agreed to buy rival FTX, and TikTok has slashed its worldwide revenue targets for 2022 by at least $2bn.
Mentioned in this podcast:
Midterm elections 2022: what Republicans may do with a House majority
Binance rescues crypto rival FTX
TikTok slashes revenue targets by at least $2bn
TikTok overhauls US business following advertising slump
Swamp Notes: Memo to Dems: sanctimony won’t save the republic
Uzbekistan lobbies EU to lift sanctions on oligarch
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
COP27: South Africa’s tricky shift from coal
UK prime minister Rishi Sunak says Britain and France are in the ‘final stage’ of reaching a deal over migrant crossings, and cyber experts are worried about misinformation on Twitter during the US midterms elections. Plus, the FT’s David Pilling explains why, despite $8.5bn, South Africa is having a hard time moving away from coal.
Mentioned in this podcast:
UK and France in ‘final stage’ of reaching deal over Channel crossings, says Sunak
Cyber experts warn of Twitter misinformation risk on eve of US election
South Africa warns $8.5bn climate package risks fuelling debt burden
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
TSMC's chip challenge
The European Central Bank has clashed with UniCredit over the Italian lender’s plans to return cash to shareholders and its failure to leave Russia, the world’s leading semiconductor producer, TSMC, is battling to stay ahead as world demands ever-smaller chips, the US Supreme Court’s decision to toss out constitutional abortion protections takes employer involvement in women’s health up another notch.
Mentioned in this podcast:
ECB and UniCredit clash over capital plans and Russia presence
TSMC battles to stay ahead as world demands ever-smaller chips
Corporate abortion policies further complicate choices for female staff
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Climate tech to save the planet: Out of thin air
Direct air carbon capture - taking carbon dioxide straight out of the air around us - sounds like science fiction. In this episode of Tech Tonic Pilita Clark visits Iceland to meet the engineers and scientists at the forefront of this new tech. Can carbon capture scale up quick enough to have an impact on climate change, or is it just an excuse to allow fossil fuel companies and emitters to keep polluting?
Check out stories and up-to-the-minute news from the Technology team at ft.com/technology
Tech Tonic is presented by Pilita Clark. Edwin Lane is senior producer. Produced by Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FTNB Special: your crash course to the US midterm elections
In this special episode of the FT News Briefing, listen to our four-part series on the US midterm elections. We go around the country to learn about some of the key issues on voters' minds, from inflation to election denialism. Think of it as your crash course for the election on November 8.
Mentioned in this podcast:
How abortion rights are upending the US midterm elections
‘The headwinds are pretty strong’: Democrats’ midterms hopes falter
Democrats fear loss in Nevada as Hispanic voters turn to Republicans
How Arizona became ground zero for election deniers
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Coming soon: Will climate tech save the planet?
The climate crisis threatens the future of the planet. But don’t worry, technology will save us. At least that’s the message from startups, innovators and investors. Are they right? In a new season of Tech Tonic FT columnist and climate journalist Pilita Clark discovers the tech scene’s latest moonshot efforts to fight climate change, from sucking carbon straight out of the air to the apparent energy miracle of nuclear fusion. Will these technologies be ready in time, or are they a dangerous waste of money and resource at this most critical moment for our planet?
Check out stories and up-to-the-minute news from the Technology team at ft.com/technology
Tech Tonic is Presented by Pilita Clark. Edwin Lane is senior producer. Produced by Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Germany falls out of love with China
The US labour market appears to be cooling, the Bank of England raised interest rates by 75 basis points, the biggest increase in 30 years, and Russia has rejoined a deal to allow grain exports from Ukraine through the Black Sea. Plus, the FT’s Yuan Yang explains why Germany is reconsidering its dependence on trade with China.
Mentioned in this podcast:
Tech groups cut jobs and pause hiring amid ‘leaner times’
Bank of England raises interest rates by 0.75 percentage points
Germany struggles with its dependency on China
Russia agrees to rejoin Ukraine grain exports deal
Subscribe to the FT Weekend podcast
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US midterms countdown: election deniers want your vote
The Federal Reserve raised interest rates by 75 basis points for the fourth time in a row and warned rates would ultimately have to rise to a higher level than previously expected. Plus, today in our US midterm elections series, we will look at “election denial” candidates who’ve campaigned on the assertion that the 2020 election results are illegitimate.
Mentioned in this podcast:
Fed signals slower for longer approach to future rate rises
How Arizona became ground zero for election deniers
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Elon Musk’s juggling act
The Federal Reserve is set to raise interest rates by 0.75 points for the fourth time in a row, and Pfizer raised its sales forecast for its Covid-19 vaccine by $2bn to $34bn on Tuesday. Plus, FT journalists examine whether Elon Musk will be able to run Twitter effectively in addition to several other companies.
Mentioned in this podcast:
Elon Musk has taken on two seriously difficult problems with Twitter
Twitter Space recording: What can we expect from Twitter under Elon Musk?
Pfizer lifts revenue outlook as Covid jab price rise boosts sales
Fed set to raise rates by 0.75 points for fourth time in a row
Demand for US workers rebounds despite Fed’s efforts to cool economy
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Lula’s comeback, Bolsonaro’s silence
Joe Biden calls on US Congress to tax oil companies until they pump more oil, and Renault and Nissan close in on a deal to reshape their partnership. Plus, the FT’s Latin America editor, Michael Stott, discusses the presidential election in Brazil.
Mentioned in this podcast:
Biden to float tax penalties on oil companies reaping record profits
Lula keeps investors guessing on his economic vision for Brazil
Renault and Nissan close in on a deal to save longtime alliance
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Lula makes a comeback, Russia ends Ukraine grain deal
Moscow’s decision to suspend the Black Sea agreement will lead to fresh spike in prices, experts warn, Wall St bankers are under pressure to offer heavy discounts on debt issued to Elon Musk to fund his acquisition of Twitter, European and US banks are offering higher interest rates to lure cash deposits, and thousands of Chinese workers have fled the world’s largest iPhone factory because of a coronavirus outbreak and intolerable lockdown measures.
Mentioned in this podcast:
Lula wins Brazil presidential election in historic comeback
Western countries slam Russia’s decision to exit Black Sea grain deal
Musk becomes media baron with Twitter deal amid Big Tech sell-off
Banks are discovering that holding cash can be lucrative again
Twitter Space: What can we expect from Twitter under Elon Musk?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: The Woman King, with producer Cathy Schulman
This is the last week you’ll hear FT Weekend on this feed! To subscribe to our own feed wherever you listen, click here: https://link.chtbl.com/ftweekend
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This week, we talk about the Hollywood blockbuster The Woman King, starring Viola Davis. It's an epic that features a group of women warriors fighting for the kingdom of Dahomey—and it's got a lot of Oscar buzz. Lilah goes behind the scenes with Academy-Award winning producer Cathy Schulman to discuss what it took to get it made. Then, we look into what happened to plant-based meat. A few years ago, it was all over the news—but the hype died down. Has it been absorbed into our diets, or was it just a fad?
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Want to stay in touch? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– The Woman King is available to watch in cinemas now across the UK and US.
– Cathy's handbook on advancing gender parity in Hollywood: https://bit.ly/3NgKWeA
– The FT’s review of The Woman King: https://on.ft.com/3DdbKI6
– A profile of director Gina Prince-Bythewood by FT film critic Danny Leigh: https://on.ft.com/3DlUArE
– Emiko’s piece on how inflation will affect plant-based meat: https://on.ft.com/3sGJNDI
– Emiko’s Big Read on whether the appetite for plant-based meat has peaked: https://on.ft.com/3U4cKVN
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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial can be found here: http://ft.com/weekendpodcast
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If you want to try FT Edit (8 stories a day, hand-picked by senior editors), it’s available in the iOS app store here: https://apps.apple.com/gb/app/ft-edit/id1574510369
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Clips courtesy of Sony and Burger King.
Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT investigates KPMG Saudi Arabia
Big tech companies lost nearly $1tn in valuation this week, Credit Suisse announced a radical restructuring plan, and expats at KPMG’s Saudi Arabia office are blowing the whistle on working conditions there.
Mentioned in this podcast:
Brutal week for Big Tech with $1tn wiped off valuations
Amazon shares plummet after dismal sales forecast
‘Radical surgery’: Will Credit Suisse’s gamble pay off?
The plight of expat workers at KPMG Saudi Arabia
Subscribe to the FT Weekend podcast
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US midterms countdown: the GOP courts Hispanic voters
The International Energy Agency says the world’s fossil fuel consumption will peak at the end of this decade, and US GDP is expected to have increased in the third quarter. Plus, the FT News Briefing’s Sonja Hutson takes us to Pennsylvania, one of the many places where Republicans are making a play for Hispanic voters.
Mentioned in this podcast:
US GDP expected to have rebounded in the third quarter
IEA forecasts fossil fuel demand will peak this decade
Democrats fear loss in Nevada as Hispanic voters turn to Republicans
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Google earnings fall on lower ad sales
Alphabet reported an unexpectedly severe slowdown in its core search ads business, and the European Central Bank is going to start talks on shrinking its balance sheet. Plus, the FT’s Stefania Palma explains which US Supreme Court cases could have a major impact on businesses.
Mentioned in this podcast:
Alphabet shares knocked by sluggish revenue growth
Solid cloud demand helps Microsoft offset PC market weakness
ECB to start talks on shrinking balance sheet amid bond market turmoil
FT Live event: Xi after the People’s Congress
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Rishi Sunak takes the reins
Chinese technology stocks sold off sharply after president Xi Jinping secured a third term as party leader. Plus, the FT’s chief features writer, Henry Mance, talks about former chancellor, and now prime minister, Rishi Sunak.
Mentioned in this podcast:
Rishi Sunak to become UK prime minister
Chinese tech stocks tumble in US trading as Xi bolsters political power
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Boris Johnson drops out
More FTSE-listed companies have issued profit warnings this quarter than at any time since 2008, and jet shortages are hitting airlines hard. Plus, the FT’s Eri Suguira explains why Toyota is struggling to produce fully electric vehicles.
Mentioned in this podcast:
Boris Johnson pulls out of Tory leadership race
Toyota was a hybrid pioneer with the Prius but struggles to leap to electric
Airlines hit by jet shortages in new challenge for aviation
Profit warnings soar as UK companies struggle with costs
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Jane Austen, forever. Plus: trans inclusion in sports
To subscribe to FT Weekend wherever you listen, click here: https://link.chtbl.com/ftweekend
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Two hundred years after Jane Austen’s novels were published, adaptations are still going strong. This summer saw the release of Fire Island, a gay adaptation of Pride and Prejudice, and the Netflix original, Persuasion. Brooke Masters, our US investment and industries editor and a lifelong Jane Austen fan, and University of Maine literature professor Caroline Bicks, join Lilah to talk about the novelist’s enduring appeal. Then, the Boston Marathon has a new non-binary gender category. This is one of three approaches to trans inclusion that elite sports have taken so far. Lilah invites US sports business correspondent Sara Germano on to discuss.
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Want to stay in touch? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– To subscribe to FT Weekend on its own feed in Apple podcasts click here: https://podcasts.apple.com/gb/podcast/ft-weekend/id1179847741
– Brooke is on Twitter @brookeamasters. Sara is on Twitter @germanotes
– The FT’s review of Fire Island: https://on.ft.com/3gtH11R and Netflix’s Persuasion: https://on.ft.com/3MTbB0X
– A recent FT Magazine piece by Sara: ‘What next for Brittney Griner – and for women’s sport?’ https://on.ft.com/3eUMbDG
– To stay up to date on the business of sports, you may like the FT newsletter Scoreboard: https://www.ft.com/scoreboard
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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial can be found here: http://ft.com/weekendpodcast
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Clips courtesy of Paramount, SearchLight Pictures, Sony Pictures, Miramax and Universal.
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Truss is gone. Who will lead the UK?
Liz Truss resigned as UK prime minister on Thursday. We’ll look at the political fallout, impact on economic policy, and what it means for ordinary Brits.
Mentioned in this podcast:
Succession battle begins after Liz Truss quits as UK prime minister
Hunt still has a fiscal hole to fill, but Britain’s fabric is fraying
Subscribe to the FT Weekend podcast
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US midterms countdown: Republicans bank on inflation
UK lawmakers plan to introduce legislation making rail strikes harder, private sector attendance at China’s Communist party congress has fallen by almost 50 per cent since Xi Jinping assumed power, and Republicans are banking on the inflation issue to win them control of the US Congress during this year’s midterm elections.
Mentioned in this podcast:
Corporate China shut out of Xi Jinping’s party congress
UK government to curb unions’ ability to strike on transport network
‘The headwinds are pretty strong’: Democrats’ midterms hopes falter
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Private equity giant CVC bets on going public
Netflix stemmed its subscriber losses in the third quarter and Russia is using Iranian drones in its war against Ukraine. Plus, Europe’s top private equity firm, CVC Capital Partners, is preparing to go public and the move has implications for the whole sector.
Mentioned in this podcast:
Netflix shares jump as it gains 2.4mn new subscribers
CVC’s biggest bet yet: the fiercely private buyout firm set to go public
Military briefing: Russia rolls out Iranian drones to ‘terrorise’ Ukraine
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Disney vs France
Strong US bank earnings reports pumped up Wall Street stocks and new UK chancellor Jeremy Hunt scrapped the bulk of his party’s controversial proposed tax cuts. Plus, Disney agreed to release ‘Black Panther: Wakanda Forever’ in French cinemas next month but warned that its biggest movies may go straight to streaming in 2023.
Mentioned in this podcast:
Wall Street stocks rally as traders turn to corporate earnings
Jeremy Hunt scraps tax cuts and slashes energy package in bid to calm markets
Disney warns France that future blockbusters may bypass cinemas
Subscribe to the FT Weekend podcast here
Tell the FT News Briefing: How are you handling the UK’s cost of living crisis?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Xi Jinping opens China’s Communist party congress
China’s leader Xi Jinping is set to begin his third-consecutive five-year term, and the UK’s Jeremy Hunt starts his first full week as the country’s latest chancellor of the Exchequer. Plus, the US Federal Reserve’s aggressive interest rate hikes are boosting US banks’ bottom lines.
Mentioned in this podcast:
US banks gain from Fed rate hikes while keeping deposit interest low
Xi Jinping heralds ‘critical time’ in history as he prepares for third term in power
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Artist Shirin Neshat on the women-led protests in Iran
This week we speak with Shirin Neshat, one of the most famous contemporary artists from Iran, about the protests in her home country. Shirin’s work focuses on the lives and struggles of Iranian women. The protests have been raging for a month, which, as Shirin says, makes them the longest-running demonstrations since the 1979 Islamic revolution. We talk about what they mean, why this time they’re different, and her art, some of which has been recently projected on buildings in London and Los Angeles. Then, we hear about a new trend in drug research. Scientists can now grow entire human mini-organs in labs. Could that lead to a world without animal testing? The FT’s Clive Cookson and Hannah Kuchler join us to discuss.
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Want to stay in touch? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– Shirin Neshat is on Instagram at @shirin__neshat
– Shirin’s video installation Turbulent, 1998: https://www.youtube.com/watch?v=VCAssCuOGls
– Some photos of Shirin’s Women of Allah series: https://www.matronsandmistresses.com/articles/2021/4/29/shirin-neshat
– Baraye, by Shervin Hajipour https://www.youtube.com/watch?v=TPyHuCZzsVA
– An interview with Shirin in the FT from September 2021: https://on.ft.com/3zVaVk8
– How science is getting closer to a world without animal testing, by Clive, Hannah and Joe Miller: https://on.ft.com/3SPlFuA
– Hannah is on Twitter @hannahkuchler, and Clive is on Twitter @clivecookson
– Subscribe to the FT Weekend podcast.
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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial can be found here: http://ft.com/weekendpodcast
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Truss’s possible U-turn on tax cuts
Investors shrugged off another high US inflation report and Liz Truss could be about to rip up her ‘mini’ Budget. New US export controls force global semiconductor equipment makers to suspend sales and services to Chinese chip companies.
Mentioned in this podcast:
US consumer prices rise sharply despite Federal Reserve rate increases
US stocks shrug off early declines following hot inflation report
Liz Truss in crisis talks on new tax cut U-turn
World’s top chip equipment suppliers halt business with China
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US midterms countdown: abortion on the ballot
Emerging economies have seized price discounts to buy cheaper Russian oil, and the FT News Briefing election series will take listeners around the US to hear what’s on voters’ and candidates’ minds as they head into elections this November that will determine which party controls Congress.
Mentioned in this podcast:
How abortion rights are upending the US midterm elections
Crisis hit Sri Lanka snaps up cheap Russian oil
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The UK’s gilt trip continues
Volodymyr Zelenskyy called on G7 countries to speed up supplies of air defence systems after another day of Russian missile attacks, and the biggest US banks will signal worries about the economy in third-quarter earnings reports and analysts expect them to set aside more than $4bn to cover potential losses from bad loans.
Mentioned in this podcast:
US banks to set aside $4bn for potential losses from bad loans
Bank of England warns of ‘fire sale’ risk as it widens government bond purchases
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US property industry braces for downturn
Britain’s largest global law firms are struggling to attract and retain staff in the US after the sterling’s drop in value, and the European Commission’s vice-president warned the Federal Reserve’s interest rate rises could lead to a global recession. Plus, the FT’s Taylor Nicole Rogers reports that higher mortgage rates are weighing on the US property industry.
Mentioned in this podcast:
Sterling slump threatens US expansion plans of 'magic circle' law firms
Fed-led dash for higher rates risks ‘world recession’, warns EU’s top diplomat
US property sector braces for job cuts as rate rises crush home sales
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Iranian song fuels anti-regime protests
The US and Germany are leading calls to overhaul the World Bank to better address climate change, ships carrying Ukrainian grain are stuck in a Black Sea backlog, and protesters in Iran are moved by a viral song that was inspired by their social media posts. Plus, the FT’s Rana Foroohar tells us about American farmers’ efforts to survive in a post-globalisation world.
Mentioned in this podcast:
Reinventing farming and food post-globalisation
Backlog of ships strains Ukraine-Russia Black Sea export deal
US and Germany lead calls for climate action at World Bank meetings
Iranian celebrities fan the flames of anti-regime protests
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: HBO’s 'Industry', and Esther Perel
This weekend, we discuss Industry on HBO with chief features writer Henry Mance. The show is part of a trend: like Succession and Euphoria, it depicts a pretty harsh version of the world we live in. So why do we keep getting sucked in? Then you'll hear a conversation between star psychologist Esther Perel and FT contributing editor Lucy Kellaway from the FT Weekend Festival. They discuss how remote work might change us, whether TikTok is teaching kids to be anxious, and more. Listen wherever you get your podcasts, or at ft.com/ftweekendpodcast.
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Here’s the link to leave us a message for our listener callout: https://sayhi.chat/6gci2
What’s a topic people would find boring, but you think we could make interesting on the podcast? Challenge us!
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Want to stay in touch? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– The entire Esther Perel and Lucy Kellaway conversation is here: https://youtu.be/BjdvwbJyyxo
– Henry on Industry Season 1: Has TV finally captured the reality of the City in BBC series Industry? https://on.ft.com/3yn8MPu
– Henry writing about being on Industry: https://on.ft.com/3ypgl8n
– Lucy Kellaway writes about her conversation with Esther: https://on.ft.com/3ynuGlM
– Esther’s podcasts are called Where Should We Begin? And How’s Work?
– Henry is on Twitter @henrymance. Lucy is on Twitter @lucykellaway. Esther is on Instagram and Twitter @estherperelofficial and @estherperel
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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial, can be found here: http://ft.com/weekendpodcast
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China keeps peeling off Taiwan’s allies
The pace of US job growth is expected to have cooled in September, Ukrainian forces are continuing their counteroffensive in the southern part of their country, and China keeps trying to pick off Taiwan’s allies.
Mentioned in this podcast:
US jobs growth expected to have cooled in August
Russian troops retreat from front lines in southern Ukraine
Russia’s invasion of Ukraine in maps — latest updates
Paraguay calls for Taiwan to invest $1bn to remain allies
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US lashes out at Opec+’s oil cuts
Opec+ is cutting oil output to prop up prices, the FT and Nikkei ranked the most popular US cities among foreign businesses, and this week’s Rachman Review podcast focuses on the massive protests in Iran.
Mentioned in this podcast:
Opec+ agrees to cut output by 2mn barrels a day
Miami tops FT-Nikkei ranking of best US cities for foreign businesses
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Elon Musk offers to follow through on Twitter deal
Elon Musk is offering to follow through on his deal to buy Twitter, Russians are fleeing the country after Putin announced a conscription army, and the FT’s Ed White explains why China is having trouble transitioning to a new growth model.
Mentioned in this podcast:
Elon Musk proposes buying Twitter for originally agreed $44bn
Desperate Russians fleeing Putin’s war draft stream into Kazakhstan
China after the property boom: can it rebuild the growth model?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The UK tax cut and pound U-turn
The UK government reversed course on a tax cut, Brazil’s president Jair Bolsonaro defied expectations in the first round of election voting, and Credit Suisse is trying to reassure investors that rumours about its financial health are overblown. Plus, the FT’s James Kynge tells us how China’s property market crash is hurting local governments.
Mentioned in this podcast:
Pound and gilts gain after Truss changes course on 45p tax rate cut
Jair Bolsonaro’s ‘beef, bible and bullets’ coalition is here to stay
Brazil braced for tense presidential runoff between Lula and Bolsonaro
Credit Suisse CDS hit record high as shares tumble
How big is the capital hole at Credit Suisse?
China’s property crash: ‘a slow-motion financial crisis’
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The race to reinvent the space station
Opec+ is planning to cut oil production, and Tories are in Birmingham for their annual party conference while demonstrations against the cost of living crisis spread across the UK. Plus the FT’s Peggy Hollinger tells us what the US space agency Nasa is planning to do once the International Space Station is decommissioned.
Mentioned in this podcast:
Kwarteng prepares to defend tax cuts as Tory rebellion mounts
Liz Truss admit mistakes but sticks to controversial tax cuts plan
The race to reinvent the space station
Lula frontrunner as Brazil votes in bitter presidential election
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Jamaica Kincaid and Enuma Okoro on writing
Writer Jamaica Kincaid is one of the best known writers on race and colonialism in the US. Her writing is biting and fearless, and she’s been a keen observer of her native Antigua and the US since publishing her first essay in 1973. This week she joins Lilah together with the FT’s Enuma Okoro in a recording made at the recent FT Weekend Festival in London. Then we share some conversations we had in person with listeners during the festival.
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Here’s the link to leave us a message for our listener callout: https://sayhi.chat/6gci2
We’re challenging you to challenge us with a topic that most people would think is boring, and that you want us to make interesting on the podcast!
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Want to stay in touch? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– Full recording of the conversation with Jamaica and Enuma: https://www.youtube.com/watch?v=LOB10hGIhwM&t=2s
-Jamaica’s classic book A Small Place about Antigua: https://tinyurl.com/mshm32ha
-A great recent essay by Jamaica Kincaid on gardening: https://www.newyorker.com/magazine/2020/09/07/the-disturbances-of-the-garden
-Enuma’s essay on pleasure: https://tinyurl.com/59eda3vm
-And another on how our spaces shape us: https://tinyurl.com/ycxt2uv4
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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial can be found here: http://ft.com/weekendpodcast
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The next phase of Putin’s invasion
Russia plans to annex four regions of Ukraine today, turmoil in UK markets is spilling over on to global bond markets, and Germany announced a €200bn aid package to lower energy prices.
Mentioned in this podcast:
Russia to annex four Ukrainian regions
Global stocks and bond prices fall after gains in previous session
Germany deploys ‘economic clout’ with €200bn energy aid package
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Brazil's high-stakes election
The UK's tax cutting plan is a political liability, the EU announced another round of Russian sanctions, and Brazil is days away from a monumental presidential election.
Mentioned in this podcast:
Tory MPs question Kwasi Kwarteng’s future as market turmoil continues
Brazil’s election and the search for an economic revival
Jair Bolsonaro’s supporters reject bad news from Brazil election polls
‘It cannot be the madness that it is today’: what’s next for Petrobras?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The global backlash to UK tax cuts
The IMF is criticising the UK’s tax cut plan, the US is pressing EU countries to speed up and increase the financial support for Ukraine, and the head of crypto lender Celsius Network resigned on Tuesday. Plus, officials in Europe say suspicious leaks on two Russian gas pipelines in the Baltic Sea are likely the result of sabotage.
Mentioned in this podcast:
IMF urges UK to ‘revaluate’ tax cuts in biting attack on fiscal plan
US presses EU to speed up financial aid to Ukraine
Denmark, Germany and Poland warn of sabotage after Nord Stream leaks
Mashinsky resigns as head of Celsius Network
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Italy’s new far-right government
China’s economic output will lag behind the rest of Asia for the first time since 1990, according to new World Bank forecasts, the Bank of England failed to reassure markets as the pound continued tumbling and the US is trying to boost access to uncensored internet in Iran. Plus, the FT’s Amy Kazmin explains why Italy chose a far-right government to lead the country in Sunday’s snap election
Mentioned in this podcast:
China growth falls behind rest of Asia for first time since 1990
Giorgia Meloni’s rightwing bloc storms to Italian election victory
Elon Musk offers Iranians uncensored internet access
Bank of England and Treasury seek to steady sterling after heavy falls
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
UK tax plan hurts investor confidence
UK chancellor Kwasi Kwarteng has vowed to double down on his controversial tax-cutting drive despite investor jitters, at least 41 people have died in protests in Iran sparked by the death of a young woman who was arrested for allegedly violating Islamic dress code. Plus, the FT’s Polina Ivanova explains how Russia’s military conscription is affecting remote regions of the country.
Mentioned in this podcast:
Radical UK budget prompts backlash on Tory backbenches
Investors warn Kwarteng that fiscal plan threatens markets’ confidence in UK
Death toll from Iranian protests climbs to 41
‘Everyone will get snatched off the street’: mobilisation brings Ukraine war home to Russians
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: How NFTs shook up the art world
NFTs were a big sensation, but the market for them has crashed. This week, we invited a crypto-sceptic, FT columnist Jemima Kelly, to answer all the questions you were afraid to ask. What are NFTs exactly? What happened with them? And have they changed the way we think about art? Jemima hosts the latest season of our FT podcast Tech Tonic, which is all about the cult of crypto.
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Want to stay in touch? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– Tech Tonic is available wherever you listen to your podcasts, or at www.ft.com/tech-tonic. The episode on NFT mania is here
– Jemima’s most recent column, ‘Don’t believe the maximalists: bitcoin can’t be separated from crypto’: https://on.ft.com/3SaAAia
– Jemima is on Twitter @jemimajoana
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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial can be found here: http://ft.com/weekendpodcast
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Catch a falling yen
Several EU member states are pushing for hard-hitting measures against Russia and a UN policy memorandum argues Pakistan should suspend international debt repayments. Plus, the FT’s Katie Martin explains why the Bank of Japan would keep interest rates in negative territory and prop up the yen.
Mentioned in this podcast:
Poland and Baltic states push for harsher EU sanctions against Russia
Flood-hit Pakistan should suspend debt repayments, says UN policy paper
Japan intervenes to prop up yen for first time since 1998
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Fed signals more economic pain to come
The Federal Reserve raised its benchmark interest rate by 0.75 percentage points for the third time in a row on Wednesday, and Credit Suisse has drawn up plans to split its investment bank in three. Plus, the FT’s Hannah Murphy explains how companies, and the negotiators they hire, deal with a ransomware attack.
Mentioned in this podcast:
Jay Powell refuses to rule out US recession after third 0.75% rate rise
The ransomware game: test your skills in the world of hackers and negotiators
Credit Suisse considers splitting investment bank in three
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Travis Kalanick’s excellent (and secret) venture
The Federal Reserve is expected to raise interest rates by 0.75 per cent today, Goldman Sachs is expanding its transaction banking business in Europe, and former Uber chief executive Travis Kalanick has tried to keep his new “dark kitchens” venture as secretive as possible.
Mentioned in this podcast:
Federal Reserve set to raise benchmark interest rate
Goldman Sachs hunts new revenues in EU transaction banking push
Travis Kalanick expands ‘dark kitchens’ venture across Latin America
Microsoft invests in Travis Kalanick’s CloudKitchens start-up
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Swamp Notes: US Democrats on the offensive
Two Turkish banks have halted the use of Russia's payment system, two global energy agencies estimate it would cost $1tn to avoid the catastrophic effects of climate change, and pension funds in Europe and Australia pressured asset manager Federated Hermes to stop sponsoring a group of US officials who oppose action on climate change. Plus, Swamp Notes columnists Ed Luce and Rana Foroohar discuss what’s behind the US Democratic party’s rebound heading towards midterm elections.
Mentioned in this podcast:
Turkish banks suspend Russian Mir cards amid US sanctions pressure
Investment of $1tn a year needed for 2030 climate goals, report finds
Under-fire US fund manager pulls controversial sponsorship of climate sceptics
Joe Biden comes out swinging as Democrats sense midterms momentum shift
Biden’s Lazarus-like opportunity
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The collapse of Celsius Network
Markets are increasingly betting on policymakers raising borrowing costs higher and faster, an FT-IGM survey shows economists expect the US central bank will lift its benchmark policy rate above 4 per cent and hold it there beyond 2023, and the market downturn has sparked the longest tech IPO drought in more than 20 years. Plus, the FT’s Kadhim Shubber talks about his investigation into the fall of high flying cryptocurrency lender Celsius Network.
Mentioned in this podcast:
Central banks set to hit peak rates higher at faster pace
Fed to keep interest rates above 4% beyond 2023, economists predict
Market downturn brings longest tech IPO drought in decades
Inside Celsius: How one of crypto’s biggest lenders ground to a halt
Alex Mashinsky took control of Celsius trading strategy months before bankruptcy
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: How do young Brits feel about the monarchy?
This week we discuss how young people view the late Queen Elizabeth with journalist Imogen West-Knights and our own producer Lulu Smyth. For many Millennials and Gen Zers, the first royal succession in 70 years is also the first time they’ve considered their stance on the monarchy more broadly. And it’s eliciting some mixed feelings. Then, we explore how we’re spending money on culture now. The FT’s US business editor Andrew Edgecliffe-Johnson explains all the ways our post-pandemic restlessness is colliding with growing inflation. It turns out we’re now more discerning in how we stay in and how we go out.
Want to stay in touch? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
Imogen’s dispatch from Buckingham palace: https://on.ft.com/3eVMr50
The FT Weekend essay this week, ‘King Charles and the future of the monarchy’: https://on.ft.com/3qPsVcM
Edge and Lilah’s conversation on Instagram live: https://www.instagram.com/reel/Ch20tSdJQ8v
Imogen is on Twitter @ImogenWK. Edge is on Twitter @Edgecliffe.
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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial can be found here: http://ft.com/weekendpodcast
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Inflation, the Hamptons and an $800 grocery cart
China’s local government financing vehicles are bailing out cities and provinces that are struggling for cash, and UK prime minister Liz Truss is making a last-ditch effort to convince SoftBank to list its British chip maker, Arm, in the UK. Plus, the FT’s global business columnist Rana Foroohar argues that America’s wealthiest are making bad inflation worse.
Mentioned in this podcast
China’s local government financing vehicles go on land buying spree
Liz Truss prepares fresh bid to persuade SoftBank to list Arm in London
Everyone pays the cost as the rich keep spending
Vladimir Putin acknowledges Chinese “concerns” over Ukraine
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A worsening migration crisis in the Americas
The US and EU are concerned that Russia can use Turkish banks to evade financial sanctions, Porsche tries to catch up to Ferrari with an initial public offering of its own, plus, the FT’s Latin America editor Michael Stott talks about record migration throughout the Americas.
Mentioned in this podcast:
US and EU step up pressure on Turkey over Russia sanctions
Porsche IPO: the race to catch Ferrari
Repression and poverty trigger record migration crisis in the Americas
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Wall Street shudders after seeing US inflation data
A worse than expected US inflation report triggered a Wall Street sell-off, Twitter whistleblower Peiter Zatko testified in front of a US Senate committee about alleged security lapses at the social media site, and the US is struggling to put together an alliance to address computer chip supply chain issues.
Mentioned in this podcast:
Rising inflation sparks fears of hard landing for US economy
US stocks slide after ‘hotter’ than expected inflation reading
Whistleblower accuses Twitter of putting ‘profits over security’
US struggles to mobilise its East Asian ‘Chip 4’ alliance
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Is a post-dollar world coming?
US inflation is expected to have eased due to falling energy prices and Ukraine has regained momentum fighting back the Russian invasion. Plus, Ruchir Sharma tells us why he thinks the dollar may not be the world’s dominant currency for much longer.
Mentioned in this podcast:
Pace of US consumer price growth expected to have eased in August
Ukraine’s defence minister warns of Russian counter-attack
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
King Charles and the royal finances
King Charles heads to Scotland today, UK financial markets are bracing for Liz Truss’s energy package, and Russia’s Gazprom is making record profits even though it’s shipping a fraction of the gas to Europe that it did last year.
Mentioned in this podcast:
King Charles seeks to fortify the UK with tour of nations
Queen Elizabeth II: inside the royal finances
UK energy package will weigh on gilts and pound, analysts warn
High gas prices help Gazprom compensate for supply cuts
Ukraine’s Reznikov warns on Russian counter-attack
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: The legacy of Queen Elizabeth II
Queen Elizabeth II has died after a 70-year reign. This weekend, we reflect on her legacy, life and cultural impact with FT Weekend editor Alec Russell. Then, producer Lulu Smyth takes us to meet the people gathered outside Buckingham Palace.
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Links:
Simon Schama, ‘Elizabeth II: an appreciation’: https://on.ft.com/3qsNI64
Jo Ellison, ‘The Queen’s constancy never went out of style’: https://on.ft.com/3qpwOVF
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Special offers for FT Weekend listeners can be found here: http://ft.com/weekendpodcast
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Want to stay in touch? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Britain in mourning
Queen Elizabeth II, Britain’s longest-serving monarch, has died aged 96, Buckingham Palace has announced. The FT’s Miranda Green examines this moment, and what King Charles III’s assumption to the throne will mean for the royal family.
Mentioned in this podcast:
Queen Elizabeth II dies aged 96
The Queen's jubilee: How Britain has changed since 1952
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The ECB goes from dove to hawk
Chinese companies have raised six times as much money through share sales in Europe than the US this year, and European farmers expect a sky-high food prices and droughts this winter. Plus, the FT’s Frankfurt bureau chief, Martin Arnold, explains why the European Central Bank is finally getting hawkish.
Mentioned in this podcast:
Europe tops US on Chinese listings for first time
ECB makes hawkish shift as inflation surge shreds faith in models
Farmers and producers warn of winter food shortages in Europe
Instagram Live: Trumpism's influence in US politics
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
EU wants tax to fight ‘astronomic’ electricity bills
The EU is considering a windfall tax for energy companies, Zambia’s IMF bailout is a test for countries that have defaulted on Chinese debt, and US regulators are cracking down on bankers’ use of messaging apps.
Mentioned in this podcast:
EU plans windfall tax to counter ‘astronomic’ energy bills
Zambia’s $1.3bn IMF bailout to test how China handles defaults
Wall Street’s $1bn messaging ‘nightmare’
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Russia’s double energy whammy
Liz Truss will be the next UK prime minister after winning the Tory leadership race, Opec+ agreed on Monday to cut crude supply in a bid to prop up oil prices, Russia switched off Europe’s main gas pipeline until sanctions are lifted, and Singapore has become a haven for Chinese elite who are fleeing strict coronavirus lockdowns and potential blowback from geopolitical tensions.
Mentioned in this podcast:
Brussels pushes for EU-wide caps on gas price
Liz Truss to be UK prime minister after winning Tory leadership race
Opec+ agrees to cut crude supply in push to lift oil prices
Russia switches off Europe’s main gas pipeline until sanctions are lifted
Crazy Rich relocations: Singapore becomes a haven for Chinese elite
Twitter Space: Liz Truss will be UK prime minister. What should we expect?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Britain set for new prime minister
The oil producing cartel is meeting today and will consider a cut in oil supply to prop up prices, and UK Conservative Party members will vote today on a new leader to replace Boris Johnson. Plus, the FT’s Jemima Kelly tells us about the the passion of crypto believers she met for this season of the FT’s Tech Tonic podcast.
Mentioned in this podcast:
Liz Truss promises economic action from Day 1 of premiership
Oil supply cuts on table as Opec+ meets amid crude sell-off
Tech Tonic: A sceptic’s guide to crypto
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Have we hit peak TV? Plus, our debt to bees
This week, guest host Topher Forhecz is joined by Los Angeles bureau chief Chris Grimes to hear about the future of TV's streaming wars. Since the pandemic, streaming services have poured huge amounts of money into new content, but it's unclear how long this boom will last. Then, we talk to Nature Therapy columnist Jonathan Guthrie about bees. He's estimated that we owe bees nearly $160bn for their pollination services. What's at stake if we can't repay that debt?
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Want to stay in touch? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– Chris Grimes’ piece on the peak of TV streaming: https://www.ft.com/content/0e95cf55-dda1-4f63-bb6b-bf475f974f30
– Jonathan Guthrie’s Nature Therapy column, ‘Our £135 bn debt to the humble bee’: https://www.ft.com/content/286dff35-9634-4fd7-9497-3d2de3a555a4
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Special offers for FT Weekend listeners can be found here: http://ft.com/weekendpodcast
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco
Clip from Prime Video.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Cruise control: port cities push back against ships
The US releases the latest jobs numbers today and analysts expect the pace of positions added to have slowed in August, eurozone unemployment fell to an all-time low of 6.6% of the workforce, the cruise industry is recovering from the pandemic but the industry now faces resistance from politicians and climate activists, and US officials have told semiconductor maker Nvidia it will need special licences to sell high-end processors to Chinese customers.
Mentioned in this podcast:
US Jobs growth expected to have slowed in August
Eurozone jobless rate hits record low of 6.6% in July
Growing evidence that Covid-19 is leaving people sicker
US blocks Nvidia AI chip exports to China
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Russia shuts down Nord Stream 1 pipeline
Russia has halted the flow of gas through the Nord Stream 1 pipeline to Europe for three days, and the EU has agreed to suspend a visa deal with Moscow. Plus the FT’s John Paul Rathbone explains why Ukraine’s counter-offensive in the south of the country could be a gamechanger in the war.
Mentioned in this podcast:
Russia shuts down Nord Stream gas pipeline to Europe
EU rips up Russia visa deal in victory for eastern member states
Military briefing: Ukraine makes its move with Kherson counter-offensive
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Will student debt add up to more inflation?
The world’s second-largest cinema chain incorrectly reported the identity of its largest shareholder, and ExxonMobil is contesting Vladimir Putin’s decree blocking the oil company from exiting Russia. Plus, economists are debating the impact that US president Joe Biden’s student loan forgiveness programme will have on inflation.
Mentioned in this podcast:
Cineworld incorrectly reported its largest shareholder
ExxonMobil contests Kremlin decree blocking its pullout from Russia
Joe Biden’s student debt cancellation triggers ‘inflationary fire’ fears
FT Weekend Festival: ft.com/ftwf
Discount code: FTWFxPodcast22
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Morgan Stanley beefs up block trade supervision
Morgan Stanley has tapped a lawyer to keep an eye on its block trading, and airlines are bracing for a chilly winter. Plus, Liz Truss, the frontrunner to be UK prime minister, has been talking tough with US officials but is likely to keep UK-US ties on track.
Mentioned in this podcast:
Morgan Stanley orders internal lawyer to supervise block trading desk
Airlines braced for grim winter as slowdown threatens recovery
Inside Liz Truss’s not so special relationship with the US
New York Yankees and LA fund join investors in AC Milan
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US watchdogs take on private equity
Financial markets are bracing for a longer period of high interest rates, EU foreign ministers are set to suspend the bloc’s visa facilitation agreement with Moscow, and Alibaba is trying to manoeuvre a rebound. Plus, the FT’s Stefania Palma explains why the US antitrust officials are targeting the $10 tn private equity industry.
Mentioned in this podcast:
Jay Powell says Fed will ‘keep at it’ in hawkish inflation speech
Investors expect higher rates to persist after hawkish Jay Powell ends hope of Fed pivot
ECB officials warn of ‘sacrifice’ needed to tame surging inflation
US trustbusters: why Joe Biden is taking on private equity
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A sceptic’s guide to crypto: the ‘smart’ money
In the second episode of the latest season of Tech Tonic, FT columnist and host Jemima Kelly tries to understand why an influential Silicon Valley investment firm thinks that Web 3 is a good bet. Will blockchain technology really be the foundation of a new internet era? Is Web 3’s promise to decentralise the internet going to pose a challenge to companies such as Facebook and Twitter? The FT’s innovation editor John Thornhill interviews Chris Dixon, head of Andreessen Horowitz’s crypto fund, and Jemima talks to Molly White, author of the Web3 Is Going Just Great blog.
Presented by Jemima Kelly. Special thanks to John Thornhill. Edwin Lane is senior producer. Produced by Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.
News clips credits: CBC, NBC, CNN.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: The art of sound design. Plus: summer hits of 2022
FT Weekend has its own podcast feed! For more content, subscribe to 'FT Weekend' wherever you listen.
This weekend, we meet a British pioneer of sound design. Errol Michael Henry invites us to the Air-Edel studios in London to show us how a song gets made. Errol is one of the few black sound designers in the UK. He’s been producing music through his independent label, Intimate Records, since the 1980s. He breaks down how he creates his distinct sound, layer by layer. Then, we explore what makes the perfect summer track with music critic Arwa Haider. She and Lilah take a tour through the top hits of the season, from Beyoncé to Bad Bunny to Pussy Riot.
Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
Links and mentions from the episode:
–Yasmin Jones-Henry’s piece in HTSI: ‘My father, the pioneer of sound design’ https://on.ft.com/3JpA2zD
–Errol’s music is under the name The Sound Principle
–“You Threw Our Love Away”, by The Jones Girls, sound designed by Errol: https://www.youtube.com/watch?v=D-vpFCn6Ros
–“You Left Me Lonely”, by Lulu (1993), sound designed by Errol: https://www.youtube.com/watch?v=UILaejQFcJA
–You also heard Intimate Records tracks “Please Come Back” by Dean Edwards and “Keep It Comin” by Julianne, both written and produced by Errol
–Here’s the song Errol says is closest he’s gotten to designing something that matched what he’d imagined: https://www.youtube.com/watch?v=zFPgZv-5zbQ
–Errol’s organisation is called Music Justice
–Arwa Haider is on Twitter @ArwaHaider. Errol is on Twitter @ErrolMHenry, and on Instagram @thesoundprinciple. Yasmin is on Instagram @yasminrjh
–Arwa’s review of Lady Gaga live: https://on.ft.com/3ANGkrV
–Arwa’s music recommendations: "Renaissance" by Beyoncé, "Verano Sin Ti" by Bad Bunny, Nigerian singer-songwriter Tems, "Hold the Girl" by Rina Sawayama, "Matriarchy Now" by Pussy Riot, and opera singer Julia Bullock
Music clips copyright: Streamline, Interscope, Parkwood, Columbia Records, Rimas and Neon Gold. Julia Bullock clip from NPR’s Tiny Desk Concert (2020)
Special offers for FT Weekend listeners can be found here. Join us at the FT Weekend festival in London on September 3rd: ft.com/ftwf. A £20 off promo code: FTWFxPodcast22
Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Afghanistan’s economy after one year under the Taliban
Finland will host talks with Sweden and Turkey for talks on the Nordic countries’ Nato membership bids, and we’ll take a look at the ins and outs of Revlon’s bankruptcy. Plus, the FT’s Benjamin Parkin recently visited Afghanistan and reports back what it has been like there a year since the Taliban regained control.
Mentioned in this podcast:
Finland and Sweden hold talks with Turkey to push Nato bid
Revlon bankruptcy becomes a fight over memes
FT Series: a year under the Taliban
Behind the Money: Afghanistan one year later
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Can Jay Powell stick the landing?
Hedge funds have lined up the biggest bet against Italian bonds since the global financial crisis, Japan is looking to rebuild its nuclear energy capacity, and Blackstone has joined the bidding to buy Pink Floyd’s music. Plus, the FT’s Colby Smith looks at how the Federal Reserve handled inflation in the past and whether chair Jerome Powell can engineer a soft landing this time around.
Mentioned in this podcast:
Japan set for new nuclear plans in post-Fukushima shift
Powell to face tough crowd in Jackson Hole
Can the Fed take inflation without causing a recession?
Another brick in the Wall Street as Blackstone eyes Pink Floyd catalogue
Let us know how Joe Biden’s student loan forgiveness programme might affect you: https://telbee.io/channel/akqt6c_h_vlzm47bnoijfw/
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Six months of war in Ukraine
Today marks six months since Russia launched its full-scale invasion of Ukraine, a Twitter whistleblower says the company hid security flaws and fake accounts, and the waters off the coast of Somalia are no longer high risk for shipping
Mentioned in this podcast:
They dig, and dig and dig: Russia entrenched in Ukraine six months into war
Twitter covered up security flaws and fake accounts, says whistleblower
Shipping industry says piracy off coast of Somalia is no longer a threat
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The student who rode Bed Bath & Beyond to the moon
Ben & Jerry’s lost a legal dispute with its parent company over sales in Israel and investors are sceptical about this summer’s equities rally. Plus, the FT’s Madison Darbyshire talks about how a 20-year-old American college student made $110mn betting on a meme stock.
Mentioned in this podcast:
How a 20-year-old student made $110mn riding the meme stock wave
Investors fret over durability of summer rally in US markets
Ben & Jerry’s loses attempt to block ice cream sales in West Bank
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Droughts grip large parts of the globe
Apple employees are pushing back against the iPhone maker’s call for workers to return to the office next month, and major droughts across the globe are having a significant impact on everything from agriculture to tech. Plus, the FT’s Sam Agini explains what a potential deal for Manchester United would mean for the football club.
Mentioned in this podcast:
Group of Apple employees pushes back against return-to-office order
Climate graphic of the week: Record lows for rivers across China, US and Europe sap economies
Jim Ratcliffe declares interest in buying Manchester United
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A sceptic’s guide to crypto: boom and bust
A new season of Tech Tonic asks whether crypto and its supporting technology - the blockchain - have a future following a market crash. In the first episode of this five-part series, FT columnist and host Jemima Kelly casts a sceptical eye on what led to the boom in digital assets and their subsequent collapse. She assesses the damage with the FT’s digital assets correspondent Scott Chipolina, and hears from big-time bitcoin investor Michael Saylor, Dogecoin co-creator Jackson Palmer, and crypto YouTuber, Wajahat Mughal.
Check out stories and up-to-the-minute news from the FT’s technology team at ft.com/technology The FT’s Cryptofinance Hub is at https://www.ft.com/cryptofinance Scott Chipolina’s reporting can be found at https://www.ft.com/scott-chipolina
For a special discounted FT subscription go to https://www.ft.com/techtonicsale
Presented by Jemima Kelly. Special thanks to Scott Chipolina. Edwin Lane is senior producer. Produced by Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.
News clips credits: CNBC, Saturday Night Live
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Ukraine’s digital war. Plus: how computers changed chess
FT Weekend has its own podcast feed! For more content, including our special Food & Drink mini-series, search 'FT Weekend' where you listen to podcasts and subscribe there.
This weekend, we go to Ukraine. FT columnist Gillian Tett introduces us to the tech entrepreneurs and engineers who have built strong links with Silicon Valley and western tech companies over the past few decades. These connections are helping them fight what she calls an ‘open source war’ against Russia. Then, data journalist Oliver Roeder invites us into the elite world of professional chess. Now that computers are magnitudes better than humans, the game has dramatically changed.
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Want to stay in touch? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– Gillian’s piece, ‘Inside Ukraine’s open-source war’: https://on.ft.com/3QE08n5
– Oliver Roeder’s article, ‘Enter the inner sanctum of elite chess:’ https://on.ft.com/3Cd47CG
– Oliver’s book is called Seven Games: A Human History
– Gillian is on Twitter @gilliantett. Oliver is on Twitter @ollie.
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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial can be found here: http://ft.com/weekendpodcast
Want to join us at the FT Weekend festival in London on September 3rd? Buy a ticket at ft.com/ftwf. And here’s a special £20 off promo code, specifically for FT Weekend listeners: FTWFxPodcast22
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Business Book of the Year longlist
Middle East states are expected to bring in $1.3tn in additional oil revenues, big US retailers posted quarterly earnings this week and results were mixed, scientists have discovered a way to destroy harmful “forever chemicals”. Plus, we’ll look at the longlist for this year’s FT Business Book of the Year award.
Mentioned in this podcast:
Middle East states set for $1.3tn oil windfall, IMF says
Walmart and Home Depot ease fears of recession even as inflation persists
Target’s profit tumbles on price cuts and efforts to clear inventory
Business Book of the Year 2022 — the longlist
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Missteps at Missfresh
Federal Reserve officials discussed the need to keep interest rates at levels that restrict the economy “for some time” in a bid to contain inflation, Short-term UK borrowing costs surged to the highest level since 2008, and Tencent posts its first quarterly revenue fall. Plus, the collapse of Chinese food delivery app, Miss Fresh, could be a cautionary tale for other tech giants in China.
Mentioned in this podcast:
Fed officials signal restrictive rates may be needed ‘for some time’
UK bonds sell off as hot inflation lifts expectations for BoE rate rises
Tencent hurt by slowing Chinese economy and stalled game approvals
What the collapse of Missfresh means for China’s tech sector
Japan’s latest alcohol advice: please drink more
The FT News Briefing is produced by Sonja Hutson, Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
WeWork 2.0?
Amazon has accused the FTC of harassing top executives as part of an antitrust investigation, hedge fund Elliott Management has dumped almost all of its shares in SoftBank, and Harvard will offer tuition-free MBA programs to low-income students. Plus, the man who blew up WeWork, Adam Neumann, has a new real estate venture that’s attracted a major investment from Silicon Valley royalty.
Mentioned in this podcast:
Amazon accuses FTC of harassing executives including Jeff Bezos and Andy Jassy
Hedge fund Elliott dumps SoftBank stake after souring on Masayoshi Son
Andreessen Horowitz backs WeWork co-founder’s property venture
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Private equity: from cutthroats to frenemies
Elections officials in Kenya announced a winner in last week’s presidential election but the result is being challenged, Iran denies involvement in the stabbing of controversial author Salman Rushdie, and China cut a crucial lending rate for the first time since January. Plus, we look at how the private equity industry evolved from a group of mercenary dealmakers to co-operative rivals.
Mentioned in this podcast:
William Ruto wins Kenya’s presidential election
Iran denies linked to Rushdie attack
China cuts lending rate as economic data disappoint and Covid cases rise
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Will oil prices keep falling?
Saudi Arabia has agreed to renew a three billion dollar deposit at Pakistan’s Central Bank, Saudi Aramco reported record profits, and an expected US tax on stock buybacks isn’t expected to have a big impact on earnings. Plus, Mexico’s president wants beer makers in the north to cut back due to the region’s drought.
Mentioned in this podcast:
Saudi Arabia renews $3bn deposit to Pakistan
Saudi Aramco hits fresh profit record as high energy prices deliver windfall
Mexico president calls time on brewing as drought intensifies
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Chef Mashama Bailey on reclaiming African-American food
For more FT Weekend content, including our special Food & Drink mini-series, search 'FT Weekend' where you listen to podcasts and subscribe there.
This week Lilah goes to Savannah, Georgia, to visit chef Mashama Bailey. Mashama recently won Outstanding Chef at the James Beard Awards. Since 2014, she has been chef and partner at The Grey, a restaurant located in a formerly segregated bus station. And she has been redefining American food by reclaiming its African-American roots. But because so much of this history hasn't been documented, how do you find and preserve it, and also expand on it? Mashama explains her creative process. We also speak with Stephen Satterfield, host of the Netflix docuseries High on the Hog. Stephen is the founder of Whetstone Media, which is dedicated to tracing food stories back to their roots of origin.
Want to say hi? We love hearing from you. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
Links and mentions from the episode:
Lilah’s written piece on Mashama in the FT Magazine: https://on.ft.com/3I8v4br
Mashama and her business partner John O Morisano’s memoir about The Grey is called Black, White, and the Grey
Stephen is the founder of Whetstone Magazine and Whetstone Media. You can learn more at https://www.whetstonemagazine.com/
Whetstone Radio Collective has a suite of podcasts: https://podcasts.apple.com/us/channel/whetstone-radio/id6442689915
Dr Jessica B Harris’s seminal book on African-American food history is called High on the Hog: a Culinary Journey from Africa to America
Lilah also recommends Bryant Terry's 2021 cookbook Black Food, and the work of Michael W Twitty. Michael is on Instagram at @thecookinggene and has an excellent Masterclass session on tracing your roots through food
Mashama is on Instagram at @mashamabailey. Stephen is at @isawstephen
Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial can be found here: http://ft.com/weekendpodcast
Come join us at the FT Weekend festival in London on September 3rd! Buy a ticket at ft.com/ftwf. Here’s a special £20 off promo code: FTWFxPodcast22
Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Ben & Jerry’s bitter battle with Unilever
US lawmakers are set to pass a $700bn spending bill, activity on European corporate bond markets has slowed to a near standstill and US initial public offerings have ground to a halt. Plus, Ben & Jerry’s is in a legal battle with parent company Unilever over sales in the disputed West Bank and East Jerusalem.
Mentioned in this podcast:
Corporate lawyers take it easy as US IPO market dries up
Unilever stops paying Ben & Jerry’s board members in Israel dispute
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US inflation finally takes a breather
US stocks rallied after the latest US inflation report showed price rises slowed in July, Disney beat analyst expectations and added 15mn subscribers to its Disney+ streaming service, and social media companies want livestreams to be the future of shopping.
Mentioned in this podcast:
Disney’s streaming business defies industry gloom
US inflation eased slightly in July on lower petrol prices
US stocks and bonds rally after lower than forecast inflation data
Social media’s big bet: the shopping revolution will be livestreamed
Unhedged: Markets, Finance and strong opinions
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Corporate America fumes at Biden’s economic package
Taiwanese national security officials want to force Apple supplier Foxconn to unwind an $800mn investment in a Chinese chip company, and corporate America is fuming over president Joe Biden’s economic package. Plus, we have a military update on the war in Ukraine, and how tennis legend Serena Williams plans to spend her retirement.
Mentioned in this podcast:
Taiwan security officials want Foxconn to drop stake in Chinese chipmaker
Corporate America fumes over Biden’s tax and climate package
Serena Williams to retire from tennis after US Open
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Why Ireland’s economy is red hot
China’s extended military drills around Taiwan are stoking fears of a drawn-out period of heightened tension and investors are split over whether the recent US tech rally will continue. Plus, the FT’s Jude Webber explains how taxes from the tech sector are helping Ireland’s economy against a recession.
Mentioned in this podcast:
US pledges further $1bn in military aid for Ukraine
China extends military drills around Taiwan
Tech sector tax windfall shores up Ireland’s economy against recession
Investors divided over how long Big Tech rally will last
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Apple under scrutiny for mishandling misconduct claims
Investors are selling stakes in private equity and venture capital funds at the fastest pace on record so far this year, and earnings at companies such as Uber and Lyft are surging. Plus, the FT’s Patrick McGee reports that more than a dozen employees, past and present, say Apple’s HR team mishandled claims of harassment and misconduct.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Author Elif Batuman. Plus, our obsession with feedback
This week, we talk to the author Elif Batuman about her new novel ‘Either / Or’. The book is set in the 1990s, and follows Elif’s fictionalised alter ego, Selin, as she navigates life as a Harvard student. Elif reflects on looking back at the ’90s from a contemporary perspective and talks about what we’ve learnt since. Then, we hear about feedback from deputy FT Magazine editor Esther Bintliff. We live in a culture obsessed with feedback. But what kind of feedback is actually effective?
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Want to stay in touch? We love hearing from you. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– Either/Or by Elif Batuman is available in all good bookstores.
– Esther’s piece on feedback, https://www.ft.com/content/a681ac3c-73b8-459b-843c-0d796f15020e
– Bradley Whitford describing the three-step reaction on WTF with Marc Maron http://www.wtfpod.com/podcast/episode-909-bradley-whitford
– If you want to hear Kim Scott talking about Radical Candour at Inbound Bold Talks, 2016: https://www.youtube.com/watch?v=yj9GLeNCgm4
– Elif Batuman is on Twitter @BananaKarenina. Esther is on Twitter @estherbintliff.
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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial can be found here: http://ft.com/weekendpodcast
Want to join us at the FT Weekend festival in London on September 3rd? Buy a ticket at ft.com/ftwf. And here’s a special £20 off promo code, specifically for FT Weekend listeners: FTWFxPodcast22
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco.
Silicon Valley clip in this episode is courtesy of HBO.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
New US unemployment claims hit six-month high
US new unemployment claims have reached a six-month high as the labour market cools, the Bank of England raised interest rates by 0.5 percentage points, and European banks are adjusting to higher interest rates.
Mentioned in this podcast:
US jobless claims hit six-month high as labour demand cools
Bank of England raises interest rates by 0.5 percentage points
Europe’s lenders prepare for life outside negative territory
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
SoftBank moves to sell down its stake in Alibaba
SoftBank has raised as much as $22bn in cash from deals that would sharply reduce its stake in Alibaba over the coming years, Iran and western powers resume talks this week over the floundering 2015 nuclear accords, and as political polarisation reaches into the workplace companies must manage conflicts among employees while striving for sensitivity and diversity.
Mentioned in this podcast:
Softbank raises $22b in moves to sell down Alibaba stake
Iran to resume nuclear talks with discussion over EU proposals
Politics in the workplace:how should we deal with opposing views?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
‘Generation Moonshot’ investors
China has blocked imports from hundreds of Taiwanese food producers in response to the visit of US House Speaker Nancy Pelosi to Taipei, a flurry of executive departures from SoftBank stokes uncertainty over who will take over from Masayoshi Son, and Behind The Money host Michela Tindera joins the Briefing to talk about the latest BTM episode that explores “Generation Moonshot” investors.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
China suspends 2,000 food products from Taiwan as Pelosi visits
SoftBank’s succession turmoil raises risks
Generation moonshot: why young investors are not ready to give up on risk
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China wrestles with an overseas debt crisis
Instagram head Adam Mosseri is moving to London, HSBC has pledged to restore its dividend to pre-pandemic levels, and China is facing its first overseas debt crisis.
Mentioned in this podcast:
Instagram head Adam Mosseri to temporarily relocate to London
HSBC pledges to restore dividend to pre-pandemic levels
China reckons with its first overseas debt crisis
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Beijing fears social unrest from property crisis
The Bank of England is set to consider its biggest rate rise in more than 25 years, the EU and UK are easing up on Russian oil restrictions to keep gas prices from spiking, and some investors are getting back in the crypto market after a crash earlier this year. Plus, China is trying to come up with a $148bn bailout fund to help complete stalled property developments amid concerns about social unrest.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Bank of England considers biggest rate rise for more than 25 years
West eases oil restrictions as inflation and energy fears grow
Crypto prices rise as traders dip back into digital asset market
China’s central bank seeks to mobilise $148bn bailout for real estate projects
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: A new weight-loss drug works. Is that good?
This week, we hear about a new 'miracle' weight-loss drug called Wegovy. It has unprecedented clinical results and endorsements from celebrities such as Queen Latifah. But critics say it deals with the symptom but not the cause. Then, we’re joined by Lauren Indvik, the FT's fashion editor. She explains how to efficiently pinpoint your personal style, and build a wardrobe that saves money, time and carbon emissions. Plus, she answers listener questions.
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Want to stay in touch? We love hearing from you. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– Hannah Kuchler’s piece, ‘A new ‘miracle’ weight loss drug really works – raising huge questions’: https://on.ft.com/3vpSBQh
– Lauren Indvik’s dispatch from the Paris runway, ‘A return to decadence at Paris couture’: https://on.ft.com/3BoXNrl
– Hannah Kuchler is on Twitter @hannahkuchler. Lauren is on Twitter @laureni.
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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial can be found here: http://ft.com/weekendpodcast
Want to join us at the FT Weekend festival in London on September 3rd? Buy a ticket at ft.com/ftwf. And here’s a special £20 off promo code, specifically for FT Weekend listeners: FTWFxPodcast22
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Is the US in a recession?
The US economy has shrunk for two consecutive quarters, many energy companies are posting record profits but French EDF recorded a record loss, and US markets are reacting unpredictably to tech earnings reports.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
US economy shrinks for second consecutive quarter
French energy group EDF records €5.3bn loss ahead of renationalisation
Facebook parent Meta reports first decline in revenue
Spotify adds more subscribers than forecast in second quarter
Google parent Alphabet’s revenue growth falls to slowest pace in 2 years
Microsoft reassures investors with confident full-year forecast
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Fed hikes rates, but next steps are uncertain
US interest rates are going up by 0.75% for the second month in a row, the drama surrounding Elon Musk’s halted Twitter takeover debacle is hurting the social media company’s advertising business and employee morale, and European gas prices are rising as Russia cuts gas flows to the continent.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Fed raises rates by 0.75 points for second month in a row
Twitter ‘rudderless’ as Musk saga hurts advertising business
Gas crisis raises recession risk for inflation-hit eurozone economy
European gas price rise accelerates as Russia cuts flows
Australia’s oversupply of avocados forces farmers to look to Asia and UK for sales
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A new CEO for Credit Suisse
Walmart profit warnings shine a light on disparities in US consumer behaviour, the International Monetary Fund slashes its global growth forecast, and Argentines are scrambling to exchange their pesos for dollars on the black market.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Credit Suisse set to name Ulrich Körner as chief executive
Walmart issues profit warning as soaring inflation hits customers
US consumers are bending but not breaking as prices soar. Can it last?
Argentines turn to black market dollars as crisis worsens
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Anglo-French merger would challenge Elon Musk’s SpaceX
US Big Tech companies are set to release quarterly earnings this week, German business confidence hits a two-year low, and French satellite operator Eutelsat has confirmed it is in discussions to acquire smaller British rival OneWeb in an all-share deal. Plus, cities are especially vulnerable to this summer’s record hot temperatures.
An early version of this podcast stated the UK left the European Space Agency when actually, the UK remains a full member of ESA which is a non-EU organisation. We regret the error and have removed it from the podcast.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Eutelsat shares tumble after confirming OneWeb deal talks
German recession looms as business confidence slumps to two-year low
Can cities adapt to an era of extreme heat?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
European banks set to benefit from rising interest rates
The dollar’s surge to its highest level in 20 years is taking a toll on the corporate earnings of US companies with overseas operations, European bank earnings reports are expected to benefit from rising interest rates, and Ukraine’s Finance Minister Sergii Marchenko spoke to the FT about the challenges of managing his war-torn country’s finances.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Fed to implement second 0.75 point rate rise amid uncertainty over next steps
The strong dollar wipes billions off US corporate earnings
Ukraine set to request delay in foreign debt repayments
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Why are tennis players fixing matches?
This week, we look at the dark side of professional tennis, where underpaid players are selling matches just to break even. Ranked around 200th in the world, a player named Nicolás Kicker was found guilty of match-fixing in 2018. His story reveals a lot of systemic problems within the sport. Then, we hear about the phenomenon of 'vice signalling' from columnist Stephen Bush. It’s similar to 'virtue signalling,' but instead of publicly gesturing towards altruism the vice signaller panders by promising cruelty. Think Donald Trump’s border wall, or Boris Johnson’s threats to deport asylum seekers to Rwanda.
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Want to stay in touch? We love hearing from you. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– William Ralston’s piece ‘The fixer, the cheat and the corruption crisis in global tennis’: https://on.ft.com/3v9nW9L
– Nicolas Kicker fixing a match at the 2015 Barranquilla Challenger: https://www.youtube.com/watch?v=vcF9hq668Ow
– Stephen Bush’s piece ‘How ‘vice-signalling’ swallowed electoral politics’: https://on.ft.com/3BqNtzd
– Stephen Bush’s piece ‘Failed Rwanda asylum flight puts all of the UK on a rocky course’: https://on.ft.com/3BccmhW
– Christopher Grimes’ column ‘Disney chief’s ‘Don’t Say Gay’ drama is a crisis of his own making’: https://on.ft.com/3IYQ98D
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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial can be found here: http://ft.com/weekendpodcast
Want to join us at the FT Weekend festival in London on September 3rd? Buy a ticket at ft.com/ftwf. And here’s a special £20 off promo code, specifically for FT Weekend listeners: FTWFxPodcast22
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco.
Hosted on Acast. See acast.com/privacy for more information.
ECB raises rates amid Italian turmoil
Italian Prime Minister Mario Draghi resigns, the European Central Bank raises interest rates for the first time in more than a decade, Russia and Ukraine reach a deal to end a month-long grain blockade, and the FT’s Katie Martin explains why markets might rally when they see signs of a recession in corporate earnings reports.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Italy president calls snap elections after Draghi quits as PM
Deal on table for release of millions of tonnes of grain from Ukraine ports
ECB raises rates for first time in more than a decade
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Tesla shines despite production disruptions
Tesla withstood disruption to China production and the high costs of scaling up new plants in Texas and Germany, Ukraine is getting some debt relief from western creditors, and Sri Lanka is just one of a number of developing economies facing growing pressure from soaring energy costs and a stronger US dollar. Plus Italian prime minister Mario Draghi’s government is on the brink of collapse, and Liz Truss will go head-to-head with Rishi Sunak in the race to become Britain’s next prime minister.
Mentioned in this podcast:
Tesla profits jump despite production disruptions
Draghi on brink after coalition partners withdraw backing
Ukraine secures preliminary deal to suspend debt repayments
What Sri Lanka reveals about the risks in emerging markets
Rishi Sunak to face Liz Truss in battle to become UK Prime Minister
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Netflix rallies despite subscriber losses
Netflix loses 1mn subscribers, small and midsize venture capital firms in China are struggling to raise funds as foreign investors flee risk, and former Brazilian President Luiz Inácio Lula da Silva is running to be the country’s head of state again, in what could be an extraordinary political comeback.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Netflix loses 1mn subscribers but defections are fewer than feared
‘Exponentially’ risky China leaves venture capital funds starved of cash
FT interview: Brazil’s Lula on the prospects of an extraordinary comeback
Judge grants Twitter fast-track trial to decide fate of $44bn Musk deal
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
SoftBank halts plan for Arm IPO in London
Japanese tech investor SoftBank has put on hold plans for an initial public offering of Arm because of the political turmoil in the UK, a luxury shoe brand popularised by Sex and the City has won a trademark lawsuit after more than two decades, and the FT’s Martin Wolf breaks down what the battle to become the next British prime minister means for the country’s economy.
Mentioned in this podcast:
SoftBank halts work on Arm’s London IPO following political turmoil
Tory leadership election tracker: Four candidates remain in race to be PM
Manolo Blahnik wins 22-year legal fight over China trademark
Twitter Space: Inside SCOTUS’ lurch to the right - and Justice Clarence Thomas.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Sri Lanka picks a new leader
The leader of Sri Lanka’s biggest opposition party has urged the IMF to provide support to ease the country’s humanitarian crisis and cushion the blow of reforms, once high-flying financial technology companies are seeing their valuations crash to earth, and the FT’s Swamp Notes columnists Ed Luce and Rana Faroohar join Marc Filippino to talk about the changing economic geography of the US.
Mentioned in this podcast:
Sri Lanka opposition leader calls on IMF for ‘humane’ treatment, wants fresh elections
Half a trillion dollars wiped from once high-flying fintechs
Swamp Notes: The new geography of work
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Martin Wolf on how to change one's mind
This week, Lilah talks to Martin Wolf about having the confidence to change your mind. Martin is our chief economics commentator and one of the most influential economics journalists in the world. He reflects on how he forms a worldview, and how his opinions have shifted over the past half-century. Then, we hear about the 'gentle parenting' craze on Instagram from Washington correspondent Courtney Weaver. There are no punishments, no bribes, and it encourages your child to have big feelings. But is it asking too much of parents?
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We’re collecting your questions about feedback for an upcoming episode! Are you looking for advice on how to give or receive difficult feedback? Send your questions to us at ftweekendpodcast@ft.com.
Want to stay in touch? We love hearing from you. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
–Martin’s upcoming book is called The Crisis of Democratic Capitalism: https://www.penguin.co.uk/books/305263/the-crisis-of-democratic-capitalism-by-wolf-martin/9780241303412
–Martin’s most recent column, ‘Inflation is a political challenge as well as an economic one’: https://on.ft.com/3ciWO1m
–Martin’s economics book picks for the summer: https://on.ft.com/3yHzuSo
–Courtney Weaver’s piece, ‘Inside gentle parenting’: https://on.ft.com/3APRpZS
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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial can be found here: http://ft.com/weekendpodcast
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Italian political drama weighs on markets
Italian prime minister Mario Draghi offered to resign, which caused problems for Italian stocks and for the euro. Plus, two of the biggest US banks had worse earnings reports than analysts expected.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Mario Draghi offers to resign as Italy’s prime minister
JPMorgan and Morgan Stanley profit miss casts pall over Wall Street
Rising recession fears and broad shift into haven assets have boosted the greenback
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Will rising interest rates actually lower prices?
US consumer prices rose more than forecast in June, hitting an annual pace of 9.1 per cent, and investors are shunning 20-year US government bonds. Plus, a clash of cultures and geostrategic interests sank a German-Chinese joint venture competing in the new space race.
This episode states Canada raised its interest rates by a 'full basis point' when we mean 'full percentage point'. We regret the error
Mentioned in this podcast:
US inflation hit 9.1% in June putting further pressure on Fed
Ukraine and Russia making progress on grain talks, says UN
The corporate feud over satellites that pitted the west against China
FT Live Event: Britain after Boris Johnson ft.com/afterjohnson
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Biden in the Middle East
US president Joe Biden is set to meet with Saudi Crown Prince Mohammed bin Salman, the biggest US banks report earnings this week and are expected to show bumper profits from lending, and EU officials fear criminal groups are smuggling weapons out of Ukraine and on to Europe’s black markets.
Mentioned in this podcast:
US banks set for lending earnings boost as Fed lifts rates
Joe Biden seeks reset on Saudi Arabia as oil tensions flare
Nato and EU sound alarm over risk of Ukraine weapons smuggling
FT Global Survey: www.ft.com/2022survey
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
What we know about the Abe murder
Former UK chancellor Rishi Sunak and foreign secretary Liz Truss have emerged as the favourites to replace prime minister Boris Johnson, and more details have been revealed in the murder of Japan’s former prime minister, Shinzo Abe. Plus, Nikkei Asia’s Marwaan Macan-Markar explains how Sri Lanka’s economic and political crises could foreshadow similar issues in other debt-ridden countries.
Mentioned in this podcast:
Sunak to stand firm on taxes until he has ‘gripped inflation’
Sri Lanka prime minister confirms besieged president Rajapaksa to resign
Killing of Shinzo Abe shines spotlight on politicians’ links with Moonies
Did you move to work remotely? Email marc.filippino@ft.com with your story.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Crypto collapse hits black Americans hard
Twitter is mounting legal action against Elon Musk as he tries to terminate the deal to buy the social media company, black Americans’ higher exposure to cryptocurrencies has left them more vulnerable to the financial downturn, Cairo’s storied houseboats have been removed as part of bigger changes that many fear will destroy heritage and green space in the Egyptian capital.
Mentioned in this podcast:
Experts say Musk faces uphill battle for victory in Twitter legal fight
Twitter hires Wachtell legal firm to sue Elon Musk for ending $44bn acquisition
Crypto collapse reverberates widely among black American investors
Cairo houseboats adrift in storm over development
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Our summer books and films special
This week is our summer books and films spectacular, full of recommendations of things to read and watch. First, Lilah is joined by literary editors Fred Studemann and Laura Battle to explore the FT's Summer Books special. They suggest a range of light summer reads, sharp non-fiction, deep dives, thrillers and classics to take on your summer holiday, and talk trends in book publishing. Then, deputy arts editor Raphael Abraham recommends the top films to look out for this summer. After watching 24 films in less than a week at the Cannes film festival, he's filtered the new releases down to a must-see list.
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Tell us about your own favourite new books and films! We’ll share them alongside the episode on our social platforms. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
Here’s Laura’s list of the best fiction summer reads: https://on.ft.com/3AvtuPg. The whole summer books special is at http://ft.com/summerbooks.
Books mentioned:
–Audiobooks: Bad Actors by Mick Herron and Ulysses by James Joyce
–Novels that span centuries: To Paradise by Hanya Yanagihara and Sea of Tranquility by Emily St John Mandel
–Beach read: You Made a Fool of Death with your Beauty by Akwaeke Emezi
–Fun non-fiction: Circus of Dreams by John Walsh
–Empire books: Legacy of Violence by Caroline Elkin and In the Shadow of the Gods by Dominic Lieven
–BRussian influence: Putin’s People by Catherine Belton and Butler to the World by Oliver Bullough
–AI simulation: The Anomaly by Hervé Le Tellier
Stories mentioned:
–Marriage in all its divine tedium: https://on.ft.com/3KXOBfm
–Edward Luce on whether America is headed for another civil war: https://on.ft.com/3yJ43az
–Fred’s BookTok column: https://on.ft.com/3GEC5Ad
Films to watch this summer, from Raph:
–Aftersun: https://on.ft.com/3uUt9lJ
–Nitram: https://on.ft.com/3auhgvs
–Hit the Road
–McEnroe
–Three Thousand Years of Longing: https://on.ft.com/3nMshLK
–Elvis: https://on.ft.com/3P1Uaeu
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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial can be found here: http://ft.com/weekendpodcast
--------------
Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Britain after Boris
The FT’s UK chief political commentator Robert Shrimsley and FT columnist Stephen Bush discuss what’s next for the country after Boris Johnson’s resignation. Plus, as the fears of recession grow, commodity prices are falling.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Boris Johnson bows to pressure and quits after days of turmoil
Twitter Space: Boris Johnson has announced his resignation. So what’s next?
Commodities slump as recession fears stamp out fierce rally
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Marxism degrees are having a moment in China
Pressure mounts on UK prime minister Boris Johnson to resign, but the pound holds steady. Plus the Chinese government is pushing for more students to study Marxism.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Cabinet ministers call on Boris Johnson to quit as UK prime minister
Pound traders look past UK political turmoil
Supreme Court ruling casts doubt on powers of US regulators
China’s Marxism majors prosper amid labour market woes
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The race for electric vehicle supremacy
Two high-profile UK ministers resigned on Tuesday, oil prices had its biggest one-day drop since March, and a Chinese electric car company outsold Tesla in the first half of the year. Plus, Chinese electric vehicle battery companies are on a fundraising blitz.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Boris Johnson on the brink after chancellor and health secretary quit UK cabinet
Warren Buffett-backed Chinese group BYD overtakes Tesla in global electric vehicle sales
China taps markets for $10bn to cement clean tech supremacy
Church of England taps debt markets with ‘Cranmer’ bonds
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Martin Wolf: are we heading for a global recession?
European power prices hit record high as Russia curtails gas supplies, foreign investors have dumped a record $33bn of Indian shares since October, and the FT’s chief economics commentator Martin Wolf discusses the global economy.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
European power prices hit record high as Russia curtail gas supplies
Foreign investors dump record $33bn of Indian stocks since October
Policy errors of the 1970s echo in our times
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: How to live forever
This week, we return to one of our favourite episodes, to ask the question: what does it mean to defy death? Rock climber Leo Houlding tells us about his terrifying family holidays, scaling vertical cliff-faces with his two young kids. We also explore radical life extension with science writer Anjana Ahuja. How close are we scientifically to extending the human lifespan to 150 or 200? What are the implications when we get there? And do we really want to live forever?
Links from the episode:
— Leo Houlding’s extreme family holiday in Wyoming’s wild west: https://www.ft.com/content/0bcba30a-bb46-4bc1-8a7d-9166dc43a5e8
— Anjana Ahuja on whether we can live forever: https://www.ft.com/content/60d9271c-ae0a-4d44-8b11-956cd2e484a9
— Inside the life extension market, with Tiffanie Darke: https://www.ft.com/content/867e647b-c0e8-4aeb-9777-fedff7ec3476
Want to say hi? Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
If you want a great discount on an FT subscription or a $1/£1/€1 month-long trial, we’ve got you: http://ft.com/weekendpodcast
Mixing and sound design by Breen Turner, with original music by Metaphor music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China’s middle class dreams of leaving
The US Supreme Court cut back the Environmental Protection Agency’s ability to regulate greenhouse gas emissions, US stocks lost $9 trillion in the first half of 2022, and frustration with China’s zero-Covid policy is pushing its middle class to try to leave the country.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
US Supreme Court curbs EPA’s power to regulate greenhouse gas emissions
US stocks on course for worst first-half slump in more than 50 years
Covid in China: Xi’s fraying relationship with the middle class
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
How the beauty industry left Revlon behind
Chinese stocks are set for their largest monthly rise since 2020, Meta frustrates app developers by charging for VR apps, and Revlon’s bankruptcy filing sheds light on what it takes to stay relevant in the beauty industry.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Chinese stocks set for largest monthly rise since 2020
Meta sparks anger by charging for VR apps
How the beauty industry left Revlon behind
Statutory inquiry into Captain Tom charity launched
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A new legal battleground in US abortion wars
A former White House aide testified that former President Donald Trump tried to commandeer his limousine on January 6, an independent report advises the UK to suspend use of live facial recognition over privacy concerns, and environmentalists are concerned about the impact of global timber trade disruption. Plus, access to mail-order abortion pills is shaping up to be the next legal battleground.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
UK should immediately ban use of live facial recognition, warns report
Ukraine war hits global timber trade and adds to risks for forests
Abortion pills in demand after reversal of Roe vs Wade
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Russia heading for first default in decades
Russia is on course to default on its debt for the first time since 1998, and Credit Suisse has become the first domestic bank to be found guilty of a corporate crime after a court found the lender failed to stop the laundering of Bulgarian drug money. UK travel chaos could widen this summer as travel unions threaten strike activity.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Russia set for first debt default since 1998 as payment deadline passes
Credit Suisse found guilty over Bulgarian drug money failings
Is Britain headed for a summer of strikes?
US company spending on private jets for personal use hits 10-year high
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Listener question: Should the UK cut arts funding?
Nato is to agree an overhaul of its battle plans to offer better protection to the alliance’s eastern flank, and there is some debate on how to soften the economic blow of the UK leaving the European Union. Plus, a listener wants to know: Is the UK justified in spending more on science and tech education and less on the arts?
Mentioned in this podcast:
Nato to agree overhaul to bolster Baltic defences against Russian threat
The deafening silence over Brexit’s economic fallout
A tale of two cultures: must Britain choose between science and the arts?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: A Strange Loop, the Tony-winning queer black best new musical
This week we speak with Michael R. Jackson, playwright of A Strange Loop, which just won the Tony award for Best Musical and Best Book. Jackson is a queer, black writer whose musical is about a queer, black writer writing a musical about a queer, black writer.. Hence the strange, but incredibly entertaining loop. Then, we learn about the dark side of Copenhagen's world-famous fine dining restaurant scene from Imogen West-Knights. Denmark seems to be turning a blind eye to abuses in its hottest – and extremely lucrative – hospitality industry.
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– Imogen’s article ‘Fine dining faces its dark truths in Copenhagen’: https://on.ft.com/3NlO6Mq .
– Lilah’s article ‘How far does a chef have to go to be truly good?’: https://www.ft.com/content/246cdc2a-f135-4d3d-9d74-e524e9217699.
– Michael’s musical A Strange Loop is on Broadway at the Lyceum Theatre.
– Imogen is on Twitter @ImogenWK, and Michael is @TheLivingMJ.
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Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast.
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Ukraine in the EU?
The EU recognizes Ukraine as an official candidate for membership, Russian businessmen look to work with Iran to skirt US sanctions, and the FT’s Hot Money podcast reveals Visa and Mastercard are the secret regulators of the porn industry. Plus, the US bans Juul e-cigarettes from being sold.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
EU leaders formally agree to grant Ukraine candidate member status
Sanctions-hit Russian businessmen seek tips from Iran
Pornhub owner MindGeek loses top two executives
Subscribe to the Hot Money podcast
EU press conference audio courtesy of the European Council
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Can all of Africa get access to electricity?
US stocks stay fairly flat after Fed Chair Jerome Powell testifies in Congress, a Ukrainian-made drone hits an oil refinery in Russia, and the International Energy Agency says investing $25 billion annually could lead to universal electricity access in Africa by the end of the decade.
Mentioned in this podcast:
Jay Powell warns US recession is ‘certainly a possibility’
‘Kamikaze’ drone strike hits oil refinery in southern Russia
Africa needs $25bn a year of investment to boost energy provision, says IEA chief
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Schrödinger’s dead cat bounce
The S&P 500 rose by 2.4% on Tuesday, Russia is threatening Lithuania over enforcing EU sanctions, and the global food shortage reignites the debate on using crops for biofuel. Plus, Kellogg is Read a transcript of this episode on FT.com off into three separate companies.
Mentioned in this podcast:
S&P 500 bounces 2.4% after sharp weekly decline
Russia warns Lithuania of serious consequences over Kaliningrad rail ‘blockade’
Food vs fuel: Ukraine war sharpens debate on use of crops for energy
Kellogg’s to split into three separate food businesses
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Jeff Bezos vs the bridge
China is the leader in initial public offering fundraising this year, Jeff Bezos’s superyacht ignites a debate about who cities are for, and New Zealand’s housing market could hold some clues for what to expect in countries starting to raise their interest rates.
Mentioned in this podcast:
China IPO fundraising doubles US total to top global ranks
Jeff Bezos vs the bridge: Rotterdam’s dilemma over billionaire’s superyacht
New Zealand’s housing price boom cools as rate rises bite
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Tim Sweeney on Epic's metaverse
Passively managed index funds have overtaken actively managed funds’ ownership of the US stock market for the first time and Brazil is cracking down on fake news on social media sites in the run-up to this October’s election. Plus, the FT’s Patrick McGee interviewed the chief executive of Epic games about his ambitions for the metaverse.
Mentioned in this podcast:
Passive fund ownership of US stocks overtakes active for first time
Social media platforms crack down on fake news ahead of Brazil election
Tim Sweeney: Epic will fight Apple and Google to keep the metaverse open
Travis Scott concert audio courtesy of Travis Scott YouTube channel
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: What Warhol’s Marilyn tells us about the art market
Last month, Andy Warhol's "Shot Sage Blue Marilyn" sold for $195mn, making it the second most expensive piece of art to sell at auction, ever. And as prices keep going up, the art market — auction houses, gallerists, dealers, collectors — want to keep it that way. On the heels of a ‘stonking’ art season, we invite two heavy hitters into the studio to walk us through it: arts editor Jan Dalley and art market columnist Melanie Gerlis. Then, Christie's head of 20th- and 21st-century art, Alex Rotter, pulls back the curtain on these record-breaking sales.
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– Melanie’s article ‘Art Basel’s Swiss fair defies gloomy economy with soaring sales’: https://on.ft.com/3QtSagn
– Melanie’s auction season roundup: https://on.ft.com/38jn363
– Columnist John Gapper on how ‘The art market cannot get enough Andy Warhol Marilyns’: https://on.ft.com/3O3GeAm
– Jan’s most recent art column, on whether we should send art back to Russia: https://on.ft.com/3OeLzF2
– Robert Armstrong’s profile of Larry Gagosian: https://on.ft.com/3IfT0sD
– Melanie’s books are called The Art Fair Story and Art as an Investment?
– Melanie is on Twitter @mgerlis, and Alex is on Instagram @rottweilernyc.
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Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast.
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Switzerland’s historic rate rise rattles markets
Stocks fall following rate rises in the US, UK and Switzerland and Russia restricts gas flow to Germany, and Covid hospitalisations are up in Europe.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Wall Street stocks tumble as UK and Switzerland follow Fed with rate rises
Germans told to conserve energy as Russia cuts gas flows to Europe
Covid hospitalisations rise in Europe as sub-variants fuel new wave
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The biggest US rate rise in almost 30 years
The Federal Reserve raised its benchmark policy rate by 0.75 percentage points for the first time since November 1994, and the European Central Bank says it will speed up work on a new policy tool to counter surging borrowing costs. Plus, billionaire investor Ray Dalio talks about the connections he's found between the rise and fall of markets and the rise and fall of nations.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Fed raises rates by the most in decades to tame scorching inflation
ECB to design new bond-buying plan to tackle market turmoil
The Rachman Review with Ray Dalio
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A make-or-break meeting for the WTO
The World Trade Organization is facing a credibility crisis during its first meeting since 2017, the increased value of the US dollar is hurting American companies, and Ukraine lays out a weapons shopping list ahead of its meeting with western defence ministers today.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
The WTO’s lonely struggle to defend global trade
Rise in dollar to 20-year high costs US companies billions in earnings
Military briefing: which weapons has Ukraine received and how many more does it need?
Apple scores deal for Major League Soccer streaming rights worth $2.5bn
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Bad news bears (market)
US stocks dipped into bear market territory, two major cryptocurrency players blocked withdrawals, and British prime minister Boris Johnson published legislation to make sweeping changes to trading rules for Northern Ireland. Plus, hundreds of Japanese companies have left Tokyo for the countryside — will it have a lasting effect?
Note: We wanted to apologize to our listeners for not publishing a show on Monday, June 13. This was due to a technical error.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
US stocks trade in bear market territory as sell-off accelerates
Bitcoin tumbles after crypto lender Celsius blocks all redemptions
What does Northern Ireland protocol bill do and why is it contentious?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: The rich interior lives of pigs
This week, we explore new scientific research behind: pigs! They have far more sentience and complexity than we give them credit for. Chief features writer Henry Mance joins to discuss how pigs and other animals think and feel, and the bigger questions around how we farm and eat them. Then, we look at a New York City architectural phenomenon: skinnyscrapers. Architecture critic Edwin Heathcote tells us about these new, super-thin towers that shoot up more than a quarter of a mile into the sky. How does a city’s architecture reflect its identity?
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– Henry Mance’s article: ‘What cutting-edge science tells us about pigs’: https://on.ft.com/3MEe6Cz
– Henry’s book is called How To Love Animals: In A Human-Shaped World
– Edwin Heathcote on 111 W 57th and Manhattan’s skinnyscrapers: https://on.ft.com/3aMIehZ
– Henry Mance is on Twitter @henrymance, and Edwin is at @edwinheathcote.
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Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast.
--------------
Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
ECB to raise interest rates for first time since 2011
US consumer prices are set to have registered another large monthly advance, the European Central Bank has paved the way for a series of rate rises, and China is offering coronavirus vaccine insurance in an effort to win over sceptics and boost the vaccination rate.
Mentioned in this podcast:
ECB plans quarter-percentage point rate rise in July as ultra-loose policy ends
China offers Covid vaccine insurance to win over jab sceptics
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
SEC chair reviews ‘uneven’ US equities market
The chair of the US Securities and Exchange Commission has outlined plans to overhaul what he described as an “uneven” and unfair US equity market; pain in the US municipal debt market has started to subside after the worst start to the year in four decades. Plus, the FT’s Patricia Nilsson chats with Marc about the new FT podcast she co-hosts with global media editor Alex Barker, called “Hot Money: Porn, power and profit”.
Subscribe to the FT News Briefing oan Apple Podcasts or Spotify
Mentioned in this podcast:
SEC chief launches review of ‘uneven’ US equities market
Bleeding stops in US muni bonds as investors seek slowdown protection
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Ukraine’s president: ‘Stalemate is not an option’
Ukrainian president Volodymyr Zelenskyy said a stalemate in the war with Russia was ‘not an option’, and the London Metal Exchange has been hit by two lawsuits over the nickel short squeeze fiasco in March. Plus, the FT’s Rana Foroohar and Ed Luce talk about how Democrats and US president Joe Biden can change the narrative on the economy as midterm elections approach.
Mentioned in this podcast:
Ukraine’s Zelensky says stalemate with Russia ‘not an option’
LME hit by $450mn lawsuit from Elliott Management over nickel market chaos
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. Th e FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Boris Johnson’s bruising no-confidence vote
Boris Johnson on Monday night survived a bruising no-confidence vote, and Elon Musk’s legal team has written to Twitter threatening to abort his $44bn acquisition. Plus, the FT’s Kiran Stacey reports on Big Techs’ big fight against an effort by US lawmakers to halt the practice of “self-preferencing”.
Mentioned in this podcast:
Weakened Johnson scrapes through after damaging confidence vote
Elon Musk threatens to abandon $44bn Twitter takeover
Big Tech pulls out all the stops to halt ‘self-preferencing’ antitrust bill
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The war on ‘woke’ capitalism
ECB governing council members are expected to support a proposal to create a new bond-buying programme if needed to counter borrowing costs for member states spiralling out of control, and in the US more investors are rebelling against high executive pay at leading companies and some are targeting individual board directors, while rightwing populists and industry sceptics mount a backlash against what they call “woke capitalism.”
Mentioned in this podcast:
ECB to firm up plans to ward off bond market stress
US investors rebel against high executive pay
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Behind the Money: Tether’s path to the spotlight
Behind the Money, our in-depth business podcast, has just relaunched! We wanted to share one of our most recent episodes. Follow the show on Apple Podcasts, Spotify, Stitcher or Acast.
On this episode, we’re diving back into the world of stablecoins for part 2 of 2 in our miniseries on crypto. This time, it’s a story filled with troubled companies and a real life fire that sends a business up in smoke. With the help of FT reporters Kadhim Shubber and Siddharth Venkataramakrishnan, we dig into the professional histories of two executives who sit atop two of crypto’s most important businesses: stablecoin issuer Tether and exchange Bitfinex.
Clips courtesy CSPAN
For further reading:
Tether’s CEO: from IT sales to calling the shots in crypto land
Tether: the former plastic surgeon behind the crypto reserve currency
On Twitter, follow FT reporters Kadhim Shubber (@Kadhim), Siddharth Venkataramakrishnan (@SVR13) and Ethan Wu (@EthanYWu)
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Tina Brown and Simon Schama on the royal family
This weekend, we're marking the Queen's Platinum Jubilee with a spirited discussion on what’s next for the Windsors. Tina Brown, author The Palace Papers, speaks with historian Simon Schama and HTSI editor Jo Ellison about the state of the royal family. As Britain celebrates 70 years of Elizabeth II on the crown, what will the royal family look like over the next decade? We bring you this conversation from the recent US FT Weekend festival stage.
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– FT interview with Tina Brown, by Andrew Edgecliffe-Johnson: ‘Nobody is remotely real around royals’ https://on.ft.com/3v19UqW
– Tina’s new book is called The Palace Papers: Inside the House of Windsor--the Truth and the Turmoil
– Jo is on Twitter @jellison and Instagram @jellison22. Tina is On Twitter @TinaBrownLM. Simon is on Twitter @simon_schama.
– You can watch the full interview with Tina, Jo and Simon by buying an on-demand pass to the FT Weekend festival: https://usftweekendfestival.live.ft.com/page/2064102/program
A few more great FT Weekend pieces on the Jubilee:
– Simon Okotie: ‘Why, after all, I will celebrate the Jubilee’ https://on.ft.com/3xfTj3I
– Sarfraz Manzoor: ‘A constant Queen for a changing realm’ https://on.ft.com/3zhkooK
– Nilanjana Roy: ‘Elizabeth in India: the steel beneath the hats’ https://on.ft.com/38L5P1G
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Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast.
If you have an iPhone and want to try FT Edit (eight pieces of journalism a day, handpicked by senior editors, for much less than an FT subscription), search ‘FT Edit’ in the App Store.
--------------
Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Can Africa grow without fossil fuels?
Global investors are returning to China’s stock markets after a widespread sell-off earlier this year, and Opec and its allies on Thursday agreed to accelerate oil production in July and August. Plus, the FT’s David Pilling explains whether African countries can move away from fossil fuels and toward greener economies.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Investors return to Chinese stocks after Covid and geopolitics triggered sharp sell-off
Opec agrees to accelerate oil production following US pressure
Can Africa grow without fossil fuels?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Russian business hit by tech sanctions
Export controls placed on supply of chips and hardware over Moscow's invasion of Ukraine dent the prospects for Russia's economy, and the US will provide Kyiv with longer-range rocket systems.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
‘Everything is gone’: Russian business hit hard by tech sanctions
What is America’s end-game for the war in Ukraine?
US to provide Ukraine with longer-range rocket systems
Price of a UK pint up more than 70% since financial crisis
Have you changed your money habits recently in response to bad news about the economy? Send us a voice memo with your name, where you’re from and what you’re doing to marc.filippino@ft.com.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Hungary’s Viktor Orbán and his ‘superbank’
The head of EY’s US business quit the Big Four accounting firm after a power struggle with its global boss, and German police raided DWS and Deutsche Bank offices over allegations DWS misrepresented green investments. Plus, Hungary’s autocratic prime minister is trying to build a superbank to increase his financial control over the country.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
EY’s US boss quit after clashing with global chief of Big Four firm
German police raid DWS and Deutsche Bank over greenwashing allegations
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Race at work since George Floyd
US chipmaker Qualcomm wants to build a stake in Arm alongside rivals, and how does commodities trader Glencore rescue its reputation after pleading guilty to multiple counts of bribery and market manipulation? Plus, Federica Cocco explains whether businesses are sticking to their diversity promises two years after the police murder of George Floyd.
Mentioned in this podcast:
Qualcomm eager to invest in Arm alongside rivals in upcoming IPO
‘Bribery built into the corporate culture’: can Glencore rescue its reputation?
Race at work: how hard are companies really trying?
Have you changed your money habits recently in response to bad news about the economy? Send us a voice memo with your name, where you’re from and what you’re doing to marc.filippino@ft.com.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
What’s the crypto vibe?
The FT podcast “Behind the Money” digs into whether the tide has really turned in cryptocurrencies, and whether crypto fans will have to deal with this new “vibe” for the long haul.
Mentioned in this podcast:
Behind the Money: A crypto vibe shift?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: The story of a stolen cookbook. Plus, Elizabeth Strout
In the 1930s, Alice Urbach wrote a beloved cookbook in Vienna. But during the Holocaust it was stolen: Aryanized, peppered with Nazi ideology and republished under someone else's name. The publisher refused to change it back for more than 85 years. Alice got her intellectual rights restored by her granddaughter Karina Urbach, a historian, who joins us to tell the story.
Afterwards, we bring you a conversation with Elizabeth Strout, Pulitzer Prize winning novelist, from our recent US FT Weekend festival. She’s in conversation with FT Globetrotter editor Rebecca Rose.
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
–FT review of ‘Alice’s Book: How the Nazis stole my Grandmother’s Cookbook’, by Katrina Urbach https://on.ft.com/3z0D8bQ
–A recent piece by Elizabeth Strout for the FT Weekend Magazine, on Judith Joy Ross’s photography: https://on.ft.com/3JdFF4U
–Watch the whole FT Weekend Festival on demand here (paid): https://usftweekendfestival.live.ft.com/page/2064102/program
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Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast.
If you have an iPhone and want to try FT Edit (eight pieces of journalism a day, handpicked by senior editors, for much less than an FT subscription), search ‘FT Edit’ in the App Store.
--------------
Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Guerilla. Economist. Colombia’s next president?
China has offered “a few hundred million dollars” in lending to Sri Lanka to help alleviate a shortage of essential goods, Wall Street investors got spooked by an earnings warning from Snap, and the FT traced a massive European bank sell-off to one fund manager. Plus, Colombia looks ready to elect a former guerilla turned economist as its next president.
Mentioned in this podcast:
China will help us weather financial crisis, says Sri Lanka’s prime minister
US stocks fall on fears of slowing growth
Capital Group’s European bank sell-off was driven by single fund manager
How the Colombia election could change Latin America
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Investing’s cults of personality
Hedge funds are trying to reposition themselves in the middle of this year’s heavy tech stock sell-off, and the director of the UN’s World Food Programme, David Beasley, explains how the war in Ukraine is causing a global food shortage. Plus, the FT’s Christian Davies tells the wild story of the guy behind the Luna cryptocurrency and its incredible downfall.
Mentioned in this podcast:
Gabe Plotkin’s Melvin Capital to wind down funds
$40bn crypto collapse turns South Korea against the ‘Lunatic’ leader
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
America’s hiring headache
Australia’s new prime minister met with world leaders to discuss climate change and Hungary’s prime minister declared an economic state of emergency. Plus, the FT’s Colby Smith visits the city of Atlanta to find how restaurant owners are managing to find staff in a red hot labour market.
Mentioned in this podcast:
Orbán declares state of emergency over crisis caused by Ukraine war
Anthony Albanese sworn in as Australia’s prime minister
America’s red-hot labour market: inflation undercuts jobs recovery
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The end of globalisation at Davos
Three decades of globalisation risks are going into reverse, according to company executives and investors as world leaders meet in Davos for the first time since the coronavirus pandemic began, and Toshiba set a deadline of May 30 for additional bidders in what could be Japan’s largest private equity deal.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Business leaders warn that three-decade era of globalisation is ending
Toshiba reveals takeover interest as battle heats up
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Can Boeing’s move towards the Pentagon solve its problems?
Saudi Arabia has signalled it will stand by Russia as a member of the Opec+ group of oil producers, the former head of Russia’s second-biggest oil group has warned that an EU ban on Moscow’s crude would be “the most negative scenario” for all parties. Plus, the FT’s Peggy Hollinger discusses Boeing’s decision to move its headquarters to be near the Pentagon and DC and why many stakeholders are unhappy.
Mentioned in this podcast:
Boeing needs a stronger vision to bounce back from crisis
Saudi Arabia signals support for Russia’s role in Opec+
Lukoil’s ex-chief warns against EU ban on ‘irreplaceable’ Russian oil
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Why US abortion rights are under attack
It’s about to become much harder to find safe abortion care in America, in a country where some states already make it almost impossible. This week, we make sense of what’s happening and how we got here. Lilah speaks with Rhiannon Hamam, a Texas public defender and host of the popular show 5-4 (“a podcast about how much the Supreme Court sucks”) to make sense of Roe vs Wade, the seminal law that is expected to be overturned. Then, we pass the mic to three people providing abortion services in three states that will face some of the biggest changes: Wisconsin, Alabama and Illinois. They tell us what they’re seeing, and how they’re preparing for a post-Roe world.
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Links and mentions from the episode:
– You heard this week from Rhiannon Hamam, co-host of the podcast 5-4. Listen everywhere, or here: https://www.fivefourpod.com. Rhiannon is on Twitter at https://twitter.com/AywaRhiannon
– Dr. Kristin Lyerly is an obstetrician and gynaecologist in Sheboygan, Wisconsin. She's on Twitter at https://twitter.com/kristinlyerly?lang=en
– Robin Marty is author of ‘The New Handbook for a Post-Roe America’ and operation director of the West Alabama Women’s Center in Tuscaloosa. She recently wrote an op-ed for the FT: https://on.ft.com/3wr0HZK. You can find her on Twitter at https://twitter.com/robinmarty
– Marie Khan is director of programs for the Midwest Access Coalition, a practical abortion fund. You can learn more about them at https://midwestaccesscoalition.org/
– Key coverage of the war in Ukraine is free to read: https://www.ft.com/freetoread
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
--------------
Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast. If you have an iPhone and want to try FT Edit, search ‘FT Edit’ in the app store.
--------------
Original music by Metaphor Music. Mixing and sound design by Breen Turner.
Archival clip courtesy of CBS.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US tensions with Latin America are a boon for China
Canada is banning Chinese telecom giant Huawei from its 5G network, US plans to host the Summit of Americas are in disarray as Latin American heads of state refuse to attend. Plus, the California-based asset manager Pimco is trying to adapt to an era of rising interest rates and passive investing.
Mentioned in this podcast:
Canada to ban Chinese telecoms Huawei and ZTE from 5G networks
US summit struggles in Latin America are a boon to China
Pimco: navigating the end of the bond bull market
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Correction: An earlier version of this podcast featured a guest mistaking Samsung for Huawei. This reference has been removed.
Hosted on Acast. See acast.com/privacy for more information.
Why Ukraine and Russia are fighting over a teeny island
Wall Street stocks fell hard on Wednesday after the retailer Target warned that inflation and supply chain disruptions would hit profit margins, and we explain why a tiny island in the Black Sea is so important in the war in Ukraine. Plus, the FT’s Jude Webber explains why the United Kingdom wants to alter the Northern Ireland protocol from its Brexit trade agreement.
Mentioned in this podcast:
UK will legislate to ‘fix’ N Ireland trade problems, says Truss
Military briefing: why Russia and Ukraine are fighting over Snake Island
US women’s football team agrees equal pay in milestone agreement
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
An early version of this episode misstated that the US men's national soccer team did not qualify for the 2022 World Cup.
Read a transcript of this episode on FT.com
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Salary advancements: a double-edged sword?
Cash holdings among global fund managers have risen to their highest level since 9/11, China’s economic data show how badly the country is suffering from its Covid lockdowns. Plus, the FT’s employment columnist Sarah O’Connor says inflation hurts some workers more than others and salary advancement schemes aimed at helping struggling workers may not be a panacea.
Mentioned in this podcast:
Big investors increase cash holdings to highest levels since 9/11 attack
Beware the promise of salary advance schemes
China’s economic activity plummets as Covid lockdowns hit growth
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Musk toys with Twitter deal at lower price
Elon Musk acknowledged on Monday that he would pay a lower price for Twitter, hedge fund Tiger Global has significantly cut back its shareholdings and dumped stakes in tech companies, wheat prices jumped after India banned exports, and McDonald’s will sell its business in Russia.
Mentioned in this podcast:
Elon Musk says different price for Twitter deal ‘not out of the question’
Tiger Global slashes bets on tech groups after stock market sell-off
Wheat prices rise almost 6% as India export ban shakes markets
McDonald’s to sell its Russian business over Ukraine war
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Behind the Money is back!
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Francesca McDonagh heads to Credit Suisse
Brussels is set to cut its growth forecasts further and boost its inflation outlook, and Sweden will jettison 200 years of military non-alignment and apply to join Nato alongside its neighbour Finland. Plus, the FT’s Owen Walker talks about Credit Suisse’s high profile new hire, Francesca McDonagh.
Mentioned in this podcast:
Europe growth and inflation outlooks worsen as energy crisis hits
Sweden and Finland to make Nato applications on ‘historic’ day for Nordics
Francesca McDonagh: banker with ‘steel in her spine’ heads to Credit Suisse
Goldman Sachs says senior staff can take as much time off as they want
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: How Shakespeare gave actor Michael Patrick Thornton his life back
This weekend, Lilah talks to actor Michael Patrick Thornton, who appears in the buzzy new Broadway production of Macbeth. When Michael was 24, he had a series of spinal cord strokes. Reciting Shakespeare's sonnets taught him how to breathe and speak again, and continue his career. Michael is at present the only actor on Broadway who uses a wheelchair. We ask him about the power of language and his role in the play (which also stars Daniel Craig and Ruth Negga). Then, we learn about Britain's top forensic artist from journalist Will Coldwell, and the techniques she uses to catch criminals — which include a jar of strawberry jam.
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– Will’s profile of Melissa Dring, ‘To catch a criminal: what a forensic artist knows about the mind’: https://on.ft.com/3rw0lht
– Michael Patrick Thornton’s theatre company, The Gift: https://thegifttheatre.org/
– Macbeth – starring Daniel Craig, Ruth Negga and Michael – is on Broadway’s Longacre Theatre until July 10
– Michael is on Twitter @ThorntonMPT, and Will is on Twitter at @Will_Coldwell
– Select coverage of the war in Ukraine is free to read at https://www.ft.com/freetoread
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Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast.
If you have an iPhone and want to try FT Edit (eight pieces of journalism a day, handpicked by senior editors, for much less than an FT subscription), search ‘FT Edit’ in the App Store.
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Stablecoins aren’t so stable after all
Norway’s oil fund has slammed “corporate greed” and excessive executive pay, some former Ukrainian officials believe their forces could push Russian troops out before the end of the year, and Jay Powell was confirmed for a second term as chair of the Federal Reserve. Plus, the FT’s Katie Martin explains how cryptocurrencies’ latest meltdown could spill into normal markets like stocks and bonds.
Mentioned in this podcast:
Norwegian oil fund denounces ‘corporate greed’ over executive pay
Military briefing: can Ukraine push the Russian army from the country?
What happens in crypto may not stay in crypto this time around
Crypto industry shaken as Tether’s dollar peg snaps
Powell confirmed by Senate for second term as Fed chair
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Ping An calls for HSBC break-up
Description: Turkish authorities have raised the pressure on the country’s banks to limit corporate clients’ purchases of foreign currency, US consumer prices rose at an annual pace of 8.3 per cent last month, and the EU will have to spend close to €200bn in the next five years to secure energy independence from Russia. Plus, the FT’s Tabby Kinder explains why HSBC’s biggest shareholder is pressuring the bank to split up.
Mentioned in this podcast:
Turkey dials up the pressure on banks as lira slides
US inflation stays at 40-year high defying expectations of bigger drop
EU warns of €195bn cost to free bloc from Russian energy
Peter Ma: China’s shy insurance tycoon bursts into the limelight
Saudi Aramco overtakes Apple as the world’s most valuable company
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Musk would let Trump back on Twitter
Tesla CEO Elon Musk has said he would reverse Twitter’s ban on Donald Trump, and all but one of the global investment banks in China finally managed to eke out a profit last year. Plus, a look at the new president of the Philippines, Ferdinand “Bongbong” Marcos Jr.
Mentioned in this podcast:
Musk says he would reverse Trump’s Twitter ban, calling it ‘foolish’ and ‘morally wrong’
Global investment banks in China finally turn a profit
The Marcos revival: how late Philippine dictator’s son went from exile to election favourite
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Sinn Féin’s historic victory
Volkswagen chief Herbert Diess has called for the EU to pursue a negotiated settlement to the Ukraine War for the sake of Europe’s economy, Goldman Sachs has paused new Spac offerings, and an historic election victory by Northern Ireland’s Sinn Féin Party has overturned more than a century of unionist dominance in the region.
Mentioned in this podcast:
Emerging markets hit by ‘toxic’ mix of rising rates and slower growth
VW chief’s call for settlement to end war draws outrage from Kyiv
Goldman Sachs pauses work on new Spacs after SEC takes tougher stance
Sinn Féin wins historic victory in Northern Ireland
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The cost of China’s zero-Covid lockdown
Xi Jinping’s renewed commitment to zero-Covid policy rattles investors in China, Africa’s top Covid vaccine plant faces an uncertain future after production halt, and plant-based meat maker Impossible Foods claims a rival, Motif, has infringed its patent on a beef-replica product.
Subscribe to the FT News Briefing oan Apple Podcasts or Spotify
Mentioned in this podcast:
Defence companies face supply snags as demand for US weapons rises
Xi Jinping’s renewed commitment to zero-Covid rattles markets in China
Africa’s top Covid vaccine plant faces uncertain future after production halted
Plant-based meat groups in court battle over taste of their products
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US-China Tech Race: The great decoupling
In the final episode of this season of Tech Tonic, we ask if the growing tensions between the US and China could split the world into two competing technological spheres. It has been dubbed 'the great decoupling'. Some in the US want to see Chinese companies cut off from American investment, while hawkish factions in China have been fighting for a more self-sufficient and nationalistic tech sector. But what would decoupling really look like? And is it even possible?
Presented by James Kynge, this episode features interviews with Lillian Li (author of Chinese Characteristics newsletter), Paul Triolo (senior vice-president of Albright Stonebridge Group), Roger Robinson Jr (president and founder of RWR Advisory) and Kevin Rudd (former prime minister of Australia and president of the Asia Society)
Presented by James Kynge. Edwin Lane is senior producer. Josh Gabert-Doyon is producer. Manuela Saragosa is executive producer. Special thanks to Tom Griggs. Sound design is by Breen Turner, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.
News clips credits: CNBC
Check out stories and up-to-the-minute news from the FT’s technology team at ft.com/technology
For a special discounted FT subscription go to https://www.ft.com/techtonicsale
And check out FT Edit, the new iPhone app that shares the best of FT journalism, hand-picked by senior editors to inform, explain and surprise. It’s free for the first month and 99p a month for the next six months.
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: 'Everything Everywhere All at Once' with Daniels
This week, Lilah interviews Everything Everywhere All at Once directors Daniel Kwan and Daniel Scheinert, also known as Daniels. Their film, starring Michelle Yeoh and Jamie Lee Curtis, has received rave reviews for successfully combining genres from indie comedy to sci-fi to kung fu. Then our colleagues Leo Lewis and Eri Sugiura join us from Tokyo to explain Japan's succession crisis. Small and medium-sized companies employ 80 per cent of people in the country, but many owners’ children do not want to inherit the family business.
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
–Everything Everywhere All At Once is out now in the US. It will be released in the UK on Friday 13th May. The trailer is here: https://www.youtube.com/watch?v=wxN1T1uxQ2g
– You can follow Daniels on Twitter @daniels.
–Leo and Eri’s FT Magazine piece, ‘The pervasive succession crisis threatening Japan’s economy’: https://www.ft.com/content/dc5c19f7-5f4b-4bf5-809a-f46859fb5c39
–Leo Lewis’ piece on Japan’s ageing population and the plunging yen: https://www.ft.com/content/c18281da-3036-4b50-9757-334ad3a82620
–Eri Sugiura on Kyoto’s empty house tax, a story she broke in February about how Japan is dealing with a declining population https://www.ft.com/content/9b87824b-f9a2-4098-8f59-345e174ec736
– Leo is on Twitter at @Urbandirt, and Eri is at @SugiuraEri.
–Select coverage of the war in Ukraine is free to read at https://www.ft.com/freetoread
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Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast.
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco.
Hosted on Acast. See acast.com/privacy for more information.
London’s push to control the British Virgin Islands
Wall Street stocks suffered steep declines on Thursday with the Nasdaq’s biggest fall since 2020 and the Bank of England has warned that the UK economy will slide into recession this year. Plus, the FT’s Latin America editor, Michael Stott, explains why the British Virgin Islands is rejecting a push for direct rule from London.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Nasdaq tumbles 5% in sharpest fall since 2020
British Virgin Islands premier rejects direct rule from London
Bank of England warns of UK recession this year as it lifts interest rate
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Markets sing after Federal Reserve raises rates
The US Federal Reserve raised its benchmark policy rate by half a percentage point for the first time since 2000, the European Union is trying to ban almost all imports of Russian oil, and the FT’s Ben Hall explains why Russia is making nominal military progress in Ukraine.
Mentioned in this podcast:
Hungary holds up EU plan to ban imports of Russian oil
Fed implements first half-point interest rate rise since 2000
Military briefing: ‘anaemic’ Russian advance heralds long attrition war
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Draghi urges EU to abandon unanimity requirement
BP recorded its highest quarterly earnings in more than a decade, Italy’s prime minister, Mario Draghi, called on Brussels to abandon the requirement for unanimity on foreign policy decisions, and Biogen’s chief executive will step down following the disastrous launch of the company’s Alzheimer’s drug.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
BP’s bumper earnings stoke new calls for windfall tax
Mario Draghi calls for an end to EU unanimity on foreign policy decisions
Biogen chief steps down after Alzheimer’s drug flops
Tiger Global slumps more than 40% in first four months of 2022
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Federal Reserve poised to raise rates a half-percent
Amazon workers at a warehouse in New York have rejected efforts to form a union, the US Federal Reserve is poised to make its first half-percentage point rise since 2000, and Danish turbine maker Vestas reported bigger than expected losses and confirmed the impact of the war in Ukraine on the industry.
Mentioned in this podcast:
Amazon union dealt a setback as it loses vote at second NY warehouse
Fed reaches for its ‘hatchet’ as it attacks galloping inflation
Vestas warns war in Ukraine will add to wind industry slowdown
Shipping heavyweight Japan tables carbon tax proposal for the industry
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Italy’s tough new approach to Russia
Italy’s tough new approach to Russia marks one of the biggest foreign policy shifts in Europe in years, Germany has called for a phased-in ban on Russian oil imports into the EU, and investors have written to the boards of leading food companies to show shareholder concern about nutrition and obesity.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
EU steps up action on Russian oil sanctions
Revulsion at Ukraine War ends Rome’s old amity with Moscow
Investors push Nestlé and Kraft Heinz to set new health targets
ArcelorMittal successfully tests use of green hydrogen at Canadian plant
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US-China Tech Race: brave new world
In this episode of Tech Tonic, how a mysterious death in Belgrade prompted Serbia to embrace Chinese surveillance technology, raising concerns among Serbian human rights and privacy activists. They’ve been fighting back against the Serbian government’s use of Huawei facial recognition tech in public spaces. But Serbia is just one of many countries around the world that’s adopted this cutting-edge Chinese mass monitoring equipment. What does it tell us about the spread of Chinese influence around the world?
Presented by James Kynge, this episode features interviews with Danilo Krivokapic (director, Share Foundation), Andrej Petrovski (director of tech, Share Foundation), Stefan Vladisavljev (programme co-ordinator, Belgrade Fund for Political Excellence), Wang Huiyao (director, Beijing Center for Globalisation) and Wawa Wang (director, Just Finance).
Presented by James Kynge. Edwin Lane is senior producer. Josh Gabert-Doyon is producer. Manuela Saragosa is executive producer. Special thanks to Marton Dunai and Bojan Radic. Sound design is by Breen Turner, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.
Read James Kynge, Valerie Hopkins, Helen Warrell and Kathrin Hille’s previous reporting on Chinese surveillance tech in the Balkans: https://www.ft.com/content/76fdac7c-7076-47a4-bcb0-7e75af0aadab
News clips credits: PBS, CNBC, CGNT, DW, Moconomy, BBC
Check out stories and up-to-the-minute news from the FT’s technology team at ft.com/technology
For a special discounted FT subscription go to https://www.ft.com/techtonicsale
And check out FT Edit, the new iPhone app that shares the best of FT journalism, hand-picked by senior editors to inform, explain and surprise. It’s free for the first month and 99p a month for the next six months.
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Morality in the Twitter era. Plus: China’s language revolution
This weekend, we think about morality in the age of social media. According to writer Dan Brooks, we're great at pointing out where good is missing, but we’ve forgotten how to be good people. Then, Yale professor Jing Tsu tells us the story of how China standardised its complex language of 80,000 characters into something that could fit on a keyboard. It wasn’t easy, but it helped make the country the global digital superpower that it is today.
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– Dan Brooks’ FT Magazine piece, ‘What we need now that social media has fully weaponized morality’: https://on.ft.com/3LyIE9c
–The dreaded tweet that inspired Dan’s piece: https://twitter.com/mimismartypants/status/1498332885362823170
–Jing’s book is called Kingdom of Characters. The FT’s review is here: https://on.ft.com/3nJqzey
–Jing’s 2020 piece for the FT, ‘Why sci-fi could be the secret weapon in China’s soft-power arsenal’: https://on.ft.com/3y2WbBF
–Dan Brooks is on Twitter @dangerbrooks, and Jing Tsu is at @tsu_jing.
–Tech Tonic Season 3, about the US/China tech race, is available now. Listen wherever you get your podcasts, or at https://www.ft.com/tech-tonic
–Select coverage of the war in Ukraine is free to read at https://www.ft.com/freetoread
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Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast.
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The first US FT Weekend Festival is on Saturday, May 7 in Washington, DC! To attend virtually or in person, buy tickets at http://ft.weekendfestival.com – use the discount code FTFriends2022 for 50% off.
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Original music by Metaphor Music. Mixing and sound design by Tommy Bazarian.
Hosted on Acast. See acast.com/privacy for more information.
Yen sinks as dollar rises to 20-year high
The US dollar surged to its highest level in two decades on Thursday, the US economy contracted unexpectedly in the first quarter, Twitter admits an ‘error’ in audience figures for the past three years, and Amazon shares fell after the company said it expects revenue growth to remain sluggish.
Mentioned in this podcast:
Falling sales and high costs weigh down Amazon earnings
US economy contracts for first time since mid-2020
Dollar surges to highest level in 20 years
Twitter admits overstating audience figures for 3 years
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Putin’s economic war on Europe
EU leaders accused Moscow of “blackmail” over gas exports, and Spotify tries to distance itself from Netflix after reporting decent quarterly earnings. Plus, the FT’s Owen Walker explains how Credit Suisse shakes up its top executives to shake off mega scandals.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
European gas prices soar after Gazprom halts supplies to Poland and Bulgaria
Spotify chief distances music streaming group from Netflix
Credit Suisse overhauls top executive team
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China’s moves in the South Pacific
US tech stocks fell to their lowest level in more than a year, the Brexit trade deal has caused a “steep decline” in UK trade with the EU, Chinese businesses have scoured the globe for important strips of land including islands in the South Pacific.
Mentioned in this podcast:
Alphabet earnings decline as online advertising momentum slows
UK-EU trade relationships tumble after Brexit
The Chinese companies trying to buy strategic islands
US steps up efforts to court Solomon Islands after China security deal
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Twitter CEO Elon Musk?
EU member states are looking at whether to impose a ceiling on what they would pay for Russian oil as a way to hit Kremlin revenues, Twitter’s board has accepted a roughly $44bn offer to sell the company to Elon Musk that would result in the world’s richest man seizing control of the influential social media platform, and French President Emmanuel Macron faces much tougher challenges in his second term in office.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
EU weighs cap on price paid for Russian oil as way to hit Kremlin revenues
Twitter accepts Elon Musk’s $44bn takeover offer
Macron faces a complex economic juggling act
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Emmanuel Macron elected to second term as French president
Emmanuel Macron has been elected for a second term as president of France, the EU will force Big Tech to police content online more aggressively after approving a major piece of legislation, and Sri Lanka is working with the major multilateral agencies on ways to salvage the country from the current economic meltdown
Mentioned in this podcast:
EU approves groundbreaking new rules to police Big Tech
Emmanuel Macron set to be re-elected in France
UN asks Sri Lanka to negotiate ‘debt-for-nature’ swaps to ease economic meltdown
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US-China Tech Race: Shock and Awe
In the latest episode of this Tech Tonic season about US-China tech rivalry, the FT’s US-China correspondent Demetri Sevastopulo tells the inside story of his scoop on China’s secret hypersonic weapon test and how it changed geopolitics. We hear about the new space race between China and the US, including powerful satellite-destroying missiles and the pursuit of commercial space capabilities. Could China and the US ever co-operate on space exploration or are we seeing the dawn of a new space race?
Presented by James Kynge, the FT’s global China editor, this episode features interviews with US congressman Mike Gallagher; Todd Harrison, director of the Aerospace Security Project at the Center for Strategic and International Studies; and Robert Zubrin, president of the Mars Society.
Check out stories and up-to-the-minute news from the FT’s technology team at ft.com/technology
For a special discounted FT subscription go to https://www.ft.com/techtonicsale
And check out FT Edit, the new iPhone app that shares the best of FT journalism, hand-picked by senior editors to inform, explain and surprise. It’s free for the first month and 99p a month for the next six months.
Hosted by James Kynge. Interview with congressman Mike Gallagher conducted by Demetri Sevastopulo. Edwin Lane is senior producer. Josh Gabert-Doyon is producer. Manuela Saragosa is executive producer. Sound design is by Breen Turner, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: The good life, with chefs Daniel Humm and Alice Waters
This weekend we’re returning to the first-ever episode of the FT Weekend podcast, from September. Lilah talks to Eleven Madison Park’s Daniel Humm and Chez Panisse’s legendary Alice Waters to discover how the world’s top chefs are finding purpose beyond their restaurants. Humm created a buzz in May when he announced that his world-famous restaurant would be going entirely plant-based. Has that risk paid off? And what does it mean to do good as a chef?
Plus: the FT’s design critic Edwin Heathcote gives us a tour of the world’s most vengeful architecture, and reporter Madison Darbyshire shares tips for how to furnish your home with old things.
Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast.
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The first US FT Weekend Festival is on Saturday, May 7 in Washington, DC! To attend virtually or in person, buy tickets at http://ft.weekendfestival.com – use the discount code FTFriends2022 for 50% off.
Links from the episode
Lilah’s piece on chefs: https://www.ft.com/content/246cdc2a-f135-4d3d-9d74-e524e9217699
Edwin on the architecture of spite: https://www.ft.com/content/1161fbbe-5ae1-4328-bf59-dcd8b1d6564f
Madison’s masterclass in flea-market chic: https://www.ft.com/content/6c8bf8a2-ddee-11e9-9743-db5a370481bc
Sound design and mixing is by Breen Turner, with original music by Metaphor Music.
Hosted on Acast. See acast.com/privacy for more information.
Introducing: the FT Climate Game
Elon Musk unveiled a $46.5bn financing package to fund his takeover bid for Twitter, Netflix lost close to 40 per cent of its market value after revealing that its once-blistering subscriber growth had gone into reverse, Fed Chair Jay Powell signalled the Fed could raise rates by a half point in May, the FT’s Climate Game allows players to try and save the planet from the worst effects of climate change.
Mentioned in this podcast:
Elon Musk unveils $46.5bn financing package to fund Twitter bid
No, you did not see the Netflix mess coming
Powell signals Fed is prepared to raise rates by a half-point in May
Bill Ackman sells entire Netflix stake at roughly $400mn loss
The climate game: can you reach net zero by 2050?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Algeria struggles to meet Europe’s rising demand for gas
FT correspondents provide insight on the latest developments in Ukraine, why Algeria cannot supply more energy to meet Europe’s demand, and US airlines respond to a judge’s decision to strike down a mask mandate for transport.
Mentioned in this podcast:
Mexico nationalises lithium in populist president’s push to extend state control
Algeria struggles to meet rising demand for its gas after Russian invasion of Ukraine
Covid travel mask ruling threatens to tie CDC’s hands on future pandemics
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Who will back Elon Musk?
Elon Musk’s $43bn bid to take Twitter private is struggling to draw interest from private equity groups, Netflix shares tumbled on Tuesday after its first quarter earnings report, and the International Monetary Fund has cut its global growth forecast. Plus, the journalist Neri Zilber explains how Israel is handling an influx of immigrants leaving their countries because of the war in Ukraine.
Mentioned in this podcast:
Big buyout groups rule out writing equity cheque for Musk’s $43bn Twitter bid
Netflix sheds subscribers for the first time in a decade
IMF cuts global growth forecast to 3.6% as Ukraine war hits neighbours hard
Ukraine conflict sparks biggest influx of immigrants to Israel in decades
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US Treasury ‘real yields’ about to eclipse inflation expectations
Bank of America gave a bullish revenue outlook as the second-largest US lender reported better than expected earnings, and Mexico’s opposition politicians helped defeat a radical energy reform bill backed by President López Obrador. Plus, the FT’s Eric Platt explains why real yields on US treasury bonds are nearing positive territory and what it means for other financial markets.
Mentioned in this podcast:
Fed policy tightening sends US ‘real yields’ to brink of positive territory
BofA offers rosy revenue outlook as lending rebound boosts results
Mexican president’s radical energy reform defeated in congress
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A year after Greensill Capital’s collapse
Many people with lingering symptoms of Covid-19 struggle to work or have been forced to leave the workforce entirely. Plus, the FT’s capital markets correspondent, Robert Smith, talks about the lessons learned from the collapse of Greensill Capital a year later.
Mentioned in this podcast:
Long Covid: the invisible public health crisis fuelling labour shortages
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US-China Tech Race: Chips with Everything
Our latest season of Tech Tonic continues, with a deep dive into the semiconductor industry and Taiwan’s unique position as a bastion of computer-chip talent. James Kynge, the FT’s global China editor, looks into the unintended consequences of the race for semiconductor dominance.
We hear from Chad Duffy, a Taipei-based cybersecurity expert who helped uncover a major hack on Taiwanese semiconductor manufacturers. James talks to Dan Wang, an analyst with the Shanghai-based Gavekal Dragonomics, about China’s chip strategy, and Stephen Orlins, a rare dissenting voice in Washington who questions the efficacy of a US blacklist of Chinese tech companies desperate for US-designed chips. Plus, Annie Ting-Fang and Lauly Li, who cover the semiconductor industry for Nikkei Asia, give us the inside track on how China has been scooping up Taiwanese semiconductor engineers.
Check out stories and up-to-the-minute news from the FT’s technology team at ft.com/technology
For a special discounted FT subscription go to https://www.ft.com/techtonicsale
And check out FT Edit, the new iPhone app that shares the best of FT journalism, hand-picked by senior editors to inform, explain and surprise. It’s free for the first month and 99p a month for the next six months.
Presented by James Kynge. Edwin Lane is senior producer. Josh Gabert-Doyon is producer. Manuela Saragosa is executive producer. Sound design is by Breen Turner, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.
News clips credits: CNBC
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: The story behind one of reggae’s most sampled songs
This week, we bring our classic Life of a Song series to your ears, with the dramatic story behind 'Bam Bam', Sister Nancy's reggae dancehall classic. Despite being one of the most sampled reggae tracks of all time, it didn't make Sister Nancy a penny for more than 30 years, Alice Kemp-Habib tells us. Then, undercover economist Tim Harford teaches us how to think about failure. What can we learn from an early 2000s Broadway flop that went on to win a Tony award?
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
–Life of a Song, ‘Bam Bam – said to be the most sampled reggae track of all time’: https://ig.ft.com/life-of-a-song/bam-bam.html
–To learn more about reggae and dancehall music, Alice recommends Inna de Yard: Soul of Jamaica (2019) directed by Peter Webber. Here’s the Spotify playlist
–Tim’s podcast is called Cautionary Tales. Listen wherever you get your podcasts, or at https://www.pushkin.fm/show/cautionary-tales/
–Tim’s latest Undercover Economist column for FT Magazine, ‘The lesson humble sea urchins offer about resilience’: https://on.ft.com/3Ectq6S
–Volumes 1 and 2 of The Life of A Song: The fascinating stories behind 50 of the world’s best loved songs are available in bookshops. A paperback of both volumes together will be out in August.
–Alice is on Twitter at @Alice_Khabib. Tim is on Twitter at @TimHarford.
–Key coverage of the war in Ukraine is free to read at https://www.ft.com/freetoread
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Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast.
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The first US FT Weekend Festival is on Saturday, May 7 in Washington, DC! To attend virtually or in person, buy tickets at http://ft.weekendfestival.com – use the discount code FTFriends2022 for 50% off.
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Original music by Metaphor Music. Mixing and sound design by Breen Turner.
Clips from:
”Bam Bam," courtesy Observer Music
”Le’ts Go to Zion," courtesy Studio One Records
”Zungguzungguguzungguzeng," courtesy Greensleeves Records
“Revolution," courtesy VP Records
“Tear Off Mi Garment," courtesy UMG Recordings
“Scenes From an Italian Restaurant,” courtesy BMG Music Entertainment
Hosted on Acast. See acast.com/privacy for more information.
Is the US headed for a recession?
US president Joe Biden announced yesterday he would send $800mn in additional military aid to Ukraine, the FT’s John Paul Rathbone outlines Russia’s changing military strategy, and our US financial commentator, Robert Armstrong, unpacks the debate over whether the US economy is heading into a recession.
Mentioned in this podcast:
Recession whispers grow louder
Military briefing: Ukraine and Russia prepare for defining Donbas battle
US to provide $800mn in new military aid to Ukraine
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Volkswagen’s U-turn
Stockpiles of some of the world’s most important industrial metals have dropped to critically low levels, US banks start reporting quarterly earnings today and Boris Johnson has become the first British prime minister to commit a criminal offence. Plus, the FT’s Frankfurt correspondent, Joe Miller, explains why Volkwagen is pivoting its strategy away from growth and toward profit.
Mentioned in this podcast:
Metal stockpiles shrink as energy prices hit production
US banks set for big hit to revenues as dealmaking dries up
VW to scrap dozens of models to focus on profitability
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The rise of conservative shareholder activism
Investors are bracing for another tough report on US inflation, Putin’s war in Ukraine has sparked an exodus of educated professionals from Russia and could worsen the country’s population decline, and conservative shareholder activists in the US have filed a record number of proposals this year as they try to counter what they call “woke-ism” in corporate America.
Mentioned in this podcast:
Ukraine war threatens to deepen Russia’s demographic crisis
Political proxies: conservative activists file record shareholder proposals
Epic Games secures $2 bn in funding from Lego and Sony to build gaming metaverse
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
A French presidential election rematch
Incumbent Emmanuel Macron and far-right candidate Marine Le Pen will advance to the final round of voting after yesterday’s first round of the French presidential election, and Stefania Palma explains the big themes that have emerged from the 1MDB scandal. Plus, the FT’s Asia financial correspondent, Tabby Kinder, explains why China is changing its audit secrecy rules.
Mentioned in this podcast:
Emmanuel Macron to face Marine Le Pen in French election run-off
Ex-Goldman banker Roger Ng found guilty in 1MDB fraud trial
China changes audit secrecy rules in bid to stop US delistings
Imran Khan ousted as Pakistan’s leader in vote of no confidence
The French election webinar: Race to the Finish
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
US-China Tech Race: Spies and Lies (Part Two)
In the second episode of this season of Tech Tonic, James Kynge, the FT’s Global China Editor, asks how significant Chinese intellectual property theft has been to the country’s rise as a global tech superpower.
We hear from an FBI agent based in Silicon Valley whose job is to prevent the theft of trade secrets, and ask whether China’s ‘talent programmes’, under which Beijing funds scientists and engineers around the world, are actually spy recruitment networks or whether they are genuine attempts to lure home professionals and plug China’s talent gap. Experts are warning the growing distrust between the US and China could put the future of scientific and technological exchange at risk.
Featuring interviews with Nick Shenkin, FBI special agent and director of the Strategic Technology Task Force for the FBI's San Francisco field office; an interview between the FT’s Demetri Sevastopulo and Michael Orlando, acting director of the US National Counterintelligence and Security Center; Rui Ma, China tech analyst and creator of the Tech Buzz China podcast; Wang Huiyao, founder and president of Center for China and Globalization in Beijing; Winston Ma, author and adjunct professor at the NYU law school; and Gisela Kusakawa, assistant director at the Anti-Racial Profiling Project at Asian Americans Advancing Justice.
Check out stories and up-to-the-minute news from the FT’s technology team at ft.com/technology
For a special, discounted FT subscription, go to https://www.ft.com/techtonicsale
And check out FT Edit, the new iPhone app that shares the best of FT journalism, hand-picked by senior editors to inform, explain and surprise. It’s free for the first month and 99p a month for the next six months.
Presented by James Kynge. Interview with Michael Orlando conducted by Demetri Sevastopulo. Edwin Lane is senior producer. Josh Gabert-Doyon is producer. Manuela Saragosa is executive producer. Sound design is by Breen Turner, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.
News clips credits: NBC, Global News, Micron, The Oregonian
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: How Cameo is changing celebrity. Plus: designing your home
This weekend, we delve into the world of celebrity via the app Cameo. What does it mean that we can now pay celebrities to send us personalised video greetings? And how has our interaction with famous people shifted over the last decade? Lilah talks to gaming critic Tom Faber about the ethics and absurdities of fame in 2022. Then, interior design columnist Luke Edward Hall gives us his top tips on making your home really feel like yours.
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
–Tom Faber on Cameo: https://on.ft.com/3FIF7kF
–Luke Edward Hall on the magic of your own murals: https://on.ft.com/3jjN4UY
–Luke’s five design principals: https://on.ft.com/2OZGXcH
–Luke Edward Hall is on Instagram at @lukeedwardhall, and Tom Faber is on Twitter at @_TomFaber
–Key coverage of the war in Ukraine is free to read: https://www.ft.com/freetoread
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Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast. If you have an iPhone and want to try FT Edit, search ‘FT Edit’ in the app store.
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The first US FT Weekend Festival is on Saturday, May 7 in Washington, DC. To attend virtually or in person, buy tickets at http://ft.weekendfestival.com – use the discount code FTFriends2022 for 10% off.
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Original music by Metaphor Music. Mixing and sound design by Breen Turner.
Hosted on Acast. See acast.com/privacy for more information.
Will sanctions create a backlash against the dollar?
French bank shares and bonds were rattled this week after the recent poll showed stronger results for right-wing French presidential candidate, Marine Le Pen.
Aluminium producer Rusal became the first Russian company to publicly call for an investigation into the alleged war crimes in the Ukrainian town of Bucha, and FT markets editor, Katie Martin, discusses whether sanctions against Russia might affect the global dominance of the US dollar.
Mentioned in this podcast:
Le Pen’s poll surge rattles French bonds and bank stocks
Russian aluminium producer Rusal calls for Bucha war crimes investigation
Financial warfare: will there be a backlash against the dollar?
FTNB: Russia’s war on Ukraine boosts China’s financial ambitions
Ketanji Brown Jackson confirmed for US Supreme Court seat
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Did AutoX risk safety to look good for investors?
The US has imposed its most severe level of sanctions on Russia’s Sberbank and Alfa-Bank, and Brazil might have finally settled on a chief executive for Petrobras. Plus, the FT’s China correspondent, Eleanor Olcott, spoke to staff at a Chinese autonomous vehicle company who say AutoX conducted risky test drives in a push for better data and investment.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
US imposes ‘severe’ sanctions on Russian banks after Bucha atrocities
Petrobras faces fresh turmoil as Brazilian government’s pick for chief withdraws
Why Chinese driverless car company AutoX disengaged its safety features
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Shanghai lockdown forces bankers to camp in offices
US and eurozone government debt sold off on Tuesday as traders weighed the prospect of stronger sanctions against Russia and comments from a top policymaker at the Federal Reserve signalling more aggressive action, President Joe Biden announces US, UK and Australia co-operation on hypersonic weapons, and in China’s financial hub, Shanghai, there are signs of growing public anger at the government’s stringent zero-Covid lockdown measures.
Mentioned in this podcast:
Government debt hit as traders weigh prospect of further Russia sanctions
Biden to announce US, UK and Australia co-operation on hypersonic weapons
Shanghai extends Covid lockdown measures despite economic concerns
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Atrocities prompt more calls to ban Russian energy
The venerable venture capital firm, Sequoia Capital, has announced a change in leadership, Elon Musk has bought a nearly-10 per cent stake in Twitter, French president Emmanual Macron has called for a ban on Russian oil and coal.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
EU moves closer to boycott of Russian energy
Twitter/Elon Musk: social media star becomes social media owner
Huawei faces dilemma over Russia links that risk further US sanctions
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
EU prepares new sanctions after reports of Russian atrocities
EU prepares more sanctions against Russia after apparent atrocities near Kyiv, French president Emmanuel Macron has warned his supporters not to assume that he will win a second term in this month’s election, and international auditors are resigning from China’s heavily indebted property developers.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
EU prepares more sanctions against Russia after apparent atrocities near Kyiv
Big Four under growing pressure as Chinese developers delay audits
France votes: Macron’s frontrunner status conceals deep rifts in society
Limited offer: 50 per cent off a digital subscription to FT.com
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Tech Tonic, the US-China Tech Race: Spies & Lies (Part One)
In the first episode of this season’s six-part series, the FT’s Global China Editor James Kynge tracks China’s dramatic transformation from the manufacturing workshop of the world to the next global superpower. The driver of that change is technology, sparking a battle between China and the US over who will dominate. Numerous ethnic Chinese scientists working in the US have found themselves ensnared in this bitter rivalry, including US-based physics professor Xiaoxing Xi, wrongly accused of industrial espionage, amid accusations that China’s tech prowess has been built on the theft of US innovation. How deep is the rift between the two countries over tech and what does that mean for the world?
Check out stories and up-to-the-minute news from the Technology team at ft.com/technology
Get 50% off an FT subscription at ft.com/briefingsale
And check out FT Edit, the new iPhone app that shares the best of FT journalism, hand-picked by senior editors to inform, explain and surprise. It’s free for the first month and 99p a month for the next six months.
Presented by James Kynge. Edwin Lane is senior producer. Josh Gabert-Doyon is producer. Manuela Saragosa is executive producer. Sound design is by Breen Turner, with original music from Metaphor Music. The FT's head of audio is Cheryl Brumley.
News clips credits: CNBC, CGTN America, NBC
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Poet Maria Stepanova. Plus, Inside the FT newsroom
This week, guest host Marc Filippino discusses the FT's war coverage in Ukraine with our Editor, Roula Khalaf. How does a news organisation make decisions during wartime? Then Marc talks with Maria Stepanova, author of In Memory of Memory, which was short-listed for the Booker Prize last year. Maria tells us why so many intellectuals are leaving Russia and what it’s like to be Russian and against the war.
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Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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The first US FT Weekend Festival is on Saturday, May 7 in Washington, DC. To attend virtually or in person, buy tickets at http://ft.weekendfestival.com – use the discount code FTFriends2022 for 10% off.
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Links and mentions from the episode:
–Key coverage of the war in Ukraine is free to read: https://www.ft.com/content/77ab8dcf-cb02-4e57-aff0-85c8a84f5a1f
-In late March the FT published an exchange on NATO’s red lines between our Chief Economics Commentator Martin Wolf and Chief Foreign Affairs Commentator Gideon Rachman: https://www.ft.com/content/7640ea89-cc1f-4e41-a64f-95e88de19454
–Maria Stepanova, ‘The War of Putin’s Imagination’: https://www.ft.com/content/c2797437-5d3f-466a-bc63-2a1725aa57a5
–Maria’s International Booker Prize shortlisted novel is called ‘In Memory of Memory.’ Here’s a quick review we ran when it first appeared in English: https://www.ft.com/content/bad0513d-f67c-4e0e-9b2d-962040fa6422
–This weekend’s FT Magazine cover story, ‘21 days in Ukraine: a diary’: https://www.ft.com/content/391232c8-b05c-480f-a189-4e9e21d1bd4a#comments-anchor
–You can also keep up with FT coverage by following @financialtimes on Instagram and Twitter.
–Marc Fillipino is on Twitter at @mfilippino and hosts the FT News Briefing. You can listen at the following link, or by searching for ‘FT News Briefing’ wherever you get your podcasts: https://www.ft.com/ft-news-briefing
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Original music by Metaphor Music. Mixing and sound design by Garrett Tiedemann.
Hosted on Acast. See acast.com/privacy for more information.
Biden’s move to lower oil prices
The White House announced a “historic release” of about 180mn barrels of oil from the US emergency stockpile in an attempt to cool oil prices, and the two-year Treasury yield this week rose above the 10-year Treasuries for the first time since 2019. FT markets editor, Katie Martin, explains what this signals for the US economy.
Mentioned in this podcast:
US orders biggest ever release from Strategic Petroleum Reserve
US yield curve inverts in possible recession signal
US bonds: don’t fret about inversion yet
Limited offer: 50 per cent off a digital subscription to FT.com
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Russia squeezes Germany over gas
SoftBank will slow down further investments amid a scramble for cash, journalist and “Putin’s People” author Catherine Belton talks about the impact sanctions are having on Russian oligarchs. Plus, the FT’s Frankfurt bureau chief, Martin Arnold, talks about Russia’s threat to halt gas shipments to Germany and what that could do to the German economy.
Mentioned in this podcast:
Softbank to slow investments after crash in tech holdings
Germany takes step towards gas rationing over payments standoff with Russia
Journalist Catherine Belton on Rachman Review podcast
Limited offer: 50 per cent off a digital subscription to FT.com
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The global impact of Putin’s war
Russia has decided to “dramatically” scale back its military activities in the Kyiv area, and Barclays faces a £450mn hit after the bank mistakenly issued $15bn-worth more of financial products in the US than it had permission to do so. Plus, the FT’s chief economics commentator, Martin Wolf, explains how the war in Ukraine is further disrupting the global economy.
Mentioned in this podcast:
Russia says it will ‘dramatically reduce’ military activity around Kyiv
The VXX plot thickens with Barclays’ £450m structured notes loss
Putin’s war demands a concerted global economic response
Limited offer: 50 per cent off a digital subscription to FT.com
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Can the Kremlin track me?
Russia’s biggest internet company has embedded code into apps found on mobile devices that allows information about millions of users to be sent to servers located in the country, the yen dropped to a seven-year low on Monday as the Bank of Japan bucked the global trend for tighter monetary policy, and China’s patchy vaccination campaign has left half of its elderly population exposed to a higher risk of severe Covid-19.
Mentioned in this podcast:
Russian tech giant’s data harvesting raises security concerns
Yen hits 7-year low after Bank of Japan sticks to stimulus
China’s patchy vaccine campaign leaves half of older citizens at risk
Limited offer: 50 per cent off a digital subscription to FT.com
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Introducing Tech Tonic: The US/China Tech Race
Hosted on Acast. See acast.com/privacy for more information.
The US-China technology rivalry heats up
HSBC has repeatedly edited its analysts’ research publications to remove references to a “war” in Ukraine, the US has denied that it is seeking to overturn Vladimir Putin’s regime, Plus, the FT’s Global China Editor explores how the bitter hi-tech war between the US and China is playing out.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
US denies it is seeking regime change in Moscow
HSBC cut mentions of Ukraine ‘war’ from analyst reports
Limited offer: 50 per cent off a digital subscription FT.com
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Art in times of war, plus Anish Kapoor
This weekend, guest host Taylor Nicole Rogers talks to Ukrainian filmmaker Iryna Tsylik, director of the documentary The Earth is Blue as an Orange. It won a major directing award at Sundance in 2020 and has now become one of the films being used to explain the current war in Ukraine around the world. The film was shot in 2017 in a disputed area of eastern Ukraine, and focuses on a family making home movies during the conflict. Iryna reflects on the power of art now that she’s had to flee her own home. Then we hear from Louis Wise, who recently interviewed the sculptor Anish Kapoor about his grand plans for this year's Venice Biennale.
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Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap. You can also keep up with FT coverage by following @financialtimes on Instagram and Twitter.
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The first US FT Weekend Festival is on Saturday, May 7 in Washington, DC. To attend virtually or in person, buy tickets at http://ft.weekendfestival.com – use the discount code FTFriends2022 for 10% off.
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Links and mentions from the episode:
–Key coverage of the war in Ukraine is free to read: https://www.ft.com/content/77ab8dcf-cb02-4e57-aff0-85c8a84f5a1f
–Iryna Tsylik’s documentary, ‘The Earth is Blue as an Orange’ https://www.sundance.org/projects/the-earth-is-blue-as-an-orange
– Iryna writes public updates using her Facebook account here: https://www.facebook.com/ira.tsilyk
–Louis Wise on Anish Kapoor: https://www.ft.com/content/6a371cb7-9042-4f6f-8cc3-5a7f0f8444ad
–Louis is on Instagram @louisquinze
–Jan Dalley, ‘Is it right to cancel Russian artists?’ https://www.ft.com/content/c5b1a01a-dc5b-41a6-a941-2480d2123fe9
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Tommy Bazarian.
Hosted on Acast. See acast.com/privacy for more information.
Bargain hunting for bonds in Russia and Ukraine
The US is finalising a plan to supply the EU with up to 15bn additional cubic metres of liquefied natural gas by the end of 2022, Russian shares rose as the Moscow exchange partially reopened, hedge funds search for bargains in Russian and Ukrainian bonds, and Toshiba shareholders vote down management’s plan to split the famous industrial conglomerate in two.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
US to boost supplies of liquefied natural gas to EU
Russian shares rise as Moscow stock market reopens
Hedge funds search for bargains in Russian and Ukrainian bonds
Toshiba shareholders reject management plan to split the company
Twitterspaces discussion: A look inside Putin’s inner circles
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Ukraine’s army of volunteers
Oil exports from a crucial pipeline on Russia’s Black Sea coast were fully halted on Wednesday, Vladimir Putin said Russia will begin to invoice European gas buyers in roubles, and writer Tim Judah talks about Ukraine’s many volunteer armies, and the FT revealed that Archegos Capital Management quietly amassed a stake in Deutsche Bank after its founder Bill Hwang forged ties with the German lender’s leaders before the family office imploded last year.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Major Russian pipeline fully halts exports, sending crude higher
Russia to switch gas invoicing to roubles for European buyers
At the gateway to Kyiv: Ukrainians dig in to resist Russia’s onslaught
Scoop: Archegos quietly built stake in Deutsche Bank
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Dispatch from Kyiv
Writer Tim Judah talks about life in Kyiv as Russian forces advance on suburbs of Ukraine’s capital, and the FT’s Money Clinic host Claer Barrett talks about gold as a safe haven in times of uncertainty.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Body bags, burning buildings and buzz cuts for soldiers: how Kyiv is surviving
Money Clinic with Claer Barrett: Is Gold the Safest Place to Invest?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Why some Western companies are staying in Russia
Moscow reopens markets, Pakistanis face crippling inflation and their prime minister Imran Khan faces a no confidence vote, Nestlé justifies staying in Russia as criticism mounts.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Russia’s local bonds drop as Moscow takes first steps towards reopening markets
US government bond market suffering worst month since Trump elected
Nestlé justifies staying in Russia as criticism mounts
Pakistan: Imran Khan and the politics of inflation
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Panicked Russian consumers stock up on staples
Germany said it sealed a long-term agreement with Qatar for liquefied natural gas supplies, prices on many products in Russia have shot up as sanctions blow a hole in Russia’s economy, EU lawmakers are set to finalise new rules for leading technology companies despite heavy lobbying by Big Tech, and a key player in the chip industry warns of a two-year shortage of critical equipment.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Germany says its clinched long term gas deal with Qatar
Price surges and panic buying: Russia’s war empties shelves and wallets
How Big Tech lost the antitrust battle in Europe
Chipmakers face two year shortage of critical equipment
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: How Russia weaponizes disinformation
This weekend, we discuss the power of disinformation, and how Russia has been using it in Ukraine. We are joined by Natalia Antelava, who has reported in Ukraine and Eastern Europe for years. Natalia is editor-in-chief of the popular news website called Coda Story, which focuses on global digital crises, and has been closely covering Putin’s disinformation machine in Ukraine and beyond. We step back and examine the narratives Russia has used since 2014 to confuse, distort, and spread lies.
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
–Key coverage of the war in Ukraine is free to read: https://www.ft.com/content/77ab8dcf-cb02-4e57-aff0-85c8a84f5a1f
–Coda Story, Natalia’s news website: https://www.codastory.com/
-Coda’s Disinformation Matters newsletter: https://www.codastory.com/newsletters/disinfo-matters-newsletters/
– Natalia is on Twitter @antelava. You can also keep up with FT coverage by following @financialtimes on Instagram and Twitter.
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The first US FT Weekend Festival is on Saturday, May 7 in Washington, DC. To attend virtually or in person, buy tickets at http://ft.weekendfestival.com – use the discount code FTFriends2022 for 10% off.
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Original music by Metaphor Music. Mixing and sound design by Breen Turner
Clips this week from Euronews, CNN and the BBC
Hosted on Acast. See acast.com/privacy for more information.
The Great Nickel Pickle
The US secretary of state has poured cold water on hopes of a diplomatic settlement to the war in Ukraine, saying there were no signs Vladimir Putin was “prepared to stop” Russia’s invasion of its neighbour, JPMorgan has processed interest payments sent by the Russian government for two of the country’s bonds, and the London Metal Exchange suspended electronic trading in nickel on Wednesday, just after it reopened for business following a week-long shutdown.
Mentioned in this podcast:
US pours cold water on hopes of a Ukraine settlement
Russia edges closer to averting default as JPMorgan processes bond payment
London Metal Exchange suffers fresh glitch during nickel trading
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Federal Reserve finally raises rates
The Federal Reserve has lifted its benchmark interest rate by a quarter of a percentage point, Europe’s largest energy traders have called on central banks for help to avert a cash crunch, and the FT’s Tom Mitchell discusses the rising cost of Beijing’s loyalty to Moscow.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Fed announces first rate rise since 2018 amid surging inflation
China makes rare intervention to bolster confidence after market rout
The rising cost of China’s friendship with Russia
Energy traders call for ‘emergency’ central bank intervention
Twitter Space: China’s involvement in the war in Ukraine
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
EU and UK impose new sanctions on Russian oligarchs
Oil prices fell and share indices in Hong Kong and China dropped amid investor jitters over potential lockdowns and their economic impact, German prosecutors have charged a key player in the Wirecard fraud scandal, the UK and EU have levelled new sanctions on Russian oligarchs.
Mentioned in this podcast:
EU and UK hit Roman Abramovich and other oligarchs with new sanctions
Pakistan presses ahead with Russian-built gas pipeline
China shares fall sharply on concerns over Covid outbreak and Ukraine war
Former Wirecard chief executive charged with fraud
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Biden turns to autocrats for oil
US stocks dip lower on concerns over this week’s Federal Reserve meeting, a star witness in the 1MDB corruption trial has wrapped up testimony in a Brooklyn courthouse, and US president Joe Biden is courting Venezuela and re-engaging with Saudi Arabia to overcome his oil sanctions against Moscow.
Mentioned in this podcast:
US government bond prices drop ahead of Federal Reserve meeting
Tim Leissner’s testimony in 1MDB trial shines light on vast fraud
Having frozen out Putin, Biden is warming to other autocrats
Germany to buy US F-35 jets in first big deal since defence budget boost
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Russian banks hobbled by sanctions
US officials say Moscow has asked Beijing for military equipment to support its invasion of Ukraine, Ukraine’s army celebrates its Turkish drones but Ankara plays down weapons sales to appease Moscow, Russia has ratcheted up the chances that it will default on its debt with a threat to pay international bondholders in roubles rather than dollars, and sanctions are forcing Russian banks to abandon global ambitions and focus on survival.
Mentioned in this podcast:
US claims Russia has asked China for military help in invasion of Ukraine
Russia threatens to make external debt payments in roubles
Turkey is trying to carve out role as a mediator between Kyiv and Moscow
Russia’s banks turn from global ambitions to survival
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Understanding Ukraine’s identity. Plus, the Oscars
This weekend, we speak with Ukrainian journalist Olga Tokariuk, who is currently in western Ukraine. Olga reflects on how Ukrainians forged the resolve they are showing now in the fight against Russia. She shares how Ukraine’s identity has shifted and strengthened over the past 30 years since its independence, especially in the seven years since the Maidan revolution. Then, FT film critic Danny Leigh joins us to discuss this year's Oscars nominees, from ‘Power of the Dog’ to ‘Don't Look Up’. With a drop in viewership over the years, it seems the Academy is scrambling to make us care. But should we?
Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
--------------
The first US FT Weekend Festival is on Saturday, May 7 in Washington, DC. To attend virtually or in person, buy tickets at http://ft.weekendfestival.com – use the discount code FTFriends2022 for 10% off.
--------------
Links and mentions from the episode:
–Key coverage of the war in Ukraine is free to read: https://www.ft.com/content/77ab8dcf-cb02-4e57-aff0-85c8a84f5a1f
–Olga is on Twitter @olgatokariuk. You can also keep up with FT coverage by following @financialtimes on Instagram and Twitter.
–Mary Elise Sarotte on Ukraine’s history since 1991: https://www.ft.com/content/742f15fc-675a-4622-b022-cbec444651cf
–Danny’s roundup of this year’s Oscars nominees: https://www.ft.com/content/d9000eb2-11ec-40af-aa8f-2e5f654bde4e
–Danny’s review of Power of the Dog: https://www.ft.com/content/8f2af17e-cad5-4fc6-9ea7-68e5402dda5d
–Lilah made a Hark list of some of our favorite moments from the show so far, which you can listen to here https://short.harkaudio.com/3pwwAMH
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Hannis Brown.
Hosted on Acast. See acast.com/privacy for more information.
Poland welcomes Ukrainian refugees
US consumer price growth approached 8 per cent last month ahead of a surge in energy prices following Russia’s invasion of Ukraine, and the war in Ukraine is causing energy bills to skyrocket in the UK. Plus, the FT’s central European correspondent, James Shotter, talks about his reporting on the flood of Ukrainian refugees into Poland and how Poles are responding.
Mentioned in this podcast:
Tears of relief on Polish border as flow of refugees inches to safety
US inflation reaches 7.9% in February hitting new 40-year high
ECB scales back stimulus plan as Ukraine war drives up inflation expectations
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Ukraine war boosts Macron’s re-election chances
EU leaders prepare to meet in Versailles today for a summit aimed at a unified response to the war in Ukraine, and Citigroup is having a hard time selling its retail bank in Russia. Plus, the FT’s Paris bureau chief Victor Mallet explains how the Ukraine war is boosting Emmanuel Macron’s re-election chances.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
EU struggles to deepen unity on defence and energy
Citigroup ‘running out of options’ in push to sell Russian bank
A home run’: Ukraine war boosts Emmanuel Macron’s re-election chances
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The stalled green transition
The US and UK banned Russian oil and gas imports on Tuesday to punish Moscow for invading Ukraine, the stalled green revolution, and Russians are fleeing the country.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Biden bans US imports of Russian oil and gas in attempt to punish Putin
Curbs on Russian exports raise risk of oil shock and recession in Europe
Will the Ukraine war derail the green energy transition?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Russia’s war on Ukraine boosts China’s financial ambitions
Oil and natural gas prices see-sawed as global stocks fell on Monday after a US push to ban Russian crude faced German resistance, the US Treasury warns banks to be on high alert for sanctions evasion, sanctions on Russia could aid Beijing’s efforts to internationalise the renminbi, and Levi Strauss said it is halting its business in Russia.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Markets rattled by push for Russian oil ban
How the Ukraine war could boost China’s global finance ambitions
US warns banks to be on high alert for Russia sanctions evasion
Levi Strauss halts business in Russia
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Russia’s war on Ukraine adds more turmoil to global shipping
Russia’s invasion of Ukraine is fueling the ‘fastest growing refugee crisis in Europe since second world war,’ according to the UNHCR; the White House has reversed its position and now is talking with European partners about a ban on Russian oil, and sanctions on Russia have unleashed a renewed wave of disruption for strained global supply chains.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Ukraine invasion fuels ‘fastest growing refugee crisis in Europe since second world war’
US in ‘active discussions’ over Russian oil import ban as Moscow targets Ukraine urban centres
Russia demands US guarantees over revival of Iran nuclear accord
World’s biggest shipping groups suspend Russian cargo bookings
Ukraine crisis batters Sri Lanka’s tea and tourism recovery strategy
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: The stories we tell, with Elif Shafak
This week we bring you one of the most popular episodes from our archive: a conversation with Elif Shafak, the most widely read woman novelist in Turkey. She and Lilah discuss national identity, the generational pain of conflict, and writing in countries that don't have freedom of speech. This conversation feels especially poignant today, as the war in Ukraine becomes even more devastating. This episode also features columnist Enuma Okoro on loving our cities, and economist Tim Harford on feeling less pressure to get everything done.
We’ll be back with a new episode, on the cultural side of the war in Ukraine, next week.
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We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Special offers for FT Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast
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Links from the episode:
––Key coverage of the war in Ukraine is free to read: https://www.ft.com/freetoread. You can also keep up with FT coverage by following @financialtimes on Instagram and Twitter.
—Enuma Okoro’s love letter to New York City: https://www.ft.com/content/e2507d84-9a12-4755-a9c7-41c9ea116947
—Lilah’s piece about visiting Armenia: https://www.ft.com/content/2e2f38b0-e7a1-11e8-8a85-04b8afea6ea3
—Review of Elif Shafak’s novel, The Island of Missing Trees: https://www.ft.com/content/1a064a06-bd19-43c7-8237-38931853d0e2
—Tim Harford on to-do lists: https://www.ft.com/content/06ffe40d-fdcc-4be8-b536-810cedce7ed1
—Oliver Burkeman on how not to waste your life (paywall): https://www.ft.com/content/dd0d477b-c1f7-4d74-af68-c1ef1692566c
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The first US FT Weekend Festival is on Saturday, May 7 in Washington, DC. To attend virtually or in person, buy tickets at http://ft.weekendfestival.com – use the discount code FTFriends2022 for 10% off.
--------------
Sound design and mixing is by Breen Turner, with original music by Metaphor Music.
Hosted on Acast. See acast.com/privacy for more information.
Commodities prices soar over Russia supply fears
Western brands flee Russia, global commodities soar as Putin intensifies his attack on Ukraine, and the US announces new sanctions on Russian oligarchs and their families. Plus, Accenture, McKinsey and Boston Consulting Group are the latest companies to flee or suspend operations in Russia.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
US announces new sanctions on Russian oligarchs and their families
Commodity prices soar to highest level since 2008 over Russia supply fears
Western brands flee Russia in unravelling of ‘capitalistic diplomacy’
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
War in Ukraine sparks Germany’s defence policy transformation
As the brutality of Moscow’s invasion intensifies, the idea of targeting oil and gas exports for sanctions is no longer off the table, and Federal Reserve chair Jay Powell confirmed to US lawmakers that he is backing a quarter point rate rise later this month despite the uncertainties caused by Russia’s invasion. Plus, the FT’s Frankfurt correspondent, Joe Miller, talks about the dramatic change in Germany’s foreign and defence policy as a result of Russia’s war on Ukraine, and how that’s changed the corporate landscape.
Mentioned in this podcast:
Should the west place an embargo on Russian oil and gas supplies?
Powell backs quarter-point rate rise in March despite Ukraine war effects
Germany’s defence industry transformed by Scholz’s €100bn response to Ukraine crisis
Twitter Space: How the war in Ukraine is impacting the global economy
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China shifts stance on Ukraine
The controversial Nord Stream 2 pipeline company that was to bring Russian gas to Europe is reportedly insolvent, China has signalled it is ready to play a role in finding a ceasefire, and crypto exchanges are under pressure to block transactions with Russia as western politicians fear that cryptocurrencies will undermine the effectiveness of financial sanctions.
Mentioned in this podcast:
Nord Stream 2 pipeline becomes insolvent, says Swiss official
Beijing shifts public position after call between Chinese and Ukrainian foreign ministers
Crypto exchanges resist calls for Russia bans after sanctions
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The squeeze on Russia continues
The International Energy Agency will hold an emergency meeting to discuss whether to release oil from strategic stocks to offset rising energy prices caused by Russia’s invasion of Ukraine, Russian financial markets have descended into turmoil after western sanctions over the weekend struck the country’s financial system, and gulf states are staying neutral when it comes to the war in Ukraine.
Mentioned in this podcast:
IEA to discuss releasing oil stocks on Tuesday to stabilise prices
Russia doubles interest rates as sanctions send rouble plunging
Gulf states’ neutrality on Ukraine reflects deeper Russian ties
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
BP to sell its stake in Russia’s state oil company Rosneft
BP plans to divest its stake in Russia’s state-oil company Rosneft, Norway’s $1.3tn oil fund plans to sell out of Russia and US and Western allies to impose sanctions on Russia’s central bank and cut some lenders from Swift. Plus, shares in cybersecurity companies rise as companies around the world fear more Russian cyberattacks.
Mentioned in this podcast:
BP to divest stake in Russian state-oil company Rosneft
West to impose sanctions on Russian central bank and cut some lenders from Swift
A global financial pariah’: how central bank sanctions could hobble Russia
War in Ukraine risks scrambling the logic of cyber security
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: The international mystery of the ‘Hum’
Russia has invaded Ukraine. We begin this episode with a visit from FT Weekend editor Alec Russell, a week after he joined us to discuss his years covering the fall of communism in eastern Europe. How can we make sense of this? Then, we go searching for the Hum, a mysterious noise that has plagued the residents of Halifax, West Yorkshire. It’s an uncomfortable, low-frequency sound that has also been heard in towns across the world, from New Mexico to Ontario to Scotland. The FT's Imogen West-Knights tells us that it's mostly heard by middle-aged women. So is it a real noise, an imaginary illness, or both?
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Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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The first US FT Weekend Festival is on Saturday, May 7 in Washington, DC. To attend virtually or in person, buy tickets at http://ft.weekendfestival.com – use the discount code FTFriends2022 for 10% off.
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Links and mentions from the episode:
–Imogen West Knights on the mystery of the hum: https://on.ft.com/3pe43ve
–The FT’s key coverage on the war in Ukraine is free to read: http://ft.com/freetoread
– Here’s the piece Alec mentioned, ‘The road to war: how Putin wrote the requiem for peace’, by Mary Sarotte: https://on.ft.com/3HqSO8F
– Alec’s lunch with Lea Ypi: https://on.ft.com/3GHmi1J
–Alec is on Twitter at @AlecuRussell, and Imogen is on Twitter @ImogenWK
–Rob Armstrong’s profile of Larry Gagosian: https://on.ft.com/3ImMiBr
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Original music by Metaphor Music. Mixing, sound design and sleuthing by Breen Turner.
Hosted on Acast. See acast.com/privacy for more information.
War in Ukraine shocks markets
Western countries are punishing Russia after Vladimir Putin ordered an invasion from Ukraine, and UK prime minister Boris Johnson wants to punish Russia by removing it from the Swift international payments system. Plus, the FT’s Katie Martin explains how markets reacted on the first day of the war in Ukraine.
Mentioned in this podcast:
Putin shatters peace in Europe as Russia storms Ukraine
World leaders divided on whether to eject Russia from Swift payment system
European gas prices soar and oil tops $105 after Russia attacks Ukraine
Russia-Ukraine webinar: What Next?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Putin orders start of ‘military operation’ in Ukraine
The FT’s Max Seddon, reports from Moscow about Vladimir Putin’s order to launch a full-scale invasion into Ukraine, and the FT’s economics editor, Chris Giles, explains what a Russian invasion might do to the global economy.
Mentioned in this podcas
Vladimir Putin orders start of ‘military operation’ in eastern Ukraine
Ukraine crisis: Sanctions and high energy prices pose threat to global economy
Russia-Ukraine webinar: What Next?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Russia’s move on Ukraine triggers western sanctions
Western powers impose sanctions on Russia as Biden says Ukraine ‘invasion’ has begun, and Russian assets are set to bear the brunt of the Ukraine conflict. Plus, the FT’s Berlin bureau chief, Guy Chazan, explains what freezing the Nord Stream 2 pipeline project means for Germany.
Mentioned in this podcast:
Biden imposes wave of sanctions on Russia for Ukraine ‘invasion’
Russian stocks sell off on mounting sanctions risks
Putin backs separatist claims to whole Donbas region of Ukraine
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Putin Moves Into Ukraine
Russia sends troops into Ukraine after recognizing two separatist regions there. Then, Russia could be facing sanctions for its actions over Ukraine. How could that affect gas companies and consumers? Finally, Peloton discovered rust on some of its exercise bikes, it sent them to consumers anyway without telling them. We have more on its plan to conceal the rust, known as “Project Tinman.”
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Carl Icahn launches board fight at McDonald’s over treatment of pigs
Putin recognises two separatist regions in eastern Ukraine
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Is corporate America becoming more inclusive?
The Olympics wrapped up in Beijing yesterday, capping two weeks of competition and controversy. Banks pledged in the run up to the Glasgow climate summit to fund a UN-backed ETF. But, the money never arrived and the fund is close to failing. Plus, Taylor Nicole Rogers on what steps companies can take to have a more diverse workforce.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Are companies walking their diversity talk?
Companies urged to honour racial justice pledges
Climate ETF on brink of failure months after UN summit launch
Alpine resorts freeze out British ski instructors after Brexit
Beijing Winter Olympics close after fortnight of competition and controversy
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Lea Ypi talks capitalism and freedom
This weekend, FT Weekend editor Alec Russell brings us to Albania for Lunch with the FT. He sits down with writer Lea Ypi, whose memoir ‘Free’ documents her childhood there, both under communism and after its fall. Ypi, a political theorist at the London School of Economics asks: does capitalism make us free? Plus: European tech correspondent Madhumita Murgia explores how science fiction shapes our attitudes towards the future, and how that translates across different cultures.
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Do you want to read the Financial Times? We have special discounts for listeners here: http://ft.com/weekendpodcast
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Exciting news! Lea Ypi will be speaking at the first FT Weekend Festival to be hosted in the US. To attend (virtually or in person) go to http://ft.weekendfestival.com – with 10% off using the discount code FTFriends2022. It’s on Saturday May 7th at the Kennedy Center in Washington, DC.
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Links and mentions from the episode:
–Alec Russell’s Lunch with Lea Ypi: https://on.ft.com/3GHmi1J
–FT review of Lea Ypi’s memoir Free: https://www.ft.com/content/b5455f0f-33a9-480e-9027-6884cc25faa4
–Madhu on how science fiction shapes our attitudes to the future: https://www.ft.com/content/2f35be37-9da8-4cf6-89b2-8488b36c5a63
–Madhu recommends the book Exhalation by Ted Chiang
–Chen Qiufan’s latest book is caled AI2041: Ten Visions for ur Future, co-authored with Kai-Fu Lee
– This weekend’s Lunch with the FT, with Estonian Prime Minister Kaja Kallas: https://www.ft.com/content/098ba985-1284-46c6-9abe-f626fa9e47f0
– Lunch with the Financial Times, edited by Lionel Barber, a selection of classic lunches: https://www.penguin.co.uk/books/309/309448/lunch-with-the-ft/9780241400685.html
Alec is on Twitter at @AlecuRussell, and Madhu is at @madhumita29.
"Long Live Enver Hoxha!" copyright Believe Music and UMPG Publishing. "Astroboy" Copyright Tezuka Productions Co. Clip: AP Archive
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Original music by Metaphor Music. Mixing and sound design is by Breen Turner.
Hosted on Acast. See acast.com/privacy for more information.
Siberia’s DIY cryptocurrency miners
Sequoia Capital plans to move deeper into cryptocurrency markets and has earmarked at least $500mn for investments in cryptocurrency assets, and a global financial regulator says that policymakers must act quickly to craft rules for digital asset markets. Plus, the FT’s Moscow correspondent, Polina Ivanova, reports that Siberia has become home to a cottage industry of DIY cryptomining fuelled by cheap electricity.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Sequoia earmarks $500mn for push into cryptocurrency markets
Global financial watchdog calls for ‘urgent’ action to contain crypto risks
In Siberia, a crypto boom made of ingenuity, defiance and DIY
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Blackstone’s dip into the rent-to-buy market
The Federal Reserve’s latest meeting minutes show it would be willing to tighten monetary policy quickly if US inflation does not come under control, and the EU’s top court has opened the way for Brussels to withhold funding from member states for violations of the rule of law. Plus, the FT’s Mark Vandevelde explains how Blackstone’s rent-to-buy business is working out.
Mentioned in this podcast:
Fed prepared to tighten policy more aggressively if inflation persists
Blackstone’s new real estate play: the rent-to-buy market
EU court ruling opens way for Brussels to act against Hungary and Poland
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Soaring oil prices put US shale in a bind
US and European shares rallied on Tuesday after Russia said it had begun pulling back some troops, and former Google chief executive, Eric Schmidt, is creating a $125mn fund to address problems with artificial intelligence. Plus, the FT’s US energy editor, Derek Brower, explains that US shale companies are feeling pressured to produce less oil despite rising prices.
Mentioned in this podcast:
US stocks rise after Russia says some troops returning to base
Oil’s climb towards $100 a barrel tempts US shale companies to shed restraint
Eric Schmidt creates $125mn fund for ‘hard problems’ in AI research
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Emerging markets: high risk, no reward?
The FT’s Gideon Rachman discusses the messaging wars between the US and Moscow over Ukraine, Central America and Mexico is benefiting from a bumper year in remittances from migrant workers in the US. Plus, the FT’s Jonathan Wheatley explains why investors might be getting more nervous about sinking their money into emerging markets.
Mentioned in this podcast:
Putin, US intelligence and the global fight for the Ukraine narrative
Remittances made to Central America from the US have reached record level
Emerging markets: all risk and few rewards?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The FT investigates Axel Springer’s #MeToo moment
German chancellor Olaf Scholz heads to Kyiv and Moscow to try and deter Putin from attacking Ukraine, and Germans are confronting a major #MeToo moment as German publishing conglomerate Axel Springer comes under scrutiny for sexual misconduct charges against top editor Julian Reichelt. The FT’s Berlin correspondent Erika Solomon discusses her investigation of how the media company handled the accusations.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Scholz plans appeal to Putin in effort to stop attack on Ukraine
Women spoke up, men cried conspiracy: inside Axel Springer’s #MeToo moment
Waning stockpiles drive widespread global commodity crunch
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Will Silicon Valley ruin Miami?
Miami is hot right now. In the pandemic, more people moved to Florida than to any other state by a long shot. Chief among them were the tech elite, who have made Miami—one of America’s most diverse cities—their next big conquest. But what happens when Silicon Valley falls in love with a place with such a singular culture? Will a new tech migration help Miami, or hurt it? We go to Miami with writer Joel Stein to meet the people investing in 'Miami 2.0', from A-Rod to Mayor Francis Suarez to its newest residents. We also hear from Miamians who have lived there for decades.
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Do you want to read the Financial Times? We have special discounts for listeners here: http://ft.com/weekendpodcast
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
--------------
To attend the first US FT Weekend Festival in the US (virtually or in person) go to http://ft.weekendfestival.com – with 10% off using the discount code FTFriends2022. It’s on May 7th at the Kennedy Center in Washington, DC.
--------------
Links and mentions from the episode:
–Joel Stein on how Miami became the most important city in America: https://on.ft.com/3LsiMfy
–Alec Russell’s Lunch with Lea Ypi (ahead of next week’s episode): https://on.ft.com/3GHmi1J
–Joel Stein is on Twitter at @thejoelstein
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Original music by Metaphor Music. Mixing and sound design is by Breen Turner.
"Miami" by Will Smith. Copyright Sony Music Entertainment
Hosted on Acast. See acast.com/privacy for more information.
Inflation prompts investors to ditch Treasuries
A court struggle in China is casting a shadow over the company’s hopes for an Arm IPO after its failed $66bn sale to Nvidia, the 10-year Treasury yield on Thursday climbed to 2 per cent for the first time since August 2019, as investors ditched government debt on the latest evidence of stubbornly high inflation, and European scientists have made a big breakthrough in the decades-long effort to generate energy from nuclear fusion.
Mentioned in this podcast:
SoftBank’s plans for Arm IPO hit by legal battle over renegade China unit
US inflation surges to 7.5% in fastest annual rise for 40 years
European scientists in ‘landmark’ nuclear fusion breakthrough
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Peloton’s turmoil could be appealing
Dozens of biotech companies are running low on cash and face an uphill struggle to raise fresh funds, Fidelity’s little-known passive investment business Geode Capital Management surged to $1tn in assets last year. Plus, the FT’s US business editor, Andrew Edgecliffe-Johnson, explains why Peloton’s latest turmoil makes it an attractive acquisition target.
Mentioned in this podcast:
Bursting ‘Biotech bubble’ inflicts pain on tourist investors and innovators
Fidelity’s index fund business Geode hits $1tn in assets
Turmoil at Peloton makes it opportunistic target for Nike and Amazon
Chipotle: burrito index reflects inflationary guac attack
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
London and Paris at impasse over migrants
Credit Suisse investors warn they will try to block any extension of vice-chair Severin Schwan, and SoftBank is looking to list UK chip design company Arm Holdings on the Nasdaq in the US after a sale to Nvidia fell through. Plus, the FT’s Robert Wright and leading researcher Virginie Guiraudon discuss the current state of the UK-EU migrant crisis and why no solutions are forthcoming.
Mentioned in this podcast:
Credit Suisse shareholders take aim at vice chair following scandals
SoftBank looks to bypass UK in favour of Nasdaq Arm listing
Can the UK and France resolve the cross-Channel refugee impasse?
Great Britain’s migrant crisis
The UK migrant crisis and Dover
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Horatio Clare on the UK migrant crisis and Dover
Credit Suisse became the first Swiss bank in the country’s history to answer criminal charges on Monday, and the US is lobbying Brussels to water down the effect of EU regulations targeting Big Tech companies. Plus, we talk to the author Horatio Clare about the UK town of Dover and how people there are approaching the migrant crisis.
Mentioned in this podcast:
Landmark Credit Suisse money laundering trial opens
US officials lobby key European powerbroker on Big Tech regulations
Life and death on Dover’s migrant front line
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Great Britain’s migrant crisis
A week of dizzying diplomatic meetings seeking to de-escalate tensions with Russia kicks off today in Moscow and Washington, aid agencies call for unblocking of cash flows to Afghanistan as the humanitarian crisis deepens. Plus, the FT’s Anna Gross takes us inside a French refugee camp to hear the stories of the people who are seeking asylum in the UK.
Mentioned in this podcast:
Ukraine: EU wrestles with how to inflict sanctions ‘pain’ on Russia
Aid agencies call for unblocking of cash flows to Afghanistan as humanitarian crisis deepens
Afghanistan’s unnecessary plight
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Does Peloton trick us into working out?
This weekend, we look at the Peloton phenomenon. Is it a failing fitness cult or a lasting way to stay healthy? Lilah and San Francisco correspondent Patrick McGee explore the behavioural science behind why we don’t exercise and the tech that tricks our brains into doing it anyway. Then, management editor Andrew Hill tells us why so many bad business books exist at the airport, and what makes a good one
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If you want to explore the FT, use this link for special discounts for listeners: http://ft.com/weekendpodcast
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
--------------
Links and mentions from the episode:
–Patrick McGee on how connected fitness became the new obsession: https://on.ft.com/32YplFd
–Andrew Hill: ‘Pulp non-fiction: the worst business books of 2022’: https://on.ft.com/34ao7Hz
–All the winners and shortlisted books for FT and McKinsey's best business books of the year award https://ig.ft.com/sites/business-book-award/
–If you want to read more about the culture of Peloton, here’s ‘This is your brain on Peloton’, by Amanda Hess (NYT): https://www.nytimes.com/2021/03/16/arts/peloton-cody-rigsby-content.html
–Anne Helen Peterson is the unofficial internet scholar on Peloton celebrity: https://annehelen.substack.com/p/towards-a-unified-theory-of-peloton
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Original music by Metaphor Music. Mixing and sound design is by Breen Turner.
Hosted on Acast. See acast.com/privacy for more information.
Facebook's fall hits markets
Wall Street stocks slumped on Thursday after disappointing earnings reports in the technology sector from Facebook parent Meta, Turkey and Ukraine signed a deal to deepen defence co-operation in defiance of warnings from Moscow, and Olympics sponsors are accused of ignoring the plight of China’s Uyghur Muslims. The FT’s Andrew Edgecliffe-Johnson talks about the pressure on companies and how they are responding.
Mentioned in this podcast:
Amazon shares surge on Prime price rise and boost from cloud division
Beijing Olympics: the new front line in the US-China cold war
Erdogan visit to Ukraine tests complex ties with Putin
US stocks dragged lower by downbeat tech earnings
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Spotify responds to the Joe Rogan fiasco
Spotify delivered a weak outlook for first-quarter subscriber growth, investors are putting more pressure on the European Central Bank to raise interest rates, and Argentina has been plunged into a fresh crisis after a crucial political figure resigned over the country’s outline debt deal with the International Monetary Fund
Mentioned in this podcast:
Spotify warns it’s ‘too early’ to calculate impact of Joe Rogan row
Eurozone inflation hits record 5.1% in January
Resignation of Peronist leader triggers crisis over Argentina’s $44.5bn IMF deal
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Has plant-based meat peaked?
Alphabet announced a 20-for-one stock split on Tuesday, and businesses across Myanmar shut up shop yesterday, joining a nationwide “silent strike” to mark the first anniversary since a military coup. The FT’s commodities correspondent, Emiko Terazono, explains that the slowing growth of plant–based meat sales has taken executives by surprise.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Google parent Alphabet posts surge in search advertising revenue
Myanmar businesses defy army nationalisation threat and join strike
Has the appetite for plant-based meat already peaked?
M&S and Aldi make peace in Colin and Cuthbert cake war
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
January stocks hit the skids
The US stock market has suffered its worst start to the year since the global financial crisis, US and European allies are preparing what is being described as the most aggressive package of economic and financial sanctions ever assembled to punish Russian president Vladimir Putin, and Italian government bonds rallied as investors welcomed the re-election of Sergio Mattarella as president.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
US stock markets endure worst January since global financial crisis
US and European allies ready aggressive sanctions against Russia
Draghi gains vital time for policy revamp after Italy re-elects Mattarella as president
Sony buys video game maker Bungie for $3.6bn as dealmaking accelerates
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Ukrainian city braces itself for war
The world’s largest sovereign wealth fund has warned that investors face years of low returns due to permanent inflation, and splits are emerging in corporate America’s response to a supply chain crisis. Plus, the FT’s Europe editor, Ben Hall reports from the Ukraine city of Mariupol about how people view a potential Russian invasion.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
World’s largest wealth fund warns ‘permanent’ inflation will hit returns
Ukrainian frontier city weighs threat of renewed Russian aggression
Winners and losers emerge from lingering US supply chain crisis
Tui raises €500m fund to finance new hotels
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Treasure hunting on the Thames, with Jo Ellison
This week, we look at two things that connect us to human history. First, How To Spend It editor Jo Ellison takes us mudlarking — sifting through low tide for treasure — to find remnants of ordinary life from hundreds of years ago. Licensed mudlark Lara Maiklem teaches us how. Then we explore the staying power of games: why do we love them? Why have we been playing some for more than 7,000 years? Our gaming critic Tom Faber joins us to discuss.
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If you want to explore the FT, use this link for special discounts for listeners: http://ft.com/weekendpodcast
--------------
Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– This week’s How To Spend It cover story and photoshoot: ‘Tide and seek: the hidden treasures of low tide’ https://www.ft.com/content/44a1a5be-d0de-4a5a-a02b-1386e0b7c84f
–Lara Maiklem’s books are called ‘Mudlarking’ and ‘A Field Guide to Mudlarking’
–Last time Jo went mudlarking was with jeweller Ruth Tomlinson for this November 2021 article: ‘Why I’m throwing my jewellery into the Thames’: https://www.ft.com/content/aacc19ef-d397-4c15-b943-a029a4954ca1
–A great piece Lilah recommends on mudlarking by novelist Daniel Wallace: https://gardenandgun.com/feature/daniel-wallace-explores-the-art-of-mudlarking/
–Tom Faber on the transformative power of games: https://www.ft.com/content/c2f8b5b6-1f30-48cc-a098-71484ded9a00
–Tom also wrote a great piece this week about the Cameo app and celebrity culture: https://on.ft.com/3FIF7kF
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Original music by Metaphor Music. Mixing and sound design is by Breen Turner.
Hosted on Acast. See acast.com/privacy for more information.
Russian gas projects face sanctions
Apple posted record revenue of $123.9bn in the holiday quarter, and investors had a tough time gauging the Federal Reserve’s hawkish tone, the UK’s new information watchdog says he wants the country to take the lead on holding Big Tech to account in a post-Brexit Britain free of cumbersome European data rules.
Plus, the FT’s European diplomatic correspondent, Henry Foy, reports that western countries are threatening Russia with new sanctions if it invades Ukraine.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Apple’s holiday quarter revenue hits record despite supply chain worries
EU and UK plan sanctions on new Russian gas projects if Ukraine attacked
‘No more Mr Nice Guy’: Fed chair signals tougher stance on inflation
UK seeks leadership role in global privacy, says new watchdog head
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by David, da Silva, Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Fed plans to be ‘humble and nimble’ and hawkish
Tesla reported a record net profit of $2.3bn last quarter but warned of supply chain constraints and the Federal Reserve signalled its intention to raise interest rates in March. Plus, the FT’s China correspondent, Ed White, talks about China’s vaping queen and her company's stock price which went up in smoke this week.
Mentioned in this podcast:
Tesla reports record profit but warns of constraints on supply chain
Fed signals March rate rise as it fights rampant inflation
China’s vape queen hit by Beijing investigation
Apple reclaims top smartphone spot in China
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Draghi dilemma
Google has overhauled a central piece of technology it is building to replace advertising cookies, and the owner of 7-Eleven is facing investor calls to split up. Plus, the FT’s Rome correspondent, Amy Kazmin, explains why Italy is having such a hard time finding someone who can be prime minister if Mario Draghi is elected president.
Mentioned in this podcast:
Google changes course on cookies plans following advertising industry backlash
7-Eleven owner faces investor calls to split up
The Draghi dilemma: Italian presidential election risks turbulence
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Big Dip
Stocks on Wall Street ended higher on Monday after investors took advantage of a severe drop early in the session, Peloton has come under attack from an activist investor, and the United Arab Emirates said it intercepted two missiles launched by the Iran-allied Houthi rebels in Yemen.
Mentioned in this podcast:
US stocks reverse severe losses as buyers step in
UAE intercepts ballistic missiles fired by Houthis over Abu Dhabi
Activist investor urges Peloton to fire chief and explore sale
How connected fitness became the new obsession
Robert Armstrong’s “Unhedged” newsletter
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Discontent at Unilever
Germany’s largest publishers and advertisers are demanding that the EU intervene over the Google's plan to stop the use of third-party cookies, Sony has plans to enter the electric vehicle market. Plus, the FT’s asset management correspondent, Harriet Agnew, discusses the discord at the global consumer goods conglomerate Unilever.
Mentioned in this podcast:
German publishers oppose Google plan to phase out third-party cookies
Activist hedge fund Trian builds stake in Unilever
Sony launches electric vehicle unit to ‘explore entering’ market
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Pati Jinich and Gillian Tett on food, culture and power
This weekend, we look at our culture through new lenses. First, we go to Mexico. Lilah speaks to James Beard Award-winning chef Pati Jinich about how diplomacy is sometimes better achieved through the language of food. Then, anthropologist and FT columnist Gillian Tett looks at social phenomena through the lens of anthropology – from crypto to how tastemakers decide what is 'cool'. Gillian has a PhD in social anthropology and recently published a book called ‘Anthro-Vision’.
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If you want to explore the FT, use this link for special discounts for listeners: http://ft.com/weekendpodcast
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
–Pati’s cookbook is called ‘Treasures of the Mexican Table: Classic Recipes, Local Secrets’
–Pati’s show, ‘Pati’s Mexican Table’ is on PBS, with some episodes on YouTube: https://www.youtube.com/watch?v=BETE1-6Pzrk
–La Frontera is on PBS: https://www.pbs.org/show/la-frontera-pati-jinich/
–Salsa Matcha with pistachios, walnuts and pine nuts: https://patijinich.com/salsa-macha-with-pistachios-walnuts-and-pine-nuts/
–Gillian Tett’s book is called ‘Anthro-Vision’. FT review: https://www.ft.com/content/65d66cf7-f793-4531-9b82-1b54b70bbd21
– Gillian’s latest column: ‘A year on, we haven’t absorbed the lessons of the Gamestop saga’ (paywall): https://www.ft.com/content/8bbd2ef9-41fe-4dfa-8f02-28b3f3dac200
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Original music by Metaphor Music. Mixing and sound design is by Breen Turner.
Hosted on Acast. See acast.com/privacy for more information.
The bright side of Bund yields
The Federal Reserve has for the first time launched a period of debate of a central bank digital currency, and Luckin Coffee is planning to relist in the US after being delisted following a $300m fraud scandal. Plus, the FT’s Katie Martin explains why we should pay attention to German Bund yields turning positive this week.
Mentioned in this podcast:
Fed opens debate on possible digital currency
Luckin Coffee plots relisting in US two years after $300m fraud
Germany’s 10-year Bund yield turns positive for first time since 2019
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Moscow’s ‘Fortress Russia’ strategy
A US Senate committee will begin debating a pair of bills designed to reshape technology regulation, and US banks are gearing up for interest rate rises planned by the Federal Reserve this year. Plus, the FT’s Moscow bureau chief, Max Seddon, explains how Russia has built up its economy to protect itself from sanctions.
Mentioned in this podcast:
US Senate committee to debate legislation targeting Big Tech’s power
Bank of America projects ‘robust’ interest income growth as loans rebound
Moscow’s sanction-proofing efforts weaken western threats
Hong Kong residents hire private jets to take their pets out of isolated city
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Microsoft and Activision’s shared virtual universe
The car industry has turned on France’s plan to force manufacturers to attach the equivalent of a public health warning to their advertising, and US telecoms companies will delay their rollout of 5G services near airports. Plus, the FT’s Chris Nuttall, explains why Microsoft’s $75bn deal for Activision Blizzard makes sense.
Mentioned in this podcast:
Carmakers criticise French plan for health warning on adverts
AT&T and Verizon limit 5G service near US airports after airlines’ outcry
Activision leverages itself into metaverse
Patriotic Gen Zs fuel pandemic jewellery boom in China
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
China applies brakes to Africa lending
UK inflation is expected to rise to a 30-year high when December’s data are released this week, Meta patent applications indicate how the Silicon Valley group intends to cash in on its virtual world with hyper-targeted advertising and sponsored content, Chinese lenders have grown more cautious about lending to African nations as some have reached the limit of their borrowing capacity and the prospect of defaults loom, and the Scottish government has awarded 25 gigawatts of offshore wind project development rights.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
UK inflation set to hit 30-year high as rate rise expectations mount
Facebook patents indicate how it intends to cash in on the Metaverse
China applies brakes to Africa lending
Big boost to UK offshore wind capacity from Scottish auction
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Bain under fire for enabling South Africa corruption
Pension cash for British Gas workers was used to buy Israeli cyberweapon developer NSO Group, European sales of electric cars overtook diesel models for first time in December, and the FT’s Southern Africa correspondent Joseph Cotterill discusses Bain’s role in state corruption in South Africa under former president Jacob Zuma.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Stories mentioned in this podcast:
British Gas pension cash used to buy Israeli spyware group NSO
https://www.ft.com/content/8b427be6-1025-4295-a25c-16374da53b79
European sales of electric cars overtake diesel models for first time
https://www.ft.com/content/f1bdf1cf-8fc3-4b85-a4eb-7df716ebf0a9
Bain & Co, tax and Jacob Zuma: a tale of ‘state capture’ in South Africa
https://www.ft.com/content/b1bb5dd0-e7ce-4e15-ac48-05d2d990f6c7
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
https://www.ft.com/content/eceaec7d-34cd-43ad-96e1-a77f6809e40a
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Tracey Emin: ‘I want to be a happy ghost’
This week, we’ve got two GOATs – that’s Greatests Of All Time. Legendary artist Tracey Emin is starting an art school and studio compound in Margate, England, the seaside town where she grew up. On the week of her winning the Whitechapel Art Icon Award, we speak to Emin about the legacy she’s building and examine the work that came before, from scandalous installations like “My Bed” to her more contemplative work. Then, the FT’s wine columnist Jancis Robinson teaches us about the world of wine. Robinson was the first non-winemaker to receive the title of Master of Wine from the Institute of Masters of Wine, the world’s most prestigious wine organisation.
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Looking for a discount on an FT subscription? Use this link for special offers specifically for listeners of the show: http://ft.com/weekendpodcast
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
--------------
Links and mentions from the episode:
– Louis Wise’s interview with Tracey Emin for How To Spend It: https://www.ft.com/content/ffd55216-7751-43d3-9ad8-f495cb08d7c7
–Tracey Emin’s video “Why I Never Became a Dancer” (1995): https://www.artforum.com/video/tracey-emin-why-i-never-became-a-dancer-1995-49262
–A free online exhibition of Emin's video works between 1995 and 2017 (Xavier Hufkens): https://www.xavierhufkens.com/exhibitions/video-works-1995-2017
–Jancis Robinson’s Wine Course (Youtube, 1995): https://www.youtube.com/watch?v=jNahwe1nPHc&list=PL0smQshvSba5YYij7-R1HM-HT04woET9A
–Jancis’ latest column, “Bargain Burgundy”: https://www.ft.com/content/c59f4150-b431-4202-b7f3-60fab84ac4fb
–Jancis on the truth about the wine world and diversity (no paywall): https://www.ft.com/content/3dc097fc-dbd8-4248-82e6-69d5acc1b169
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Original music by Metaphor Music. Mixing and sound design is by Breen Turner.
Hosted on Acast. See acast.com/privacy for more information.
The London-Kazakhstan connection
Google says it will spend $1bn to purchase its office building in London, Katie Martin explains why Ken Griffin selling a $1.2bn stake in his Citadel Securities is a big deal, and FT investigation correspondent, Tom Burgis, describes a British industry that caters to global elites who want to hide their wealth and manage their reputations.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Google bets on return to office with $1bn purchase of London building
Kazakhstan: violent clampdown highlights City of London’s lucrative role
Ken Griffin’s Citadel Securities sells $1.2bn stake to Sequoia and Paradigm
Security talks with US and Nato ‘unsuccessful’, says Kremlin
Twitter Spaces: Russia’s Geopolitical ambitions - 12pm ET/ 5pm GMT
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Environmental activists target top PR firms
Boris Johnson suffered the toughest day of his premiership on Wednesday when he faced calls to quit after he admitted attending a Number 10 “bring your own booze” party during lockdown, the commodities boom has extended to nickel which reached its highest level in a decade, environmentalist activists are targeting public relations firms, and Beyond Meat has become one of the most shorted companies on US stock market.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Nickel hits 10-year high as electric vehicle production ramps up
Activists target public relations groups for greenwashing fossil fuels
Short sellers pile into Beyond Meat
Boris Johnson faces calls to resign after ‘bring your own booze’ event
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
The Fed’s Big Shrink
Read a transcript of this episode on FT.com
https://www.ft.com/content/afd4c412-780b-407a-8b5a-10175cf319fc
A US judge says that the Federal Trade Commission can go ahead with a revised case seeking to break up Facebook, and the latest US inflation report is expected to show prices rose at their fastest pace in nearly 40 years. Plus, the FT’s US markets editor, Eric Platt, explains how the Federal Reserve is expected to wind down its $9tn balance sheet after a pandemic largesse.
Mentioned in this podcast:
Facebook loses bid to dismiss FTC antitrust case a second time
US inflation expected to rise at fastest pace in nearly 40 years
Federal Reserve prepares to shrink $9tn balance sheet after pandemic largesse
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
US shifts from the ‘war on drugs’
Read a transcript of this episode on FT.com
https://www.ft.com/content/d84a12a8-97da-4331-836b-391c25c8676b
The Federal Reserve’s second-in-command has resigned after a trading scandal, companies raised more than $100bn on the bond market in the first week of this year, and Wall Street’s biggest banks are set to report record profits. Plus, the FT’s pharmaceutical correspondent, Jamie Smyth, discusses the latest controversy as the US shifts away from the ‘war on drugs’.
Mentioned in this podcast:
Fed’s second-in-command resigns after trading scandal
Companies raise $100bn on global debt market in brisk start to 2022
Wall Street banks set to report record profits for 2021
Will overdose deaths force an end to the US ‘war on drugs’?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Investors gear up for ‘gold rush’ in metaverse hardware
Read a transcript of this episode on FT.com
https://www.ft.com/content/51351f23-63b8-458c-9ee2-a7cbda43c287
Nato has warned Moscow to abandon its belligerent foreign policy or face a military alliance steeled for conflict, frustration over corruption in Portugal is the hot button issue for voters in this month’s election, and UK financial regulators plan to take a close look at cloud computing companies. Plus, the FT’s Asia business editor, Leo Lewis, explains why investors are ready to pour money into metaverse hardware makers.
West treads narrow path to common ground in Russia talks
https://www.ft.com/content/a1311bb7-7083-4491-89d7-2912289ebe68
Trust in Portugal’s elite wanes over struggle to tackle corruption
https://www.ft.com/content/8a7b799e-2732-4979-ab49-c5cbf8587ce7
Investors gear up for ‘gold rush’ in metaverse hardware
https://www.ft.com/content/182bb2a7-b4e4-4d0d-8178-4cd9b4c225c4
UK financial regulators to step up scrutiny of cloud computing giants
https://www.ft.com/content/29405a47-586b-4c5a-b641-0f479b4cee1d
M&S steals retail crown back from upstart online rivals
https://www.ft.com/content/67ff963d-8883-47d6-ba69-f30721efd006
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend -- Happily ever after? Disney in the 21st century
Happy New Year! Our first episode of 2022 is dedicated to one of the world’s most powerful cultural forces: Disney. What happens when a company with that much influence just keeps growing? We visit Disneyland for a rare interview with CEO Bob Chapek, with FT reporters Chris Grimes and Anna Nicolaou. We explore where Disney Plus fits into the digital streaming wars. And Lilah speaks with a Disney expert, Sabrina Mittermeier, about how the company is reckoning with its prejudices 100 years into its history.
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If you want a great offer on an FT subscription specifically for listeners, use this link: http://ft.com/weekendpodcast
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Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
– Chris and Anna’s profile of Bob Chapek, Disney CEO: https://www.ft.com/content/69e1cc1e-9c64-4000-b47f-a7e448107a5b
– And their follow-up on the streaming wars: https://www.ft.com/content/ae756fda-4c27-4732-89af-cb6903f2ab40
– Dr. Sabrina Mittermeier’s book, A Culture History of the Disneyland Theme Parks: https://press.uchicago.edu/ucp/books/book/distributed/C/bo70345519.html
–Follow Anna Nicolaou on Twitter @annaknicolaou
–Follow Chris Grimes on Twitter @grimes_ce
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Original music by Metaphor Music. Mixing and sound design is by Breen Turner.
Hosted on Acast. See acast.com/privacy for more information.
‘Spec-tech is getting wrecked’
Read a transcript of this episode on FT.com
https://www.ft.com/content/4418eedc-e949-4d44-a517-55e73f2076f9
Outgoing Federal Reserve vice-chair has blamed “inadvertent errors” for failing to disclose the full extent of his trading activity at the start of the pandemic, the FT’s Katie Martin looks back on the first week of trading in 2022, and our Moscow and Central Asia reporter, Nastassia Astrasheuskaya, unpacks the protests in Kazakhstan and Russia’s interest in helping its neighbour maintain stability.
Fed trading scandal rekindled by disclosure from top official
https://www.ft.com/content/3bc91644-08e2-4cee-be2c-538d855cd675
Kazakh protests are a warning for other ex-Soviet autocrats
https://www.ft.com/content/560b1b28-c180-40ec-b19a-ece58f214259
US tech shares swing as investors assess Fed minutes and mixed data
https://www.ft.com/content/76bd2194-ccf4-4029-b527-6d56d6c8465c
Twitter Spaces: After the Capitol Riot, what role will civil unrest play
https://twitter.com/i/spaces/1djGXPDOgrzGZ?s=20
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Corporate America after the Capitol insurrection
Read a transcript of this episode on FT.com
https://www.ft.com/content/31290819-a321-496e-a995-4281198ec453
Minutes from the latest Federal Reserve meeting show the US central bank gearing up for more aggressive tightening, tech stocks plummeted, Hong Kong is bracing for sharply higher food prices, and one of Germany’s biggest utilities, Uniper, has been forced to seek €10bn of financing to avoid a cash crunch. Plus, the FT’s US business editor, Andrew Edgecliffe-Johnson, talks about corporate America in the year since a mob of Trump supporters stormed the US Capitol.
Fed warns faster rate rises may be needed to tame soaring inflation
https://www.ft.com/content/35766dd4-7da1-4064-9e60-79a714297c5a
Uniper secures €10bn of credit as gas prices surge
https://www.ft.com/content/f8cdfafc-2ce4-4ad7-b8c4-98e6eaa6ce89
Isolated Hong Kong faces higher food prices as pandemic restrictions bite
https://www.ft.com/content/f31edc79-f7df-48d7-badf-5d074cb19afd
US companies under pressure to support voting rights push
https://www.ft.com/content/712d9e1a-68dc-451e-a094-0d7db570dfd7
Twitter Spaces: After the Capitol Riot, what role will civil unrest play
https://twitter.com/i/spaces/1djGXPDOgrzGZ
Audio from the January 6th Capitol riot provided by CSPAN
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The small German city hosting BioNTech
Read a transcript of this episode on FT.com
https://www.ft.com/content/cf9a801f-d99d-4703-a1dd-2219ee91f3fa
Chinese banks rushed to meet their annual state-imposed lending quotas last month by buying up low-risk financial instruments, a divided EU has demanded a role in next week’s negotiations with Russia over the Ukraine crisis, and travel stocks rose sharply on Tuesday. Plus, the FT’s Frankfurt correspondent, Joe Miller, explains why the German city of Mainz wants to hang onto the vaccine maker BioNTech.
Chinese banks buy up low-risk financial instruments amid concern over economy
https://www.ft.com/content/70451eee-5163-4348-af1a-82656f7a50fa
Travel and leisure stocks surge as Omicron disruption fears fade
https://www.ft.com/content/20ae6c32-2c03-45ad-af8d-b4310c5acce0
EU demands seat at Ukraine talks as Russia prepares to meet US and Nato
https://www.ft.com/content/db2d642b-5068-40c3-a4c2-d3c330f3972b
German city reaps tax windfall from BioNTech’s Covid vaccine success
https://www.ft.com/content/5a705ebc-ce1f-4525-8406-d2875a32c473
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The pandemic is messing with US labour market data
Read a transcript of this episode on FT.com
https://www.ft.com/content/f1236902-0997-4028-8cd1-d50317d10aba
A jury found Elizabeth Holmes guilty of conspiring to defraud investors in the failed blood testing start-up Theranos, Apple has become the first company to hit a market capitalisation of $3tn and US president Joe Biden is launching a crackdown on the country’s largest meat producers. Plus, the FT’s US economics editor Colby Smith explains why the country is struggling to measure jobs growth and the larger ramifications.
Elizabeth Holmes found guilty in criminal fraud trial
https://www.ft.com/content/8bde19f6-e8a5-4800-8882-fd799f0caac0
Apple becomes first $3tn company after boost from pandemic demand
https://www.ft.com/content/57f57303-82b9-49db-89ee-54888e1c714d
Biden launches crackdown on largest US meat producers
https://www.ft.com/content/a180dc0d-0cfc-4321-91aa-c5772b4a8dc1
US struggles to measure jobs growth as pandemic distorts labour market data
https://www.ft.com/content/4f1155be-1a5f-4fd2-ba57-b15bdb273c00
Mercedes breaks 1,000km barrier with electric-vehicle prototype
https://www.ft.com/content/0017dfdf-c308-4e04-b4cb-8055568ddffe
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Forecasting the world in 2022
Read a transcript of this episode on FT.com
https://www.ft.com/content/f0ee8a8b-fab1-4fcc-a49e-864a7b2cf62e
The US chief medical adviser has warned of an “unprecedented” surge in Covid-19 cases, and Tesla smashed its own production and delivery records in the final months of last year. Plus, the FT’s chief leader writer, Neil Buckley shares some of the FT’s predictions when it comes to 2022’s top stories.
Omicron drives Covid infections in US to record highs
https://www.ft.com/content/a75a74a9-a017-4c5a-9cc9-fd9c76bac51f
Tesla dodges supply woes to deliver record number of new vehicles
https://www.ft.com/content/ad6d68b0-0171-4f24-9076-d778babf6fed
Forecasting the world in 2022
https://www.ft.com/content/8909b60f-01aa-4c16-b448-178e46ecb3c9
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Who made up the metaverse?
Read a transcript of this episode on FT.com
https://www.ft.com/content/693b3337-ce80-4150-866a-01e1c3730fad
US financial conditions are near the most accommodative on record even as the Federal Reserve has begun stepping up its exit from coronavirus crisis-era stimulus measures, and soaring US stock markets are masking a strong tide that is pulling down the share prices of hundreds of companies, and the FT’s European technology correspondent, Madhumita Murgia, discusses science fiction’s influence on technology and social attitudes towards technology, particularly artificial intelligence.
US financial conditions remain easy even as Fed pulls back on stimulus
https://www.ft.com/content/2c73b1f4-b8c1-415b-8df0-237eff180cb0
US stock market advance masks treacherous undercurrents
https://www.ft.com/content/d248d1af-261e-47c8-9a5f-0d264cb9f83b
Into the metaverse: how sci-fi shapes our attitudes to the future
https://www.ft.com/content/2f35be37-9da8-4cf6-89b2-8488b36c5a63
$10bn James Webb Space Telescope scheduled for Christmas Day launch
https://www.ft.com/content/ebc84a97-961a-4ac0-bba1-678580d11a71
The clips from the Metaverse story were from the 1984 movie The Terminator, the 1968 movie called 2001: A Space Odyssey, and the Japanese cartoon Astro Boy.
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
America’s segregated banking
Read a transcript of this episode on FT.com
https://www.ft.com/content/ee47c8a9-9e84-4e31-bcf0-2314be0b406f
US stock exchanges are increasing their efforts to attract new companies to fill the gap left by a decline in Chinese listings, and Turkey’s lira jumped sharply after President Recep Tayyip Erdogan announced a new savings scheme. Plus, the FT’s US banking correspondent, Imani Moise, explains why black Americans struggle to get cheap bank loans.
US Exchanges look elsewhere in Asia to replace lost Chinese listings
https://www.ft.com/content/4800e080-816c-415c-8269-5268ab81b91a
Turkey’s currency surges after Erdogan unveils lira savings scheme - with Laura Pitel
https://www.ft.com/content/5301a1ce-2658-4452-860c-4c19fbcaa037
Race and finance: America’s segregated banking sector - with Imani Moise
https://www.ft.com/content/e63cbe88-6d46-4119-9067-e10a926c61c2
Chinese investors pick luxury watches over houses
https://www.ft.com/content/a9a34f94-9a49-4938-ae9e-ec4e6d2f4838
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Chile veers left
Read a transcript of this episode on FT.com
https://www.ft.com/content/5e8d9be2-8efa-4339-b80a-53ffe0664ec1
US retailers’ supply chain problems are being exacerbated by computer programs known as “Grinch bots” that are buying up the most sought-after holiday gifts in split-second online swoops, Chinese artificial intelligence company SenseTime is relaunching its initial public offering in Hong Kong with the help of investment from state-backed entities after being blacklisted by the US, and in Chile a former student protest leader has won the final round of the presidential election as the Latin American country took a decisive shift to the left after several years of civil unrest.
SenseTime’s IPO rescued by Chinese state-backed funds - with Ryan McMorrow
https://www.ft.com/content/71709423-0fe2-4028-b208-68cbd0b2bd30
‘Grinch bots’ buy up online goods during holiday shopping season
https://www.ft.com/content/11e81aaa-9c7e-4099-b3c8-54f8adc9e5ca
Chile election won by former student protest leader Gabriel Boric - with Michael Stott
https://www.ft.com/content/fa9ba840-5d66-45e6-bf7a-2b8b4f6d9386
The fight for the future of Chile
https://www.ft.com/content/70981218-05a4-4685-86e0-a19b7cae7ff9
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The melody of a yield curve
Read a transcript of this episode on FT.com
https://www.ft.com/content/b08546bc-7eee-4c25-9e5c-db458728e4c2
US president Joe Biden suffered a blow to his efforts to pass his signature $1.75tn social spending bill when Joe Manchin, the pivotal Democratic senator from West Virginia, explicitly rejected the package, European countries are tightening restrictions to reduce the spread of Omicron after the Netherlands reimposed a strict nationwide lockdown on Saturday, and FT capital markets correspondent Tommy Stubbington explains why the yield curve is so important to investors using a musical interpretation of the all-important chart.
European countries impose travel curbs to slow Omicron’s spread
https://www.ft.com/content/3316b665-9bfa-4e7e-ae68-c46601950cef
Millions to lose child benefit as Biden social spending bill is delayed - with Taylor Nicole Rogers
https://www.ft.com/content/9f4f23ca-304f-4738-807f-17a24ca6e82c
Joe Manchin says he will vote against Biden spending bill
https://www.ft.com/content/a979165a-fd1c-4b85-8604-28085e2c0c9b
The yield curve: why investors are watching closely - with Tommy Stubbington
https://ig.ft.com/the-yield-curve-explained/
VIDEO: Sonification: turning the yield curve into music
https://www.ft.com/content/80269930-40c3-11e9-b896-fe36ec32aece
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend—Predictions for 2022: Britney, flip phones and the metaverse
It's the final FT Weekend episode of 2021, and we are marking the end of one unpredictable year and the start of another. What do you think will happen in 2022? Matt Vella, FT Weekend Magazine editor, joins Lilah to discuss listeners’ cultural predictions. A lot of them had an air of nostalgia: Will Britney make a documentary about her life? Will flip phones make a comeback? Then, our pop critic Ludovic Hunter-Tilney teaches us the art of the perfect holiday playlist.
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If you want a great offer on an FT subscription specifically for listeners (and not a bad Christmas gift!) use this link: http://ft.com/weekendpodcast
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Thank you for listening to the show this year. We’ll be back on January 8! What culture will you be reading, watching, listening to during the holidays? Say hi and let us know! Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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Links and mentions from the episode:
–Two books by the late, great bell hooks: The Will to Change, and All About Love
–The FT’s Christmas roundup-(the complete guide to eating, drinking, giving and self-caring your way to a very merry holiday this year): https://www.ft.com/content/3d6c80dd-dbc3-4e0e-939f-b917aa401dfc
Here are Ludo’s reviews of his favourite albums of the year (all free to read):
–The Weather Station: Ignorance https://www.ft.com/content/57aef341-cce1-4816-9939-3c71a3fe5edf
–Nation of Language: A Way Forward https://www.ft.com/content/ed7f3da8-d033-4ca0-90c7-1b7e4b425a19
–Pharoah Sanders, Floating Points and the London Symphony Orchestra: Promises https://www.ft.com/content/c00c0655-013d-4d3b-8c7c-bf7dea47c1fc
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Thank you to everyone who shared your notes, including: Andrei Berghianu from Romania, Olga Sihmane from Stockholm, Ashley Harris from Brooklyn, Lily Bland, Roger Ralph, Manish Prayaga, Helen Beedham, April from Los Angeles and so many more.
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Original music by Metaphor Music. Mixing and sound design is by Breen Turner.
Hosted on Acast. See acast.com/privacy for more information.
The Bank of England’s surprise rate rise
Read a transcript of this episode on FT.com
https://www.ft.com/content/5355f6b9-ad94-401e-bedd-557a9e75b15f
Residents of America’s biggest cities are struggling to book vaccine appointments because of the rising wave of the Omicron coronavirus variant, and TPG is joining the wave of private equity groups that are going public. Plus, the FT’s markets editor, Katie Martin, explains why investors were so taken aback by the Bank of England’s rate rise yesterday.
Americans rush for vaccine boosters ahead of Omicron wave - Kiran Stacey
https://www.ft.com/content/ed003f92-98fc-41e5-9884-565ddfe05196
France to block entry to UK tourists as Omicron surges
https://www.ft.com/content/9e84e155-2963-4d29-8331-cace0d022fa5
TPG joins wave of private equity groups going public
https://www.ft.com/content/8fd93e65-9cc5-4156-9489-214b7a8c44d2
Bank of England raises key interest rate to 0.25% - with Katie Martin
https://www.ft.com/content/eb35ea37-fb8b-43a7-9d30-d985c58e62d7
Uefa picks US bank to lead €7bn football financing package
https://www.ft.com/content/25a79b68-ba14-466a-bffd-fcda2a1103a7
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The Fed expects three interest rate rises for next year
Read a transcript of this episode on FT.com
https://www.ft.com/content/5418e790-754e-4421-a7d2-99fd610466c3
Federal Reserve officials expect to raise interest rates three times next year, and investors are piling into inflation-linked assets in a bet that consumer prices will continue to soar. Plus, the FT’s law courts correspondent, Jane Croft, tells the tale of a money laundering conviction that started with garbage bags stuffed with cash.
Fed officials expect three rate rises next year in hawkish pivot on inflation
https://www.ft.com/content/834e773c-0bf6-4510-87d3-123a5d040c05
Investors pour billions of dollars into inflation-linked assets - with Kate Duguid
https://www.ft.com/content/76122770-a4ac-4cee-a045-fc1a298c1d5e
NatWest fined £265m for money laundering failures - with Jane Croft
https://www.ft.com/content/f080cc09-62bc-4898-9814-ee7759d80cd7
M&S sues discounter Aldi over ‘copycat’ Christmas gin
https://www.ft.com/content/ffccedd3-db95-4e5e-8641-d0cb9caeff81
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The queen of the bull market faces her toughest test
Read a transcript of this episode on FT.com
https://www.ft.com/content/9db04e62-720a-47b6-89a8-3fc0f383b489
The US Federal Reserve is expected to announce a swift scaling back of its enormous stimulus programme and boost its expectations for interest rate increases next year, and the UK’s Advertising Standards Authority has taken the crypto industry to task for “widespread” problems with misleading and irresponsible ads. Plus, Ark Invest’s CEO, Cathie Wood, is known as the queen of the bull market. But the FT’s asset management editor, Harriet Agnew, explains that Wood’s concentrated bets on disruptive companies have left the pioneering ETF manager vulnerable.
Fed poised to announce acceleration of stimulus taper - with Colby Smith
https://www.ft.com/content/834e773c-0bf6-4510-87d3-123a5d040c05
UK advertising regulator issues rebukes to crypto industry
https://www.ft.com/content/b48040e5-d510-4ac8-9e6c-6af568e587ad
Cathie Wood’s Ark: a tech-driven bull market on steroids - with Harriet Agnew
https://www.ft.com/content/67289726-85d3-47e2-9f1c-942f5f95d37d
Rentokil to buy US extermination specialist Terminix in $6.7bn deal
https://www.ft.com/content/9182feea-3dd5-406b-8b70-d3e1e7090227
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The battle inside JPMorgan over A-Rod’s millions
Read a transcript of this episode on FT.com
https://www.ft.com/content/6c90116a-d978-4b3c-9fba-0b57b2a42aec
The US Department of Labor is investigating Apple over claims that it retaliated against an employee who complained of workplace harassment and unsafe working conditions, European gas futures rose 10 per cent on Monday after German foreign minister Annalena Baerbock said the Nord Stream 2 pipeline could not be permitted in its current form because it did not comply with EU law; and a senior banker at JPMorgan Chase is battling the bank and her colleagues who she says have been trying to poach her billionaire and multimillionaire clients.
Apple faces probe over whether it retaliated against whistleblower
https://www.ft.com/content/973aae8d-21d9-4e84-8912-ead071c7935d
European gas prices rise after German concerns over Nord Stream 2 - with Guy Chazan
https://www.ft.com/content/15a057f2-7647-496d-bcc6-6c4bcb836db6
A baseball star in the ‘shark tank’: inside JPMorgan’s client poaching row - with Joshua Franklin
https://www.ft.com/content/3b7ae6dc-b213-4463-b980-3b0401087187
Harley-Davidson to spin off electric motorcycle division
https://www.ft.com/content/0d290d5d-2f71-4991-928c-cc4518466f66
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Fast fashion’s new superpower: Shein
Read a transcript of this episode on FT.com
https://www.ft.com/content/99bcfb02-6de4-4658-9d7f-c210db884fdf
The cost of flying cargo around the world has reached record levels, and workers are demanding that gig economy companies explain their algorithms. Plus, the FT’s retail correspondent, Jonathan Eley, explains how the Chinese company Shein became one of the world’s biggest fast fashion companies and recently surpassed Zara to become the top fast fashion brand in the U.S.
Air freight costs soar to record high
https://www.ft.com/content/15b44fc9-5f86-4b28-ae05-a3233db13977
Workers demand gig economy companies explain their algorithms - with Madhumita Murgia
https://www.ft.com/content/95e7f150-b0f9-4602-8e5d-76a138b59851
Shein: the Chinese company storming the world of fast fashion - with Jonathan Eley
https://www.ft.com/content/ed0c9a35-7616-4b02-ac59-aac0ac154324
Widening CEO-employee pay gap challenges ‘stakeholder capitalism’
https://www.ft.com/content/7c9be0d8-d75b-45f3-8602-932ac25652b1
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: A trip to our secret book vault. Plus: the best books of 2021
This weekend, we’re going behind the scenes of the FT’s legendary Books of the Year roundup. Literary editor Frederick Studemann and deputy books editor Laura Battle take us into a secret room in the basement of the FT, where all the books sent in for review are kept behind lock and key. You’ll leave this episode with a lot on your reading list, including recommendations from editor Roula Khalaf, FT weekend editor Alec Russell, chief economics commentator Martin Wolf and more.
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If you want a $1 trial or 50% off a digital subscription, go to http://ft.com/weekendpodcast
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Want to say hi? Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
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We want your cultural predictions, wishes, or questions for 2022! Share them with Lilah and FT Magazine editor Matt Vella by Sunday, December 12. Open your phone’s voice memo app, get close to the mic and say your name, location and your thoughts, then email it to ftweekendpodcast@ft.com. You can write to us, too. But you’ll sound great on tape, we promise.
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Links and mentions from the episode:
–Roula Khalaf recommends Empire of Pain by Patrick Radden Keefe
–Pilita Clark recommends The Hydrogen Revolution by Marco Alvira and How to Blow Up a Pipeline by Andreas Malm. Her whole climate list: https://on.ft.com/3DFcYLr
–Alec Russell recommends Sentient by Jackie Higgins and Free by Lea Ypi
–Edwin Heathcote recommends Public House: A Cultural and Social History of the London Pub. His whole architecture and design list: https://www.ft.com/content/37545da9-7142-408b-a0bb-e458079ebd53
–One of Edwin’s favorite books of the past few years is Sandfuture by Justin Beal. Here’s his review (free to read): https://www.ft.com/content/91a35024-4e41-4325-81ca-2373321ae4ff
–Fred Studemann recommends Notes from Deep Time by Helen Gordon, The Passenger by Ulrich Boschwitz and Just the Plague by Lyudmila Ulitskaya
–Laura Battle recommends Crossroads by Jonathan Franzen, Small Things Like These by Claire Keegan, and the audiobook of Harlem Shuffle by Colson Whitehead. Her whole fiction list: https://www.ft.com/content/7a881a03-2462-459e-930c-f526e4e54449
–Martin Wolf’s economics list: https://www.ft.com/content/25ca2b59-8047-4f9b-bf99-e7f7c15d8d51
–Explore the whole Books of the Year package: https://www.ft.com/booksof2021
Original music by Metaphor Music. Mixing and sound design is by Breen Turner.
Hosted on Acast. See acast.com/privacy for more information.
The markets shrug off Omicron
Read a transcript of this episode on FT.com
https://www.ft.com/content/699883ef-69b7-425f-a149-915268ccac82
US consumer prices for November are expected to have increased at the fastest pace in nearly 40 years, and workers at a Starbucks in Buffalo, New York, have voted to become the coffee shop chain’s first unionised store in the US. Plus, FT markets editor, Katie Martin, explains why investors are shrugging off the Omicron variant of the coronavirus.
US consumer prices expected to log biggest annual gain since 1982 - with Colby Smith
https://www.ft.com/content/f355feab-e9f0-4dfc-bcd7-1759983dfb16
Markets: variant, what variant? - with Katie Martin
https://www.ft.com/content/c9a674a8-a961-4f7b-be1f-7a6922526296
Starbucks workers approve first US union at Buffalo store - with Taylor Nicole Rogers
https://www.ft.com/content/99653893-e23a-47ef-be04-6076b7a6e5b3
Sackler name to be removed from Metropolitan Museum of Art galleries
https://www.ft.com/content/2a898811-ddce-40fc-a736-f538ec31d58d
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Evergrande’s endgame
Read a transcript of this episode on FT.com
https://www.ft.com/content/f448826b-f40b-49be-824d-5795493cee5f
The Big Four accounting firms have recorded their strongest financial performance since the collapse of Enron, and Apple is tolerating a loose interpretation of its new privacy rules allowing app developers to collect data from its 1bn iPhone users for targeted advertising. Plus, the FT’s Beijing Bureau chief, Tom Mitchell, explains how the Chinese government might orchestrate the slow-motion collapse of indebted property developer Evergrande.
Big Four post strongest performance since Enron as advisory business booms - with Michael O’Dwyer
https://www.ft.com/content/95a0c80b-1262-42c3-ac5b-bb693e06d3c4
Apple reaches quiet truce over iPhone privacy changes - with Patrick McGee
https://www.ft.com/content/69396795-f6e1-4624-95d8-121e4e5d7839
Beijing seeks to orchestrate slow-motion collapse for Evergrande - with Thomas Hale
https://www.ft.com/content/21acda99-ee35-4f6d-8cfa-017d55e1bb10
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Biden-Putin spar over Ukraine
Read a transcript of this episode on FT.com
https://www.ft.com/content/4f159e0e-06fa-4610-8768-4807a47b6fbe
China is preparing a blacklist that could tightly restrict the main channel technology start-ups use to attract international capital, and the US is pressuring Germany to block Russia’s Nord Stream 2 gas in the event that Vladimir Putin invades Ukraine. Plus, the FT’s hedge fund correspondent, Laurence Fletcher, talks about Elliott Management, one of the most “fearsome” activist hedge funds.
China to tighten rules for tech companies seeking foreign money
https://www.ft.com/content/7689489c-cdad-4596-a7c6-0774ed68bf5a
US demands halt to Nord Stream 2 if Russia invades Ukraine -with Max Seddon
https://www.ft.com/content/d1ed75b0-338f-42f8-836b-f94cb00670ca
Activist investor Elliott attacks SSE over renewable energy plans -with Laurence Fletcher
https://www.ft.com/content/68faf5d2-ae6a-4391-aa64-3ca8ace45715
Chinese marriages fall to 13-year low as demographic crisis brews
https://www.ft.com/content/f0fe5b5e-6a0f-4b39-b457-db07294c696f
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Researchers struggle to access Facebook data
Read a transcript of this episode on FT.com
https://www.ft.com/content/0c162b9e-4c9a-40bf-ab48-a6d5f9830f6e
A sustained rally in the price of carbon allowances could prompt UK government intervention, Germany’s new government is prioritising climate goals, and the FT’s European technology correspondent, Madhumita Murgia, reports on academics’ struggles to access Facebook data that they need in order to find out more about the social effect of the company’s platforms.
Carbon price surge triggers UK market mechanism
https://www.ft.com/content/4b4631ac-92fa-47da-9d81-1c01aa185cd0
Olaf Scholz plots a way round Germany’s debt rules - with Guy Chazan
https://www.ft.com/content/7f035d83-a85f-4a42-b81c-0d61af37e4fa
Investigating Facebook: a fractious relationship with academia - with Madhumita Murgia
https://www.ft.com/content/1f409239-9e4a-4988-b6fa-cad4dbe7c344
Ghosn brands Nissan ‘visionless’ as electric vehicle plan falls flat
https://www.ft.com/content/b7dd2398-a338-4fef-ad54-b1272e916651
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The Tesla-financial complex
Read a transcript of this episode on FT.com
https://www.ft.com/content/6842cbfd-af06-459d-80cb-e62f68db910c
Several of Toshiba’s biggest shareholders accuse the conglomerate of failing to fully pursue talks with private equity buyers and plan to vote against a company proposal to split into three separate businesses, European auto suppliers say half a million jobs would be at risk under EU plans to effectively ban combustion-engine cars by 2035, and Tesla’s outsized influence in financial markets may not be due to its market capitalization but what FT global finance correspondent Robin Wigglesworth calls the “Tesla-financial complex.”
Toshiba shareholders accuse conglomerate of overlooking privatisation bids
https://www.ft.com/content/f284fdaf-a900-4af4-920c-5c42091b19db
European auto suppliers warn shift to electric would put 500,000 jobs at risk - with Joe Miller
https://www.ft.com/content/1e0040c9-aab2-4881-828b-e992f23a9f3e
The ‘Tesla-financial complex’: how carmaker gained influence over the markets - with Robin Wigglesworth
https://www.ft.com/content/17f0cd1f-e751-4ddb-b13c-ea4e685b55c0
Singapore suspends crypto exchange over spat with K-pop group BTS
https://www.ft.com/content/eea3a969-0dbd-4894-a049-1f566ef1660e
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Weekend: Seeing Princess Diana, with ‘Spencer’ director Pablo Larraín
Do we need another Princess Diana film? Maybe we do, actually. This weekend, we’re talking about new ways to see old things. Lilah speaks with director Pablo Larraín, who our film critic calls ‘one of the most consistently interesting directors in cinema today’. He explains the creative process behind his new film Spencer, starring Kristen Stewart as Diana. Then, we ask the question: what is up with the House of Lords? The FT’s political editor George Parker explains why one of the world’s most prominent democracies has an entirely unelected house of legislature, with some seats passed down hereditarily to eldest sons.
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We want your cultural predictions, wishes, or questions for 2022! Share them with Lilah and FT Magazine editor Matt Vella by December 12. Here’s what to do: Open the voice memo app on your phone. Get close to the mic and say your name, where you’re from and your prediction, then email it to ftweekendpodcast@ft.com. You can write to us, too. But you’re going to sound great on tape, we promise.
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Go to http://ft.com/weekendpodcast for a special discount on an FT subscription!
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Links from the episode:
–Film critic Danny Leigh’s interview with Pablo Larraín: https://www.ft.com/content/87efb3c2-82ee-11ea-b6e9-a94cffd1d9bf
–Spencer review: https://www.ft.com/content/e05684d2-9161-4fdd-94cf-7d8f4576ffaa
–George Parker on the House of Lords: https://www.ft.com/content/d5aebb99-0316-41a9-b19a-505713e4fb41
–Last year’s predictions — forecasting the world in 2021: https://www.ft.com/content/cbfe6821-c70b-4e4d-977b-979bfe929fd3
Hosted on Acast. See acast.com/privacy for more information.
Brazil’s bullish finance minister
Read a transcript of this episode on FT.com
https://www.ft.com/content/e596c61d-a93c-48e6-8a16-c3b67d1f3f17
Saudi Arabia has agreed to keep increasing monthly crude oil production following a charm offensive by Biden administration officials, the US is delaying a deal to remove Trump-era tariffs on UK steel and aluminium, and Brazil’s economy has entered a technical recession but its finance minister remains bullish about his economy. Plus, FT Weekend deputy editor, Esther Bintliff, talks about the magazine’s 2021 list of the 25 most influential women.
Opec+ sticks with oil supply increase after US overture to Saudi Arabia
https://www.ft.com/content/ef94213b-4b7f-44de-903e-1b48d35213ab
Brexit fears hold back US-UK trade deal
https://www.ft.com/content/608e5634-9894-449d-9a09-4f903f0e7169
Brazil’s finance minister vows ‘fight to the end’ to save reforms
https://www.ft.com/content/933c9809-4055-4c3b-b14a-00700630e5bb
The FT’s 25 most influential women of 2021
https://www.ft.com/womenof2021
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Iran’s looming water crisis
Read a transcript of this episode on FT.com
https://www.ft.com/content/79f693ec-50d9-42d0-94af-b8b5d9d8d931
The US-based Women’s Tennis Association says it will suspend its tournaments in China over Beijing’s handling of tennis star Peng Shuai and her sexual assault allegations; the rapid growth of multi-manager hedge funds has unleashed a fierce battle for talent and driven compensation for top traders sky-high; a local dispute in France over an offshore wind farm has spiralled into a polarising national election issue; and Iran’s historic city of Isfahan has been the site of big protests over a shortage of water.
WTA suspends tennis tournaments in China over Peng Shuai case
https://www.ft.com/content/c827fb41-e5fe-49cf-a31c-aa99b4a56d2e
Hedge funds wage pandemic battle for talent
https://www.ft.com/content/241505c0-daf8-4ea7-b727-b0ba774c00fa
France: the battle over wind power stirs up the election
https://www.ft.com/content/29cb5f2b-9b09-49bf-b306-c3a782191f6c
Iranian water protests a ‘wake-up call’ for regime
https://www.ft.com/content/1f484ccb-794c-4122-bd29-be15e75fe0bb
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Stock market fragility
Read a transcript of this episode on FT.com
https://www.ft.com/content/5810c0fd-5325-4b58-93d6-4790d00956ad
Jay Powell signalled his support for a quicker withdrawal of the Federal Reserve’s massive asset purchase programme, and the world’s biggest clothing retailer, Inditex, has named the 37-year-old daughter of its founder as the company’s new chair. Plus, Robin Wigglesworth, the FT’s global finance correspondent, explains why markets might be more fragile than many people think.
Powell signals support for quicker ‘taper’ of Fed’s bond buying scheme
https://www.ft.com/content/181021d7-9dc4-4a55-a8e9-d5ae26e8e5c1
Markets are more fragile than investors think
https://www.ft.com/content/c25bd7df-0f13-4bb1-94b3-e36ed8fb2b97
Inditex shares fall after it appoints founder’s daughter as chair
https://www.ft.com/content/57283cb1-20d8-43a7-85aa-6ca59a49099c
Morrisons ditches soya for insects in chicken feed to hatch carbon neutral eggs
https://www.ft.com/content/ce180ed3-67c5-4e47-91e3-32049866cae1
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Jack Dorsey exits Twitter
Read a transcript of this episode on FT.com
https://www.ft.com/content/b6aa92ea-4a07-4423-acbe-deacad5313a5
Twitter co-founder Jack Dorsey stepped down as the company’s chief executive on Monday, and an activist investor has called on commodities giant Glencore to spin off its thermal coal business. Plus, the FT’s global pharmaceutical correspondent, Hannah Kuchler, explains how Pfizer came to dominate the market for Covid jabs and what the concerns are about the company’s market power.
Activist calls on Glencore to spin off coal assets
https://www.ft.com/content/6f5a8c43-76d4-4843-a15e-47bc767ec6d8
Jack Dorsey resigns as Twitter chief executive
https://www.ft.com/content/bf45fd08-51d1-41bb-82cd-b3157a5da055
The inside story of the Pfizer vaccine: ‘a once-in-an-epoch windfall’
https://www.ft.com/content/0cea5e3f-d4c4-4ee2-961a-3aa150f388ec
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Nations race to contain the Omicron variant
Read a transcript of this episode on FT.com
https://www.ft.com/content/f39ef841-2756-40c4-9da5-487316beac2e
Countries are imposing new lockdowns and travel restrictions to try and contain the new Omicron coronavirus variant, and the UK’s competition regulator is expected to try and reverse Meta’s acquisition of online gif platform Giphy. Plus, the FT’s Tehran correspondent, Najmeh Bozorgmehr, offers a view from Iran as the country prepares to sit down with Western powers in Vienna this week for talks intended at reviving the moribund nuclear accord.
Nations race to contain Omicron variant as more cases detected
https://www.ft.com/content/2da44fcf-99f7-43a8-b4b0-c3c1d4782cf3
UK regulator expected to block Meta’s $400m Giphy deal
https://www.ft.com/content/662c8e3f-4909-4bec-9131-c0237bb4897d
Iran’s Raisi under pressure to deliver as patience frays
https://www.ft.com/content/6ea22507-55c2-47d1-95c0-111ef1496163
Ghislaine Maxwell trial set to shed light on Epstein misdeeds
https://www.ft.com/content/58d5b0f8-c711-4bc8-b51a-6ce00bbeeeee
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: Eat, drink and be merry
What do you think of when you hear the words ‘British food’? This week, to celebrate the FT Weekend Magazine’s food and drink holiday special, we’re digging in. Food critic Tim Hayward praises modern British cuisine and challenges his compatriots to be proud of their food culture. Our team visits one of the last standing eel and pie shops in London to explore how culinary traditions survive. Then, Lilah learns a great holiday cocktail from one of Brooklyn’s best mixologists, Shannon Mustipher, author of Tiki: Modern Tropical Cocktails and the first African-American bartender to write a cocktail recipe book in 100 years.
If you want a great discount on an FT subscription or a $1 month-long trial, go here: http://ft.com/weekendpodcast
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Links from the episode:
— Tim Hayward on how Britain overcame its culinary cringe: https://www.ft.com/content/5e718d4e-140f-4991-9dd1-2779d64732c5
— Tim in this weekend’s Magazine Food and Drink Special, about the merry hell of Christmas: https://www.ft.com/content/fb718958-a556-42bb-9ac9-33b394f8fc52
— The 25 best hotel bars in the world, including Lilah’s recommendation: https://www.ft.com/content/a51b0215-344e-4aa0-b3b4-c5a78ddd8299
— Shannon Mustipher’s book, Tiki: Modern Tropical Cocktails: https://www.rizzoliusa.com/book/9780789335548/
— You can explore the whole magazine issue here: https://www.ft.com/magazine
Shannon’s cocktail: Tha God’s Honest Truth, inspired by El Diablo
1.75 oz Casa Dragones Tequila Blanco, 1 oz Ginger Beer (with low sugar content, like Fever-Tree), .75 oz Hisbiscus Syrup, .75 lemon Juice. Combine all but ginger beer in a shaker with ice. Shake and strain into a chilled Collins glass. Tip off with ginger beer, garnish with a lime wheel, then serve.
Sorrel (Hisbiscus) Syrup
500 ml water, 500 ml sugar, 2 -3 cinnamon sticks, 5 whole cloves. In a saucepan, toast the cinnamon and cloves for 2 minutes, until aromas are released. Add the water and bring to a soft boil (don’t over-boil). Add the sugar, reduce to a low simmer and whisk briskly to dissolve. Add ¾ cup dried hibiscus and simmer for 30-45 minutes, until desired flavor extraction is achieved. To serve: Strain out the solids and chill prior to use.
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Want to say hi? Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
Mixing and sound design by Breen Turner, with original music by Metaphor music.
Hosted on Acast. See acast.com/privacy for more information.
Biden’s strategic political reserve
Read a transcript of this episode on FT.com
https://www.ft.com/content/5074f2b1-fd14-490a-9234-3027d565adc9
President Joe Biden has authorised the release of 50m barrels of oil “over the coming months” from the US strategic petroleum reserve in a move co-ordinated with China, India, Japan, South Korea and the UK to drive down fuel prices and FT Video journalist and producer Donell Newkirk discusses his FT documentary on the evolution of the music industry.
US to release 50m barrels of oil from reserves - with Derek Brower
https://www.ft.com/content/4e7f2590-1a4f-4792-9e64-eafabdef6534
How to make money in the music business - with Donell Newkirk
https://www.ft.com/video/cae8ce65-9639-4c9d-978c-b5759d0774f5
Radiohead’s interactive ‘exhibition’ pushes music and games into new territory
https://www.ft.com/content/eb18c19a-d568-4436-991c-d4e302a3cdc0
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
China’s game-changing hypersonic technology
Read a transcript of this episode on FT.com
https://www.ft.com/content/e83a0e51-9195-4c95-8f0b-263f97794302
Joe Biden has nominated Jay Powell to serve a second term as chair of the Federal Reserve, opting for continuity as the US economy grapples with persistently high inflation and a patchy labour market recovery; China’s hypersonic weapons test in July included a technological advance that enabled it to fire a missile as it approached its target travelling at least five times the speed of sound, a capability no country has previously demonstrated and one that caught Pentagon scientists off guard.
Joe Biden nominates Jay Powell for second term as Fed chair
https://www.ft.com/content/9e9540a2-2ba8-4e0e-84d8-a1945c20453a
Chinese hypersonic weapon fired a missile over South China Sea, Pentagon struggles to understand how Beijing mastered technology
https://www.ft.com/content/a127f6de-f7b1-459e-b7ae-c14ed6a9198c
Uber to sell cannabis to customers in Canada
https://www.ft.com/content/22855150-d04c-4f43-adb1-f066c170555a
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The growing problem of space junk
Read a transcript of this episode on FT.com
https://www.ft.com/content/db10452c-ddf2-445a-a28f-34253506c142
Saudi Arabia has an ambitious goal to increase domestic military production as part of Crown Prince Mohammed’s plan to diversify the oil-dependent economy, video game maker Electronic Arts and football governing body Fifa are in a bitter dispute over the value of the Fifa name that could end their lucrative sports licensing partnership, and the FT’s international business editor Peggy Hollinger says Russia’s destruction last week of one of its old satellites adds to the risk of debris colliding with spacecraft.
EA and Fifa’s 30-year video game union at risk in battle over name - with Murad Ahmed
https://www.ft.com/content/433c3af7-6ea1-4c7f-ab94-94a431aec2d4
Russian satellite debris is a wake-up call for emerging space industry - with Peggy Hollinger
https://www.ft.com/content/c27d6560-8641-4f0c-926b-8278de737206
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: The art of conversation, with Ruby Wax
FT Weekend is a weekly Saturday show that brings the best of our Life & Arts journalism into audio form. You can follow it on its own feed at 'FT Weekend'. This week, we talk about conversation. Columnist Enuma Okoro explores what makes certain conversations feel good. Lilah and US Managing Editor Peter Spiegel chase the mystery of who actually wrote the US constitution along with esteemed historian William Ewald. And Ruby Wax, the iconic celebrity interviewer of the 90s, tells us how she got stars good and bad—from the Spice Girls to Bill Cosby—to open up and show us who they really are.
Links from the episode:
— The FT’s best books of 2021 (paywall): https://www.ft.com/booksof2021
— Enuma Okoro on the art of conversation: https://www.ft.com/content/7ea1d669-a490-418e-a4a0-5aa04175657a
— Watch Lilah’s full conversation with Ruby Wax: https://www.youtube.com/watch?v=E317YWBFyws
— Watch a lecture by UPenn law and philosophy professor William Ewald, on forgotten founding father James Wilson: https://vimeo.com/521928817
— Ewald’s published articles about Wilson: https://scholarship.law.upenn.edu/do/search/?q=author_lname%3A%22Ewald%22%20AND%20author_fname%3A%22William%22
Want to say hi? Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
If you want a great discount on an FT subscription or a $1/£1/€1 month-long trial, we’ve got you: http://ft.com/weekendpodcast
Mixing and sound design by Breen Turner, with original music by Metaphor music. ‘Yankee Doodle’ was performed by Carrie Rehkopf. Clips of Ruby Wax are from BBC.
Hosted on Acast. See acast.com/privacy for more information.
Euro drama in currency markets
Read a transcript of this episode on FT.com
https://www.ft.com/content/896cc408-68c4-4fd1-960b-85bb18843384
Ford and General Motors said on Thursday that they are improving links with semiconductor manufacturers to improve their supply of electronic chips as the car industry confronts a shortage. Some foreign companies are still investing in Turkey despite the country’s ailing economy. Plus, the FT’s markets editor, Katie Martin, explains why the euro is losing value against the US dollar and why it could potentially make inflation worse.
Ford and GM pursue ties with semiconductor groups to boost chip supply
https://www.ft.com/content/06252ac7-5b10-45d8-834f-c7180722bda0
Euro hit by bets ECB monetary policy will diverge from major peers - with Katie Martin
https://www.ft.com/content/f09a8ba8-c196-46d0-8fe7-15d6ae64364f
Turkey defies warnings and cuts interest rates
https://www.ft.com/content/2db0434d-2851-4485-850d-06cfca32ff22
FT News Briefing wins Gold and a People’s Lovie Awards:
https://winners.lovieawards.com/?_ga=2.160925368.480629916.1637093197-697055072.1634666649#!p=118
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
EV market capitalisations go bonkers
Read a transcript of this episode on FT.com
https://www.ft.com/content/eb7eaf32-597e-403a-bb3c-71290113ad92
US President Joe Biden has called on the Federal Trade Commission to investigate whether the country’s biggest oil companies are engaged in “potentially illegal conduct”, the euro fell to its lowest level in 16 months this week as currency markets bet on divergence between the ECB and other major central banks. Plus, the market capitalisation of electric vehicle upstart Rivian has surpassed that of VW and FT global motor industry correspondent Peter Campbell explains why investors are piling into EV shares.
Joe Biden demands probe of ‘potentially illegal conduct’ in oil sector - with Lauren Fedor
https://www.ft.com/content/66df689f-8a8e-4adb-a57a-664142c8be46
Euro hit by bets ECB monetary policy will diverge from major peers
https://www.ft.com/content/f09a8ba8-c196-46d0-8fe7-15d6ae64364f
EV maker Rivian eclipses Volkswagen in value while Lucid overtakes Ford - with Peter Campbell
https://www.ft.com/content/a0575122-404d-4d11-b54b-f1af77733a4e
Staples Center in Los Angeles to be renamed Crypto.com Arena - with Sara Germano
https://www.ft.com/content/0e4af0d3-0ae9-48c5-8aee-9a1a9a5721a4
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
On trial in the Vatican
Read a transcript of this episode on FT.com
https://www.ft.com/content/e08f700a-75e9-427d-b360-2a7c99c3fb24
Joe Biden and Xi Jinping have agreed to hold talks aimed at reducing tensions as US anxiety grows over China’s expanding nuclear arsenal and its recent test of a hypersonic weapon, Germany’s energy regulator said it had “temporarily suspended” certification of the Kremlin-backed Nord Stream 2 pipeline, and today a high stakes trial involving the Holy See’s investments in a London property development is set to resume in a court in the Vatican.
US and China agree to hold talks on nuclear arsenals
https://www.ft.com/content/6e8ad43b-0bb8-4d03-b768-dcb534589841
Germany suspends certification of Nord Stream 2 pipeline - with Erika Solomon
https://www.ft.com/content/a5141b69-0655-48b2-a53a-76d841b02702
Vatican cardinal goes on trial in landmark financial corruption case - with Miles Johnson
https://www.ft.com/content/9ead42bd-d6bb-4b02-b160-00cfd0e400f3
UK ad watchdog investigates ‘meme coin’ Floki Inu’s London marketing blitz
https://www.ft.com/content/741bc6ac-74cc-405b-a9f3-93d2a98bfeca
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Shell shifts HQ to the UK
Read a transcript of this episode on FT.com
https://www.ft.com/content/fe1805b2-ef2f-48b4-9ca3-37e8c5f82e11
The use of brand new “virgin” plastics by some of the world’s largest brands has peaked and is on track to fall significantly by 2025, US coal prices have jumped to their highest level in more than 12 years. Plus, the FT’s business columnist, Helen Thomas, explains why Royal Dutch Shell is leaving Amsterdam for the UK.
Global brands’ use of ‘virgin’ plastics on track for significant drop by 2025
https://www.ft.com/content/c4a4e31d-dbe2-4a54-b059-88d175bef5f2
US coal prices jump to highest level since 2009
https://www.ft.com/content/180e4544-6448-48d2-a347-5f9d27b43d61
Dutch government scrambles to keep Shell in Netherlands
https://www.ft.com/content/6339b89b-af46-480f-b34e-8c7fb6ae1e60
Oatly shares tumble as plant-milk maker warns on revenues
https://www.ft.com/content/a17345bc-9306-44ca-8e6c-26fc071166cc
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Brexit drama 2.0
Read a transcript of this episode on FT.com
https://www.ft.com/content/42928696-226a-4d50-9a49-4ee16f8b107f
Beijing has accused the EU of risking damage to world supply chains by throwing up regulatory and trade hurdles to foreign businesses, and the COP26 UN climate summit in Glasgow led to an agreement among 197 countries on new rules for limiting greenhouse gas emissions. Plus, the FT’s EU correspondent, Andy Bounds, explains Article 16 and why the Brexit deal could unravel over Northern Ireland.
China accuses the EU of threatening global trade
https://www.ft.com/content/9c9dbc9e-1d33-4e41-9c79-b0df51cd678e
COP26 agrees new climate rules but India and China weaken coal pledge - with Emiliya Mychasuk
https://www.ft.com/content/c891d4af-f80b-48f0-8b6f-a8763655c936
Northern Ireland Brexit deadlock: what is Article 16 and what happens if it is triggered? - with Andy Bounds
https://www.ft.com/content/b09a58c0-27fb-4453-a6a0-1f2cd74b9ea2
Premier League closes in on record sale of US TV rights
https://www.ft.com/content/1cb410ac-983d-43da-bd1e-e4faa808d157
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: How to live forever
FT Weekend is a weekly Saturday show that brings the best of our weekend journalism into audio form, with everything from culture and food and the arts, to nuanced questions and big ideas. In this episode, we ask the question: what does it mean to defy death? Rock climber Leo Houlding tells us about his terrifying family holidays, scaling vertical cliff-faces with his two young kids. We also explore radical life extension with science writer Anjana Ahuja. How close are we scientifically to extending the human lifespan to 150 or 200? What are the implications when we get there? And do we really want to live forever? PLUS: inside the luxury life extension market, with How to Spend it writer Tiffanie Darke.
Links from the episode:
— Leo Houlding’s extreme family holiday in Wyoming’s wild west: https://www.ft.com/content/0bcba30a-bb46-4bc1-8a7d-9166dc43a5e8
— Anjana Ahuja on whether we can live forever: https://www.ft.com/content/60d9271c-ae0a-4d44-8b11-956cd2e484a9
— Inside the life extension market, with Tiffanie Darke: https://www.ft.com/content/867e647b-c0e8-4aeb-9777-fedff7ec3476
Want to say hi? Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
If you want a great discount on an FT subscription or a $1/£1/€1 month-long trial, we’ve got you: http://ft.com/weekendpodcast
Mixing and sound design by Breen Turner, with original music by Metaphor music.
Hosted on Acast. See acast.com/privacy for more information.
Facebook’s whistleblower goes to Europe
Toshiba has ruled out pursuing a deal to take the whole company private and is set to reveal a plan to split the business in three, and Facebook’s whistleblower is calling on the UK and EU to do more to control online harm. Plus, the FT’s markets editor, Katie Martin, will dive into the latest US inflation report and Elon Musk’s sale of 10 per cent of his Tesla shares.
Toshiba rules out deal to take whole group private
https://www.ft.com/content/045c6366-3c54-4462-89b4-95246122c948?
Facebook whistleblower warns UK and EU to do more to control online harm with Madhumita Murgia
https://www.ft.com/content/dcc9c9bf-2abe-4167-aaac-efc067d5a359
VIDEO: Facebook whistleblower on 'harmful but legal' content | FT interview
https://www.ft.com/video/19aaadc2-a12a-4404-81c7-384a6c63fb49
Inflation is bad, but not worse - with Katie Martin
https://www.ft.com/content/201ab9be-60f5-4ed1-88be-58639e89f4c8
Elon Musk offloads nearly $5bn in Tesla shares
https://www.ft.com/content/c88eaf9f-6d56-4cb3-9fd5-22847835f73b
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Inflation bites Biden
Read a transcript of this episode on FT.com
https://www.ft.com/content/7d4a1b33-d4a4-4bff-a305-23c082be7c57
US consumer prices jumped in October at the fastest pace in three decades, and shares of electric truck startup Rivian soared on its first day of trading. Plus, the FT’s Latin America editor, Michael Stott, explains why Colombia’s president is castigating cocaine users for their role in destroying the Amazon rainforest.
US consumer prices rise at fastest pace in three decades - with Colby Smith
https://www.ft.com/content/5a5a7e5f-4207-4de1-9432-002f96de67bb
Electric vehicle start-up Rivian soars on stock market debut - with Dave Lee
https://www.ft.com/content/e2fb010f-0d29-4e80-8ad7-797973d463f7
Colombia’s president says cocaine users culpable in Amazon destruction - with Michael Stott
https://www.ft.com/content/375f07cd-4c3b-404a-b812-1b81dca7c1c7
Disney’s streaming growth disappoints in fourth quarter
https://www.ft.com/content/9d8fedd1-36db-45c8-8596-dce1905ec6f7
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Big investors get tougher with companies over climate change
Read a transcript of this episode on FT.com
https://www.ft.com/content/5656f24c-a8db-4626-bd6f-c2ab0aa4aa8c
General Electric plans to break into three separate companies after years of trying to respond to flaws in its business model exposed by the financial crisis, China’s President Xi Jinping is paving the way for his unprecedented bid for a third term in power. Plus, the FT’s investment correspondent, Attracta Mooney, explains why a growing number of asset managers are getting tougher on companies in their portfolios to address climate change.
30-day free trial of the Moral Money newsletter:
http://www.ft.com/cop26podcast
GE to split into healthcare, energy and aviation companies - with Andrew Edgecliff-Johnson
https://www.ft.com/content/fb73e702-e885-4c20-8857-ddd29dc623af
Xi lays groundwork for third term by adopting Mao and Deng’s power play - with Tom Mitchell
https://www.ft.com/content/71b165a6-052d-4d7d-9006-e2e757f40d98
Stay or sell? The $110tn investment industry gets tougher on climate - with Attracta Mooney
https://www.ft.com/content/ee08d61d-4c98-4398-9971-93036d67e91e
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Elon Musk’s Twitter followers say sell
Read a transcript of this episode on FT.com
https://www.ft.com/content/64380f52-df32-4ad7-b2b6-fec42ee95ce1
Federal Reserve governor Randal Quarles’ decision to leave the US central bank next month creates yet another opening for the Biden administration to fill amid uncertainty about the institution’s leadership, Tesla shares fell nearly 5 per cent on Monday after millions of Twitter users polled by chief executive Elon Musk concluded that he should sell 10 per cent of his stake in the electric carmaker. Plus, SoftBank founder Masayoshi Son has promised an $8.8bn share buyback programme over the next 12 months.
30-day free trial of the Moral Money newsletter:
http://www.ft.com/cop26podcast
Tesla shares slide after Musk’s Twitter poll backs stake sale - with Richard Waters
https://www.ft.com/content/2ac226d6-0eba-4f97-91c1-fb70076c20b0
Fed governor Randal Quarles to leave post next month - with James Politi
https://www.ft.com/content/6e312624-0399-4d76-85e9-80e61f1f8c91
SoftBank unveils $8.8bn share buyback following investor pressure - with Kana Inagaki
https://www.ft.com/content/ca7df7d4-7e7e-43b2-85d6-36432d0d9d66
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Why footballers stumble in their finances
Read a transcript of this episode on FT.com
https://www.ft.com/content/e9bcbc06-e603-4baf-b5d1-fd8603103bb5
French authorities have opened an investigation into the French operations of UK metals magnate Sanjeev Gupta, and President Joe Biden is moving ahead with his next bill on his ambitious legislative agenda while struggling to revive his political fortunes. Plus, the FT’s Money Clinic podcast host, Claer Barrett, talks about the financial minefields that young British footballers often fail to navigate.
30-day free trial of the Moral Money newsletter:
http://www.ft.com/cop26podcast
French prosecutors investigate Sanjeev Gupta’s business empire
https://www.ft.com/content/b9debac5-bf40-4392-ab9f-2bdb70dcae28
Biden seeks course out of doldrums after US legislative victory - with Lauren Fedor
https://www.ft.com/content/fa0282fd-e8dc-43f1-8222-39e1efdc262e
The financial secrets of footballers, part one - with Claer Barrett
https://www.ft.com/content/962ee94e-1b6d-4631-a6ab-08ff3abea724
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Bond investors and central banks
Read a transcript of this episode on FT.com
https://www.ft.com/content/d6716d79-4cbd-4955-b07b-64740a4a6d5b
The White House has said Opec+ risks imperilling the global economic recovery by refusing to speed up oil production increases, and SoftBank founder Masayoshi Son is facing pressure to announce a new stock buyback programme next week. Plus, the FT’s markets editor, Katie Martin, explains how inflation has complicated the relationship between markets and central banks.
30-day free trial of the Moral Money newsletter
http://www.ft.com/cop26podcast
White House says Opec risks imperilling economic recovery - with Derek Brower
https://www.ft.com/content/4a2fc7b2-c963-4418-9997-d1bf203c3a35
SoftBank under pressure from investors to prop up share price
https://www.ft.com/content/d5fe83e9-f663-4cdb-90b6-6663683c6ba1
Global bonds rally strongly after Bank of England leaves investors ‘wrongfooted’ - with Katie Martin
https://www.ft.com/content/a9c896fc-34a4-44a9-9499-085c3f5c40ec
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Argentina vs the IMF
Read a transcript of this episode on FT.com
https://www.ft.com/content/22e5487a-3e75-46db-abf0-c8e5e5fd7ad4
The Federal Reserve said it would begin scaling back its massive $120bn monthly bond-buying programme this month, the British government has approached Qatar with the intention of the Gulf state becoming a gas “supplier of last resort”, and Iran will resume stalled talks on November 29 with global powers aimed at reviving the country’s ailing nuclear deal. Plus, the FT’s Latin America editor, Michael Stott, explains why Argentina is having a hard time coming to an agreement with the IMF during debt negotiations.
30-day free trial of the Moral Money newsletter:
http://www.ft.com/cop26podcast
Fed to start winding back $120bn-a-month stimulus programme - with Colby Smith
https://www.ft.com/content/d10c157f-5530-48a0-9c5f-afed19057d8a
Iran talks over nuclear deal to restart on November
https://www.ft.com/content/aa012e45-e2b6-4a65-840d-591450260e0f
Argentina hardens stance against IMF as debt renegotiations bog down - with Michael Stott
https://www.ft.com/content/814e0898-30d5-4b4f-b468-dddfd447af7c
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Financing the fight against climate change
Read a transcript of this episode on FT.com
https://www.ft.com/content/44757917-71f4-4699-8bde-49ebd15feebe
Banks have watered down climate pledges and continued to finance the fossil fuel industry in the six years since the Paris accord was signed, and Gulf states are making net zero carbon emission pledges but say they need to keep oil flowing to fund their green energy transitions. Plus, the FT’s US editor-at-large, Gillian Tett, explains how private institutions are stepping up to fund the fight against climate change.
30-day free trial of the Moral Money newsletter:
http://www.ft.com/cop26podcast
Banks face accusations of greenwashing as global warming fears mount
https://www.ft.com/content/0ea3267c-d61f-4120-a976-0b81b60836c5
Climate finance: where does all the money go?
https://www.ft.com/content/d9e832b7-525b-470b-89db-6275853315dd
Gulf states push for net zero but warn ‘we can’t just switch off the tap’
https://www.ft.com/content/fbc33e10-fc4f-481e-8516-52a6bcf9dec3
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Apple’s privacy policy wreaks havoc on rivals
Read a transcript of this episode on FT.com
https://www.ft.com/content/d5d05648-ea0e-4c8a-ac0f-daad0d8ce5fb
World leaders warned of severe consequences of nations failing to strike deals to limit global warming at the opening session of the Glasgow COP26 UN climate conference, and Barclays’ chief executive Jes Staley is stepping down following a regulatory investigation into the way he described his relationship with disgraced financier and sex offender Jeffrey Epstein. Plus, the FT’s chief business columnist explains why Apple’s new privacy policy demonstrates the power it has over its rivals.
FT COP26 live blog:
https://www.ft.com/content/e9f81272-3986-44de-9715-e83ec9be2bd2
COP26: A moment of truth
https://www.ft.com/content/71e84776-862f-476d-a795-be6f85d8e25d
Barclays chief Jes Staley to step down following Epstein investigation
https://www.ft.com/content/9b778298-e1ab-4c5c-b03f-f73ecaee0117
Apple has too much power over its rivals
https://www.ft.com/content/94d9f964-10d8-4ff3-9781-821f3fc9ee3a
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
COP26: a climate gathering like no other
Read a transcript of this episode on FT.com
https://www.ft.com/content/24a0e0ed-749d-4b6e-adbd-1f3c3a6cadb3
The FT’s clean energy and environment correspondent, Leslie Hook, has a curtain raiser on COP26, the most important climate summit since the 2015 Paris agreement. Plus, the FT’s US financial commentator Rob Armstrong and US editor- at-large and Moral Money newsletter founder Gillian Tett go head-to-head in a debate over whether investing in environmental, social and governance causes can really change the world.
COP26 summit is a pivotal moment for the planet - with Leslie Hook
https://www.ft.com/content/6ad9c521-b5ae-4876-be89-97d978485d48
The ESG investing industry is dangerous - with Robert Armstrong
https://www.ft.com/content/ec02fd5d-e8bd-45bd-b015-a5799ae820cf
Gillian Tett explains ESG's importance - with Gillian Tett
https://www.ft.com/video/eba8dff7-ae9e-47db-b054-c8ed52ad8e79
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Introducing Working It: Can wellness apps fix us and beat staff burnout?
This is the podcast about doing work differently. Join host Isabel Berwick every Wednesday for expert analysis and watercooler chat about ahead-of-the-curve workplace trends, the big ideas shaping work today — and the old habits we need to leave behind.
Subscribe on Apple https://podcasts.apple.com/gb/podcast/working-it/id1591925469
On Spotify https://open.spotify.com/show/5vNDHxEOc1pI1acJS7He5e
Or wherever you get your podcasts.
The wellness industry is a trillion-dollar business, and the pandemic has turbo-charged it. One of the biggest trends has been the rise in employers buying their staff access to meditation and fitness apps. But does this ‘quick fix’ approach work? And are there better ways to boost wellbeing ?
Isabel talks to Lorna Borenstein, chief executive of Grokker, a corporate wellness app about the reasons why she set up the platform and how clients and her own staff use it. It’s all part of a culture of taking care of employees - a topic Lorna has explored more deeply in her book It’s Personal, offering advice to other managers on how to help staff feel better [tl;dr: talk less, listen more].We also speak to FT colleague Emma Jacobs, about the corporate care culture. She is a little more skeptical.
We would love to hear from you - email us at workingit@ft.com. You can also follow @isabelberwick on Twitter and Instagram or reach out via email: isabel.berwick@ft.com. Thanks.
Mentioned in the podcast and other interesting reading:
- Emma Jacobs’ prophetic pre-pandemic guide to workplace wellness by app: https://www.ft.com/content/d1d58aae-437c-11ea-abea-0c7a29cd66fe
- FT series, Burnout: https://www.ft.com/burnout
- Deloitte report [2020] on employee mental health showing £5 benefit for every £1 spent: https://www2.deloitte.com/uk/en/pages/consulting/articles/mental-health-and-employers-refreshing-the-case-for-investment.html
- Video, Emma Jacobs on how to detox from your smartphone: https://www-ft-com.newman.richmond.edu/video/b4115321-b915-3a42-9814-ad0be4c0e7f5?playlist-name=section-0b83bc44-4a55-4958-882e-73ba6b2b0aa6&playlist-offset=206
Presented by Isabel Berwick. Editorial direction from Renée Kaplan. Assistant producer is Persis Love. Sound design is by Breen Turner, with original music from Metaphor Music. Produced by Novel.
Hosted on Acast. See acast.com/privacy for more information.
Special episode: a trip to the NYSE trading floor
Read a transcript of this episode on FT.com
https://www.ft.com/content/e66c93b1-996c-48ea-9a13-597410ec7e47
Facebook is changing its name to Meta, and the European Central Bank is proving a tough read for bond investors, and what are those ads appearing in London’s transit system advertising a new “meme” coin Floki Inu? Plus, the New York Stock Exchange has the last open outcry trading floor. We’ll take you there to meet some of the people who work there, and find out what humans bring to market quality.
Facebook changes name to Meta in corporate rebranding
https://www.ft.com/content/b20fd8ea-2dda-45ad-aa15-1ed7a7e5e46f
How coronavirus turned the business of trading at banks on its head
https://www.ft.com/content/8066154d-83c4-49a6-97d4-4c3c65684136
ECB keeps buying bonds and leaves rates unchanged despite rising inflation
https://www.ft.com/content/c1246d03-0902-4766-95c9-866324f22c99
‘Meme’ coin seeks to tap crypto craze with London ad barrage
https://www.ft.com/content/b4da6160-a632-423b-8d8b-ca86489f1d22
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The risks of private capital
Read a transcript of this episode on FT.com
https://www.ft.com/content/c0ee2974-0e6d-43b4-ae05-6c4be9aea94f
Activist hedge fund Third Point is pressuring Royal Dutch Shell to break itself up, and Israel’s coalition government is trying to find its footing in a post-Netanyahu era. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains what makes him wary of private markets.
Activist fund Third Point calls for break-up of Shell - with Derek Brower
https://www.ft.com/content/b4fc6926-e991-43ca-9ac8-3b1478c23dd5
Israel breaks out of its global isolation
https://www.ft.com/content/a67207a6-e2ec-41f3-a29d-f28d202468aa
Moody’s warns of ‘systemic risks’ in private credit industry
https://www.ft.com/content/862d0efb-09e5-4d92-b8aa-7856a59adb20
The dangerous private capital party - with Robin Wigglesworth
https://www.ft.com/content/0db2f539-8860-461b-9435-35e971581629
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Poland versus the EU
Read a transcript of this episode on FT.com
https://www.ft.com/content/8bb01ecf-622f-462f-b090-6cf5fa69a2ec
Trading app Robinhood’s third-quarter earnings flopped, Google’s parent company Alphabet smashes expectations, and UK chancellor Rishi Sunak is expected to commit to fiscal discipline when he announces his budget today. Plus, the FT’s eastern European correspondent, James Shotter, explains how Poland has become one of the biggest thorns in the EU’s side.
Robinhood disappoints as crypto activity fades - with Madison Darbyshire
https://www.ft.com/content/b891e200-da57-4dcb-bda4-e0bcc6de228e
Alphabet and Microsoft smash estimates with $110bn revenue haul
https://www.ft.com/content/273aeecb-57a8-40f8-a2ba-8a21a635b289
Sunak to commit to fiscal discipline in Budget - with Chris Giles
https://www.ft.com/content/3fe18137-a4cf-4bd1-9985-1669b808016b
How Poland became Europe’s biggest rebel - with James Shotter
https://www.ft.com/content/d59e9054-95ba-4093-b1cf-3ead1bae0982
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Dirty green jobs, and the $1tn carmaker
Read a transcript of this episode on FT.com
https://www.ft.com/content/910fcfd8-05e8-43c3-8a30-dc8388964302
Tesla has become the first carmaker to be valued at $1tn, and internal documents from inside Facebook continue to reveal troubling company practices. Plus, FT workplace columnist Sarah O’Connor explains that “green jobs” aren’t always safe for workers.
Tesla soars past $1tn in market value
https://www.ft.com/content/4eb7504e-94ef-4f99-937d-807aa159b282
Not all green jobs are safe and clean
https://www.ft.com/content/111f9600-f440-47fb-882f-4a5e3c96fae2
Four revelations from the Facebook Papers
https://www.ft.com/content/80550e88-eee8-475e-aada-d3d4618a3ff6
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The South Korean ‘wave’ has gone global
Read a transcript of this episode on FT.com
https://www.ft.com/content/08263cf5-1d37-4296-a43f-4bf006e5a03a
Poland’s prime minister has accused the EU of making demands with a “gun to our head,” Russian mercenaries are wreaking havoc in the Central African Republic. Plus, the FT’s Ed White discusses the global popularity of South Korea’s entertainment industry, and why China’s recent crackdowns might threaten its success.
Poland’s prime minister accuses EU of making demands with ‘gun to our head’
https://www.ft.com/content/ac57409d-20c9-4d65-9a5d-6661277cd9af
Russian mercenaries leave trail of destruction in the Central African Republic
https://www.ft.com/content/020de965-429e-4fb9-9eed-f7e4370514b3
South Korean companies face own ‘Squid Game’ in Xi Jinping’s China
https://www.ft.com/content/c0d19bf4-4e5b-4f61-8905-d1abc9d2664c
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Turkey’s Central Bank of Erdogan
Read a transcript of this episode on FT.com
https://www.ft.com/content/7be2e128-c34c-45fb-991a-1d6f16ba3cd9
The US Federal Reserve has adopted new rules banning its policymakers and senior staff from buying individual shares and a number of other investments; Donald Trump announced plans to launch a media technology business that is set to go public after it merged with a Spac on Thursday. Plus, Turkey’s central bank has defied warnings from the business world and opposition parties by slashing its main interest rate despite rising inflation and an ailing currency; short-seller Hindenburg Research has set its sights on Tether and launched a $1m “bounty” programme for information on the stablecoin company at the centre of the global cryptocurrency market.
US Federal Reserve bans officials from trading shares in wake of scandal
https://www.ft.com/content/0b99a7a9-21be-4e67-a135-14bba49d6216
Trump to launch social media platform to compete with Twitter and Facebook
https://www.ft.com/content/0c989fd1-2e1a-4509-a478-02bb494f40de
Turkish lira tumbles as central bank slashes interest rate
https://www.ft.com/content/53d3e970-c71e-42d5-b38b-6e8ca2d32c35
Short-seller Hindenburg sets $1m ‘bounty’ for details on Tether’s reserves
https://www.ft.com/content/5b62d83d-c5f0-4586-b68c-b6facaba83a4
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael
Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
More Saudi women join the workforce
Read a transcript of this episode on FT.com
https://www.ft.com/content/9c52937f-8f75-4d9d-8a62-8479a818ef45
The ECB is pushing banks to add hundreds of extra staff and billions of extra capital to their post-Brexit operations, and Turkey could be ‘grey-listed’ today by a global financial watchdog. Plus, the FT’s Middle East editor, Andrew England, explains that Saudi Arabia is turning to women to boost employment.
VOTE: The FT News Briefing has been nominated for the Lovie Awards news & politics podcast category!
https://vote.lovieawards.com/PublicVoting#/2021/podcasts/general-series/news-politics
ECB pushes banks to beef up their post-Brexit plans
https://www.ft.com/content/39591ec1-98ca-4b47-9aa7-2cb184127d9f
Turkey faces threat of ‘grey-listing’ by global finance watchdog
https://www.ft.com/content/74ff270e-6f1d-489f-802b-cd9b36c86fa3
Saudi attitudes to women in the workplace change as job market gets kickstart
https://www.ft.com/content/55ec5e7a-a520-4969-ab90-f5b528c6c3f9
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The crash landing of Austria’s chancellor
Read a transcript of this episode on FT.com
https://www.ft.com/content/a263a468-2f91-490c-896c-a232866afb4e
China has told McDonald’s to expand a digital renminbi payments system at restaurants across the country before the Beijing Winter Olympics; and about a quarter of all US infrastructure is at risk of serious flooding, which could hit prices in the $4tn municipal bond market. Plus, the FT’s Sam Jones discusses the scandal that led to the spectacular downfall of former Austrian chancellor Sebastian Kurz and what could be next for the country.
VOTE: The FT News Briefing has been nominated for the Lovie Awards news & politics podcast category!
https://vote.lovieawards.com/PublicVoting#/2021/podcasts/general-series/news-politics
Beijing presses McDonald's to expand e-currency system before Olympics
https://www.ft.com/content/1f4274f4-b914-4534-89c0-62b9b7763f2b
Flooding could leave billions of US municipal debt under water
https://www.ft.com/content/da0ac736-7c38-4f93-baaf-e315a51faf22
Rise and fall: the scandal that toppled Austria’s Sebastian Kurz
https://www.ft.com/content/fc574b47-195c-4e7f-a442-12b6c8f0c97d
WeWork to make belated arrival on stock market after Spac merger
https://www.ft.com/content/258121b8-299e-4993-91d9-cb2a18d387f4
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Japan refocuses on semiconductors
Read a transcript of this episode on FT.com
https://www.ft.com/content/ad0b0068-1100-49b9-bc88-2055e1936efc
A bitcoin-linked ETF is on track to debut on the New York Stock Exchange on Tuesday, marking the first time regular investors will be able to gain exposure to cryptocurrencies through a big Wall Street bourse; China’s hypersonic missile test stuns the US military and intelligence community; and the FT’s Tokyo bureau chief, Kana Inagaki, spoke to Japan’s minister for economic security about the country’s new semiconductor strategy.
Bitcoin exchange traded funds prepare for US debut
https://www.ft.com/content/d7601039-e98e-47c8-97af-79f96c2c3d94
China tests new space capability with hypersonic missile
https://www.ft.com/content/ba0a3cde-719b-4040-93cb-a486e1f843fb
Japan plans long-term strategy to build semiconductor resilience
https://www.ft.com/content/f59173b6-211c-4446-aa57-5c9b78d602c2
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
We answer a listener question about population growth
Read a transcript of this episode on FT.com
https://www.ft.com/content/2d52df0d-ba41-45e3-9a0f-bb72a22f7d7c
The rising cost of fuel is threatening airlines’ recovery from the pandemic. Plus, a listener asked us if economic growth is tied to population growth. The FT’s statistical journalist, Federica Cocco, has been exploring this very question and says the answer is more complex than it may seem.
Fuel price spike threatens airlines’ recovery from pandemic
https://www.ft.com/content/cb53e204-362d-4dd1-b84d-9e697b92e692
Do you have a financial or economic question you want us to answer? Email Marc at marc.filippino@ft.com.
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
S&P stink bomb, LinkedIn loves Ted Lasso
Read a transcript of this episode on FT.com
https://www.ft.com/content/50168b7b-c72d-4443-965f-4a26d79f6a40
Fumio Kishida talks to the FT in his first interview as Japan’s new prime minister, an academic paper suggests that entry into the S&P 500 could be influenced by whether companies buy other services from the index’s parent company S&P Global. Plus, the FT’s Pilita Clark explains that Ted Lasso has been a surprise hit on the networking site LinkedIn because of the leadership lessons in the comedy series.
Prime minister Fumio Kishida pledges to steer Japan away from Abenomics
https://www.ft.com/content/ffa6754f-3c12-4729-921d-aa2acc5e96ee
Entry into S&P 500 could be influenced by ratings sales, research suggests
https://www.ft.com/content/bf66d606-b2a2-4f79-a93e-908e7bb9425a
Ted Lasso’s leadership lessons
https://www.ft.com/content/238bca26-c48e-4d36-b00a-6e30eee28250
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Women still battle for start-up finance
Read a transcript of this episode on FT.com
https://www.ft.com/content/d8781394-95a8-4411-9f19-69ddbb7e3200
UK ministers trying to fund the government’s ‘levelling up’ agenda are looking to relax rules shielding tens of millions of retirement savers from high charges, Latin American tech start-ups are attracting more investment than south-east Asia. Plus, the FT’s business columnist, Helen Thomas, explains why women entrepreneurs are locked out of venture capital circles that are dominated by men.
Pension savers face risk of higher fees as Sunak seeks billions for ‘levelling up’
https://www.ft.com/content/a8cad0f1-fd85-40ed-aa19-e71728f10825
How Latin America became tech’s next big frontier - with Michael Stott
https://www.ft.com/content/5440b1cf-3523-4a4d-96bc-07a2c2132069
Start-up finance is a closed shop for women - with Helen Thomas
https://www.ft.com/content/60caa57e-d40d-4d6f-974a-1d14a3798d27
China/inflation: soy sauce price rise serves up global warning
https://www.ft.com/content/9f8f6fea-467e-4bd8-aad2-77baf831dbdd
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
US solar project gives clean energy proponents a beacon of hope
Read a transcript of this episode on FT.com
https://www.ft.com/content/9a0a8048-a6e1-4557-8b0a-37fb5bf67e84
The global economy is entering a phase of inflationary risk, the IMF warned on Tuesday, as it called on central banks to be “very, very vigilant” and take early action to tighten monetary policy should price pressures prove persistent; resurgent consumer demand in the US is feeding hopes of a strong holiday shopping season but that demand is further straining supply chains and many large retailers are stocking up on merchandise much earlier than usual; and a huge solar array on Colorado’s southern High Plains will officially launch this week, giving green energy proponents a new beacon for their cause.
IMF warns of need to be ‘very, very vigilant’ over rising inflation risks - with Colby Smith
https://www.ft.com/content/f73d584f-fb2a-4a2f-ab8a-fa759031fa59
Georgieva keeps job but close decision leaves cloud over IMF - with Colby Smith
https://www.ft.com/content/f0db92e6-38f4-44e6-ba54-831b8b526dcf
US Christmas retail crush comes early as supply chains buckle - with Andrew Edgecliffe-Johnson
https://www.ft.com/content/600b73e9-df2b-4748-8201-6ae8bb1213bf
Solar-powered steel mill blazes trail for green energy transition - with Derek Brower
https://www.ft.com/content/f6693948-2c3d-4508-96cf-c374ef0fa6ad
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
How Elon Musk’s new rocket could transform the space race
Read a transcript of this episode on FT.com
https://www.ft.com/content/ee0421e8-e101-4b0b-811e-0125c6be2449
Henry Kravis and George Roberts stepped down from KKR on Monday after nearly half a century in charge of one of the most formidable financial enterprises that Wall Street has ever known, the price of US crude oil hit a fresh seven-year high on Monday on fears that fuel demand was recovering faster from last year’s economic slowdown than producers could bring supply to the market, and Elon Musk hopes that Space X’s Starship will help take humans to Mars while rivals fear it will dominate US deep space exploration.
US oil benchmark hits another seven-year high amid supply fears
https://www.ft.com/content/fbd93abc-beae-49b1-a9dc-b648aaccdb55
Henry Kravis and George Roberts step down as KKR chiefs - with Antoine Gara
https://www.ft.com/content/242ff7f2-4f31-4fc1-9f73-fe5db25260a1
SpaceX: how Elon Musk’s new rocket could transform the space race - with Richard Waters
https://www.ft.com/content/25e2292b-a910-41c8-9c55-09096895f673
Three economists share Nobel Prize for pioneering ‘natural experiments’
https://www.ft.com/content/529519b0-d799-4217-9aa6-975db28ab478
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
IMF leadership scandal clouds annual meetings
Read a transcript of this episode on FT.com
https://www.ft.com/content/4ce62a29-5401-4fa1-8af4-20e892e50fe8
Divisions between the US and Europe over whether Kristalina Georgieva should remain in her post as IMF chief are set to overshadow the fund’s flagship annual meetings this week, and the Chinese company BYD is one of the world’s biggest electric vehicles battery makers and also makes its own EVs which it hopes to market globally; and our Science Editor, Clive Cookson, talks about new research into personalised treatments for depression using electrical brain implants, or neural electronics, that also could be used for other conditions.
Divisions over Georgieva’s fate to overshadow IMF annual meeting - with Colby Smith
https://www.ft.com/content/a0cfb7d5-ad32-4aa1-9e08-952accde5b44
Battery technology gives China an opening in electric vehicles - with Henry Sanderson
https://www.ft.com/content/fcbc860b-51cd-40d8-b65f-db97ce9adc57
Electrical brain implants: a new way to treat depression? - with Clive Cookson
https://www.ft.com/content/b255322b-eb91-4898-aa79-e29d51794b73
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Introducing Behind the Money, Inside ESG: The tiny fund that took on a US giant and won
The story of how a tiny, unknown hedge fund took on a giant of corporate America over climate change - and won. Charlie Penner of Engine No 1 talks about the very public proxy campaign he launched against Exxon Mobil, forcing the oil major to prepare for a future free of fossil fuels.
In the third episode of our special five-part series on sustainable or ESG investing, produced in partnership with the FT’s Moral Money team, Derek Brower, US energy editor, and Attracta Mooney, the FT’s investment correspondent, reflect on whether the battle between Engine No 1 and Exxon marks the beginning of a new kind of activist investor.
Engine No 1, the giant-killing hedge fund, has big plans
DWS probes spark fears of greenwashing claims across investment industry
Check out stories and up-to-the-minute news from the Moral Money team here.
Get 30 days of the premium Moral Money newsletter free, together with complimentary access to FT.com for the same period, visit www.ft.com/insideesg
Review clips: The Sun, Channel 4 News, Euronews, PBS Newshour, GMA, CNN, CNBC, ExxonMobil
Hosted on Acast. See acast.com/privacy for more information.
Ireland signs on to landmark global corporate tax deal
Read a transcript of this episode on FT.com
https://www.ft.com/content/fca004be-9f93-4681-bdd1-931ba5c2f50f
Ireland has finally abandoned its cherished 12.5 per cent corporate tax rate and signed up to a minimum 15 per cent global rate that will cost the country about €2bn in lost revenues; it was a volatile week for energy markets; and stagflation has returned as a risk for investors and cast a shadow over the recovery from the Covid-19 pandemic. Plus, the FT’s deputy head of Lex, Elaine Moore, digs into the allegation that Facebook presents misleading user numbers.
Stagflation risk returns for investors as gas prices surge
https://www.ft.com/content/1e68148c-7f61-4bb4-af68-aa2c7d898111
OECD close to final global compact on corporate tax
https://www.ft.com/content/3e3e6a7d-67d5-437d-a7b2-29c52ce9c78f
Ireland signs up to global corporate tax deal
https://www.ft.com/content/2a2f69aa-f61a-4f4e-934f-293665019229
Facebook: whistleblower allegations of misleading audience size should be taken seriously
https://www.ft.com/content/3efd0b49-0dc3-41c5-b4b5-1f553d7bbc23
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Panama, Paradise, Pandora. What’s changed in the world of tax avoidance?
Read a transcript of this episode on FT.com
https://www.ft.com/content/411bb70a-8fe9-41ef-bd58-e4798b12c2a2
Vladimir Putin hinted that Russia’s state-backed monopoly pipeline exporter, Gazprom, may increase supplies to help Europe avoid a full-blown energy crisis, and US energy secretary Jennifer Granholm has raised the prospect of releasing crude oil from the government’s strategic petroleum reserve as the Biden administration confronts a politically perilous surge in the price of gasoline; General Motors plans to double its revenues by 2030 as the company steers towards electric vehicles, and the latest data leak detailing the financial affairs of the global elite makes clear how much progress has been made since the world began clamping down in earnest in 2008 — and how much remains to be done.
Gas markets whipsaw after Russia offers to stabilise energy prices
https://www.ft.com/content/e06c3b5d-153d-4c86-8c49-0d5447d58e76
General Motors aims to double sales by 2030 with boost from electric vehicles
https://www.ft.com/content/d02e8cc3-29a1-4634-bfb6-b658b1b4f4a4
From Panama to the Pandora papers: what’s changed in offshore tax
https://www.ft.com/content/1fe7a5a1-7515-4226-8906-b9c1eaecc455
JAB seeks to raise $5bn fund to invest in petcare
https://www.ft.com/content/93a23966-1b26-4e7b-aa0c-9ff2654e9990
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Africa’s green superpower
Read a transcript of this episode on FT.com
https://www.ft.com/content/eb1b2bc3-1edf-444b-ac44-8e3a79cd8887
Private equity firms are offering the highest premiums for listed companies in more than two decades, and the Facebook whistleblower told Congress on Tuesday the company repeatedly chose to maximise online engagement instead of minimising harm to users. Plus, the FT’s Africa editor, David Pilling, explains Gabon’s effort to reposition itself as a “green superpower” and gain recognition for preserving its tropical forests.
Private equity pays record premiums for public companies
https://www.ft.com/content/69c28c74-e957-4009-912a-aee1c452995d
Facebook chose to maximise engagement at users’ expense, whistleblower says
https://www.ft.com/content/41b657c8-d716-436b-a06d-19859f0f6ce4
Africa’s green superpower: why Gabon wants markets to help tackle climate change
https://www.ft.com/content/4f0579ac-409f-41d2-bf40-410d5a2ee46b
Behind the Money Podcast: The tiny fund that took on a US giant and won
https://www.ft.com/behind-the-money
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Oil prices hit 7-year high
Read a transcript of this episode on FT.com
https://www.ft.com/content/bc24e812-a089-43e1-bc7a-289916c97229
US oil prices rose to the highest level in seven years on Monday after Opec and its allies declined to accelerate plans to increase crude production, and shares of big tech companies slid on Monday, with stocks such as Apple, Microsoft, Facebook and Amazon dragging the S&P 500 to its lowest close since late July. Plus, the former Facebook employee who leaked explosive internal documents will testify before US lawmakers today and is expected to urge members of Congress to regulate the social media platform much more tightly.
Tech stock slide drags Wall Street lower
https://www.ft.com/content/1fba7824-ad14-46bd-a379-404e6b18abc0
US oil hits 7-year high after Opec+ resists calls to accelerate production
https://www.ft.com/content/ccd6f6d6-6045-4f0c-8638-9b0e01fee1c5
Five problems the Facebook whistleblower wants to fix
https://www.ft.com/content/2dbf79af-6dc5-4c98-90f0-af396c13e3ad
Warren calls on SEC to probe trading by Federal Reserve officials - with Colby Smith
https://www.ft.com/content/9111b7c5-53c5-4d6f-9b6d-ca3533057908
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
DIY gene editing
Read a transcript of this episode on FT.com
https://www.ft.com/content/fc9fe04c-96ad-4127-ac98-2fbf579c36b6
The International Monetary Fund’s board will meet this week to examine allegations that managing director Kristalina Georgieva manipulated data to favour China while she worked at the World Bank; Deutsche Bank severed relationships with “a very small number” of wealthy clients with criminal records after the arrest of disgraced financier Jeffrey Epstein; Plus, the FT’s Alphaville editor, Izabella Kaminska, talks about how the availability of gene-editing tools such as Crispr has led to an explosion of unchecked DIY experiments and dangers associated with biohacking.
War of words escalates over China bias claims against IMF chief
https://www.ft.com/content/7fbface9-9e1c-41c4-84e9-1eb7fbb2023e
Deutsche Bank dropped risky clients after Epstein scandal
https://www.ft.com/content/28744ecd-e798-4516-b9bb-6257b37f2377
Bioterror: the dangers of garage scientists manipulating DNA
https://www.ft.com/content/9ac7f1c0-1468-4dc7-88dd-1370ead42371
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Facebook under fire for burying research into mental health impact
Read a transcript of this episode on FT.com
https://www.ft.com/content/5f0402b7-812a-4314-aba1-cee242f9e161
US senators are pressuring Facebook to release all its internal research into how its products affect users after a series of revelations about the harm some its platforms cause to vulnerable groups including children. FT European technology correspondent Madhumita Murgia argues that it’s time for Facebook to turn off its digital advertising firehose. FT markets editor Katie Martin deciphers the message from this week’s bond market activity. And FT science editor Clive Cookson discusses how artificial intelligence can improve weather forecasting .
Facebook pressed to release research on how its platforms affect users
https://www.ft.com/content/b0e387f4-4a2f-49d3-9852-f8cf7dcc211c
Time to turn off Facebook’s digital fire hose
https://www.ft.com/content/d5dcfece-4e3c-4937-81ac-20dc736c4c27
Global bond market set for worst month since early 2021
https://www.ft.com/content/42e62e77-f830-4e5a-895f-7837a72847b0
DeepMind and UK’s Met Office use AI to improve weather forecasts
https://www.ft.com/content/602235aa-7039-472a-80cf-55fa3519ea06
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Huawei tries to reinvent itself
As sanctions derail its traditional business, China’s Huawei is scrambling to reinvent itself by shifting into areas less dependent on foreign chip supplies. China’s Belt and Road Initiative has left scores of lower and middle-income countries saddled with “hidden debts” totalling $385bn. Hong Kong’s stock market is on track for its worst quarter for new listings since the earliest days of the Covid-19 pandemic. And Japan’s new Prime Minister, Fumio Kishida, is seen as unlikely to veer from his predecessor’s economic policies.
Hong Kong faces worst quarter for stock listings since pandemic
https://www.ft.com/content/40436534-cd31-4959-a7c1-95065e281046?
‘Hidden debt’ on China’s Belt and Road tops $385bn, says new study, with Ed White
https://www.ft.com/content/297beae8-7243-4d93-9fac-09e515e82972
The necessary reinvention of Huawei, with Kathrin Hille
https://www.ft.com/content/9e98a0db-8d0a-4f78-90d3-25bfebcf3ac9
Japan’s ruling party appoints ‘Mr status quo’ Fumio Kishida as next leader, with Kana Inagaki
https://www.ft.com/content/9c3b578f-2dd5-4913-acc9-4252c80214e1
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Inflation, inflation, inflation
Read a transcript of this episode on FT.com
https://www.ft.com/content/6cd13eb2-0ab7-40a5-816f-43e963a3ce05
The government bond sell-off that began last week on the prospect of higher interest rates ricocheted into the $51tn US stock market on Tuesday, weighing heavily on technology stocks, and Treasury secretary Janet Yellen warned that the US risks running out of money by October 18. Plus, the FT’s Ryan McMorrow chats about China’s latest crackdown on cryptocurrency trading and whether exchanges are cooperating.
Janet Yellen warns US risks running out of money by October 18
https://www.ft.com/content/dc589573-0284-409e-a3df-9a4b102569ac
US stocks suffer biggest loss since May as bond sell-off hits tech sector
https://www.ft.com/content/7541c364-736b-488b-a793-7ba5cf517f49
Oil prices rise above $80 a barrel for first time in three years
https://www.ft.com/content/14d4980b-8163-4359-bc4a-fb2b7f7d2c27
Cryptocurrency exchanges start cutting off Chinese users
https://www.ft.com/content/9c42c660-7e80-47c2-8b3b-3398c6a22eaf
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Two Federal Reserve officials step down amid ethics questions
Read a transcript of this episode on FT.com
https://www.ft.com/content/1505ec37-b798-4016-8f80-d959bd6eac9c
Two senior Federal Reserve officials whose trading activity prompted the US central bank to launch an ethics review on Monday announced they will resign, and today Fed chair Jay Powell will join other central bank chiefs at a European Central Bank forum. Plus, where does Germany go after its razor-thin election? The FT’s Europe editor, Ben Hall, explains that it could be a while before there is a clear picture for the country’s government.
Regional Fed chiefs step down after securities trading controversy
https://www.ft.com/content/b899a77f-9853-4d20-ad84-21848b7e7ce2
ECB official and OECD warn of rising inflation risks
https://www.ft.com/content/55300c7b-ab06-40c4-a5f4-ed02ddb31374
Germany’s ‘kingmaker’ parties to start talks after narrow SPD election win
https://www.ft.com/content/fe539f99-8311-4ad7-96c0-ebc30ed9c1a0
Hollywood agency CAA acquiring rival ICM to create movie powerhouse
https://www.ft.com/content/fd6a3976-540e-49e7-bf1d-2ac272573033?
Join FT journalists on October 4 for a subscriber-only webinar on the outcome of Germany’s historic election and its implications for Germany, Europe and the rest of the world. Register free at ft.com/germanwebinar
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Wall Street embraces the ‘Forever CEO’
Read a transcript of this episode on FT.com
https://www.ft.com/content/c2d3fe11-799d-4f66-be2c-806dda7a9f87
At least two Chinese cities are seizing presale revenues from indebted property developer Evergrande in order to block potential misuse of funds, and the SPAC bubble appears to be deflating as investors pull cash out of special purpose acquisition vehicles at increasingly higher rates; more than 150 US economists and researchers have weighed in on how women will be affected economically if US states add new restrictions on abortion access, polls in Germany closed last night with the two leading parties neck and neck, and the FT’s US banking editor Joshua Franklin discusses shrinking CEO tenure among US finance companies and the “Forever CEOs” who are bucking that trend. Join FT journalists on October 4 for a subscriber-only webinar on the outcome of Germany’s historic election and its implications for Germany, Europe and the rest of the world. Register free at ft.com/germanwebinar
Chinese cities seize Evergrande presales to block potential misuse of funds
https://www.ft.com/content/595c3f50-755d-4dcc-afc3-4c993e50a936
Soaring Spac redemptions signal their fall from favour
https://www.ft.com/content/1a9be04e-a298-49bb-a3d8-2efee22bca01
Lack of abortion access will set US women back, economists warn - with Claire Bushey
https://www.ft.com/content/61251b31-0041-461c-bd33-aacf2f13fe10
In era of quick-fire bosses, Wall Street embraces the ‘Forever CEO’ - with Joshua Franklin
https://www.ft.com/content/4814a8ca-57a2-43f1-a6da-f126a4254f6d
German election likely to extend Merkel’s long goodbye
https://www.ft.com/content/f30df070-5415-4bd7-b4b4-0bdd4dff3b3c
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: How has lockdown changed us? Plus: a night on the Orient Express
Introducing our new FT Weekend podcast. New episodes every Saturday. This is the last episode of the FT Weekend which will be published in this feed, so if you want to keep listening, subscribe now by searching ‘FT Weekend’ in your podcast app of choice.
In our third episode, we explore the question of how we’ve changed. Host Lilah Raptopoulos talks to the writer Imogen West-Knights about the phenomenon of treat brain: how the pandemic spurred our desire to excessively indulge. Then, columnist Janan Ganesh describes why lockdown decidedly did not change him — and why he’s worried if it changed you. Plus: Maria Shollenbarger sweeps us away on the world’s most glamorous train.
Links from the episode:
—Imogen West-Knights describes Treat Brain: https://www.ft.com/content/3ed08931-80b0-43a0-9bba-6c4bcc1b3e70
—Janan Ganesh on the lockdown epiphany that wasn’t: https://www.ft.com/content/bf7c501e-12a5-4737-b297-15eba91b26a0
—Maria Shollenbarger aboard the Orient Express: https://www.ft.com/content/9f776436-8205-48cc-a879-7a053f388671
—Lilah’s Instagram Live with Esther Perel: https://www.instagram.com/tv/CULKKCcJXdq/
We want to hear from you! Follow us on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap.
What are you reading, watching, eating, doing, that is making you happy? We want your recommendations, and may use them in a future episode. Write us, or record and send us a voice note at ftweekendpodcast@ft.com.
Sound design and mixing is by Breen Turner, with original music by Metaphor Music.
Hosted on Acast. See acast.com/privacy for more information.
Germany’s unusually unpredictable election
Read a transcript of this episode on FT.com
https://www.ft.com/content/74160c71-c5b0-435c-9c09-1c5e9572bb1c
German voters head to the poll this weekend and the FT’s Berlin correspondent, Erika Solomon, previews this momentous election. Turkey’s central bank unexpectedly cut its benchmark interest rate on Thursday despite accelerating inflation that had already turned borrowing costs negative in real terms. A German foreign policy advisor lashed out at the US about the new Aukus security pact. And US Treasury prices dropped and yields rose on Thursday as traders reacted to the prospect of higher interest rates.
Government bond yields rise as investors look to rate rises - with Kate Duguid
https://www.ft.com/content/41481456-0bc1-4c54-8e54-05e2ab4042eb
Turkey cuts interest rate to send lira tumbling as inflation soars - Ayla Jean Yackley
https://www.ft.com/content/ad0f061a-7494-4ff3-be30-c5e8436cfaa9
Aukus security pact is ‘insult to a Nato partner’, says Merkel adviser
https://www.ft.com/content/dfc4f860-c178-4c2a-a46c-c5f4e5595b1a
Germany’s election: a new era of uncertain coalition politics - with Erika Solomon
https://www.ft.com/content/1fb608e3-1b57-4361-894e-7dc1d1a5abfd
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Federal Reserve eyes 2022 rate rise
Read a transcript of this episode on FT.com
https://www.ft.com/content/a3b42914-2e0e-4246-bc45-1ea9b19b690b
The Federal Reserve has given its strongest signal yet that it will start tapering its bond buying stimulus programme this year and more central bank officials see a first interest rate rise in 2022; Japan’s SoftBank has followed Saudi Arabia’s Public Investment Fund and Abu Dhabi’s Mubadala in backing a new $2.5bn private equity fund set up by former US Treasury secretary Steven Mnuchin just eight months after he left office; and the FT’s James Kynge explains that the unravelling of China’s Evergrande property developer shows deep flaws in the country’s growth strategy.
More Fed officials see first interest rate rise in 2022
https://www.ft.com/content/719c11ec-fb24-40b3-a661-518aa3bc6028
SoftBank backs Steven Mnuchin’s $2.5bn private equity fund
https://www.ft.com/content/24da1d88-8e63-4868-849f-3e3ecff1c39a
Valued at $41bn in 2020, the spectacular unravelling of the Chinese property group Evergrande exposes deep flaws in Beijing’s growth strategy
https://www.ft.com/content/ea1b79bf-cbe3-41d9-91da-0a1ba692309f
Rachman Review: Biden and the world
https://www.ft.com/rachman-review
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Gulf states caught between US and China
Read a transcript of this episode on FT.com
https://www.ft.com/content/bde35a2f-ae3f-4fc5-920f-a6bca45d9eb3
Poland and Hungary could lose billions of euros in EU regional aid as the European Commission prepares to wield powers linking the funds to human rights standards in member states, and the ride-hailing group Uber says it is on course to report its first-ever profitable quarter, on an adjusted basis, after more than a decade of burning through billions of dollars in cash, and Gulf states are struggling to balance relations between Washington and Beijing.
Behind the Money, Inside ESG: is the $1.7tn wave of sustainable investing hope or hype?
https://www.ft.com/behind-the-money
Poland and Hungary face threat to EU regional aid over human rights concerns
https://www.ft.com/content/3ca265c0-d1d1-4acf-bc9e-b208dab98293
Uber on course to post first profitable quarter
https://www.ft.com/content/ee8c9dfa-b59e-4415-b380-1cdf2f15976c
‘More of China, less of America’: how superpower fight is squeezing the Gulf
https://www.ft.com/content/4f82b560-4744-4c53-bf4b-7a37d3afeb13
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Evergrande’s troubles loom over global markets
Read a transcript of this episode on FT.com
https://www.ft.com/content/dd3aef66-5189-4b85-873a-e82c80be3c2d
Global financial markets are jittery about the possible default of indebted Chinese property developer Evergrande but the FT’s markets editor Katie Martin explains why it is unlikely to be another Lehman Brothers; foreign investors, especially from China and Japan, have become major buyers of US Treasuries and could prop up the market if the Fed withdraws; and Coinbase backed down from launching a new lending product after US regulators threatened to sue.
Wall Street stocks sell off as Evergrande crisis intensifies
https://www.ft.com/content/952923b7-f421-407e-b14a-ad2ff190a134
Foreign investors help prop up Treasury market as Fed considers retreat
https://www.ft.com/content/47551bfb-8ca3-4e73-b34b-0ad19905ae15
Shell agrees $9.5bn sale of Permian Basin oil business to ConocoPhillips
https://www.ft.com/content/33e48318-91ab-47e4-88f3-72986b0a85f6
Coinbase abandons lending product after SEC pushback
https://www.ft.com/content/bd09f8bf-e65b-4870-affe-55b5346af3e1
Rusal strikes deal to supply Budweiser with ultra low-carbon cans
https://www.ft.com/content/ff76ebe5-ca61-417c-b191-1a2c152a935e
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
China’s digital dictatorship
Read a transcript of this episode on FT.com
https://www.ft.com/content/efcae358-e439-4135-9600-55b23dcd7dc8
Australia’s nuclear submarine deal with the US and UK is set to provide a political boost for Scott Morrison’s conservative government, and UK business and energy secretary Kwasi Kwarteng is due to meet energy suppliers on Monday amid fears that dozens of companies could go bust in the coming weeks due to record high gas and electricity prices, and Beijing has pushed through reams of regulations and policies designed to shore up China’s data security, reinforcing the control it exercises over huge volumes of data used in governing the country, boosting the economy and ordering people’s lives.
Australia and France intensify war of words over cancelled submarine deal
https://www.ft.com/content/55173c4e-79a4-4a65-8294-3fc666026a0b
Morrison’s submarine deal drives wedge between Australian opposition
https://www.ft.com/content/e7e40eae-0011-4d0a-8a59-b5d5625c7389
UK energy groups ask for government ‘bad bank’ to weather gas crisis - with David Sheppard
https://www.ft.com/content/684e4ef1-87a9-4bdf-96f4-956df4e0a1e2
China and Big Tech: Xi’s blueprint for a digital dictatorship - with James Kynge
https://www.ft.com/content/9ef38be2-9b4d-49a4-a812-97ad6d70ea6f
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
FT Weekend: The stories we tell, with Elif Shafak
Introducing our new FT Weekend podcast. New episodes every Saturday. We will soon stop publishing FT Weekend on this feed, so you if want to keep listening, subscribe now before you forget! Search FT Weekend in your podcast app of choice.
In this episode, Life & Arts columnist Enuma Okoro explores what our cities tell us about ourselves. Then Lilah speaks with Elif Shafak—the most widely read woman novelist in Turkey—about writing in countries without freedom of speech, and her new book, The Island of Missing Trees. Plus: our prolific Undercover Economist Tim Harford makes a case for letting go of your to-do list.
You can subscribe to the FT Weekend podcast by searching for 'FT Weekend' wherever you listen. We're on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap. Email us at ftweekendpodcast@ft.com.
Links from the episode:
—Enuma Okoro’s love letter to New York City: https://www.ft.com/content/e2507d84-9a12-4755-a9c7-41c9ea116947
—Lilah’s piece about visiting Armenia: https://www.ft.com/content/2e2f38b0-e7a1-11e8-8a85-04b8afea6ea3
—Review of Elif Shafak’s novel, The Island of Missing Trees: https://www.ft.com/content/1a064a06-bd19-43c7-8237-38931853d0e2
—Tim Harford on to-do lists: https://www.ft.com/content/06ffe40d-fdcc-4be8-b536-810cedce7ed1
—Oliver Burkeman on how not to waste your life (paywall): https://www.ft.com/content/dd0d477b-c1f7-4d74-af68-c1ef1692566c
Sound design and mixing is by Breen Turner, with original music by Metaphor Music.
Hosted on Acast. See acast.com/privacy for more information.
Laos welcomes cryptocurrency miners
Read a transcript of this episode on FT.com
https://www.ft.com/content/8e3784f8-5605-40aa-a8b5-3d0e5bdae9a9
An unpublished internal model seen by the FT shows that the European Central Bank expects to hit its elusive 2 per cent inflation target by 2025, and Myanmar’s shadow government is fighting back against the military junta. Plus, the FT’s markets editor, Katie Martin, explains why Laos is allowing cryptocurrency mining.
Unpublished ECB inflation estimate raises prospect of earlier rate rise
https://www.ft.com/content/0ee1336d-1c7c-43b5-a8ed-f141f31fb70e
Laos pushes into crypto as it authorises mining and trading
https://www.ft.com/content/3a820200-0128-42b3-be6c-f5abd6381efa
Myanmar violence mounts after shadow government embraces ‘war’
https://www.ft.com/content/492bd2b6-e5c9-4d9e-81ea-b95f6c14aef9
MassMutual fined $4m over meme-stock trading by ‘Roaring Kitty’
https://www.ft.com/content/7ce3b9a4-1f86-4e49-a3cf-6b5a445fef0e
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Alexa, pass the scalpel?
Read a transcript of this episode on FT.com
https://www.ft.com/content/91b4abd2-1ef7-4069-ac25-a4759a2ddfb8
Washington has launched a security partnership with London and Canberra which will support Australia’s plan to build a fleet of nuclear-powered submarines and strengthen the allies’ ability to counter China, and Canada holds an election next week with prime minister Justin Trudeau facing unexpected competition, and Amazon plans to become just as ubiquitous in healthcare as it is in other markets by producing the tools and platforms to underpin an industry on the cusp of dramatic modernisation.
US builds bulwark against China with UK-Australia security pact
https://www.ft.com/content/565160c7-b5e0-4750-858a-37224bf3db0c
The Rachman Review: Is Trudeau’s popularity wearing thin?
https://www.ft.com/rachman-review
The next Big Tech battle: Amazon’s bet on healthcare begins to take shape
https://www.ft.com/content/fa7ff4c3-4694-4409-9ca6-bfadf3a53a62
Didi loses 30% of daily users after Beijing crackdown following IPO
https://www.ft.com/content/13a768b0-1000-4cad-8a03-36a1e66f460b
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
China deals a blow to Blackstone’s ambitions
Read a transcript of this episode on FT.com
https://www.ft.com/content/24c2b733-9dca-4dcf-81d2-ca90583a3ac9
US consumer prices in August rose at a more moderate pace in a sign that inflationary pressures associated with the end of Covid-19 lockdowns are easing, and bank executives say consumer spending is outpacing pre-pandemic levels as shoppers shrug off the Delta variant, and Blackstone abandoned a large deal in China after Beijing’s antitrust regulators refused to sign off on it within the agreed time frame, and big Chinese cities suspended land auctions in response to rules aimed at lowering housing prices.
Pace of US consumer price rises cools slightly in August
https://www.ft.com/content/eaf6d095-1531-4458-a504-c110d4101469
US consumers still spending despite Delta risk, banks say
https://www.ft.com/content/5189f544-c7ff-4564-8b46-1fb74b70dfd5
Blackstone drops $3bn takeover of property developer Soho China
https://www.ft.com/content/b732381e-61ea-4bab-8260-5048ff737047
Chinese land auction blunder undercuts Xi’s inequality crusade
https://www.ft.com/content/40187a8f-9776-4036-91ca-665b44cec086?
Call of the great outdoors fades for advertisers during muted commuting
https://www.ft.com/content/037b6d79-b9e9-4dc1-8224-413a7f613332
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Diesel vs Doughnuts
Read a transcript of this episode on FT.com
https://www.ft.com/content/63d65f6a-045d-4da8-b170-c30642cea5cc
Chinese police are using a new anti-fraud app installed on more than 200m mobile phones to question people who have viewed overseas financial news sites, and Brazil’s first openly gay state governor enters the country’s race for president. Plus, the FT’s Houston correspondent, Justin Jacobs, explains why new biofuels refineries are creating headaches for the food industry.
China uses app to monitor access to overseas financial news sites
https://www.ft.com/content/84b6b889-ae03-47f7-9cd0-bd604b21d5de
Brazil governor pitches third way between Bolsonaro and Lula in 2022 elections - with Michael Stott
https://www.ft.com/content/06b00d4b-9cf9-41d3-b888-50ee8613bf12
‘Diesel vs doughnuts’: new biofuel refineries squeeze US food industry - with Justin Jacobs
https://www.ft.com/content/b5839a04-a06a-49c1-8622-2974cbb9a84a
British hedge fund partner plots return of Trump-era social network Parler
https://www.ft.com/content/261fecd4-715f-4b90-a7fa-57d7d4013788
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Hedge funds flock to Silicon Valley
Read a transcript of this episode on FT.com
https://www.ft.com/content/40cef59a-441b-4b97-bea8-7a3ec838bc4b
Beijing wants to break up Alipay and create a separate app for the company’s highly profitable loans business, Norway’s voters will weigh in on the country’s petroleum production in what’s being called a “climate election,” and a new analysis found that Ireland is failing to keep US Big Tech companies in check. Plus, the FT’s Laurence Fletcher explains why hedge funds are muscling into Silicon Valley and making a record number of deals.
FT survey: The return to the office - are you under pressure to go back?
https://survey.ft.com/jfe/form/SV_4MZ2tuhkW4NghKu
Beijing to break up Ant’s Alipay and force creation of separate loans app
https://www.ft.com/content/01b7c7ca-71ad-4baa-bddf-a4d5e65c5d79
Norway’s oil rises to top of election agenda as climate fears grow - with Richard Milne
https://www.ft.com/content/70b3ec35-6558-4032-9a0c-47c40a6df5a8
Ireland ‘fails’ to enforce EU law against Big Tech
https://www.ft.com/content/5b986586-0f85-47d5-8edb-3b49398e2b08
Hedge funds muscle in to Silicon Valley with private deals - with Laurence Fletcher
https://www.ft.com/content/4935b205-8344-465a-8edf-dc23ec990302
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Introducing the FT Weekend podcast: 9/11 and the passing of time
Twenty years after the Twin Towers were brought down, FT Weekend podcast host Lilah Raptopoulos explores where 9/11 sits in our memories. The FT’s New York correspondent Joshua Chaffin introduces us to billionaire developer Larry Silverstein, who bought the World Trade Center in July of 2001 and had to rebuild on the site of a tragedy. How do spaces change in meaning over time? The FT’s former Kabul correspondent Jon Boone introduces us to the “New Afghanistan” generation, what they were promised, and what was lost. Plus: we hear from a woman who fled the Taliban and is now waiting in limbo in Albania, suddenly a refugee.
You can subscribe to the FT Weekend podcast by searching for 'FT Weekend' wherever you listen.
We’re on Twitter at @FTWeekendpod. Lilah is on Twitter and Instagram @lilahrap.
Links from the episode:
Josh Chaffin on Larry Silverstein: https://www.ft.com/content/f38a5067-58d1-491f-902f-568abcdd8a84#comments-anchor
Jon Boone on The Last Days of the New Afghanistan: https://www.ft.com/content/4a276093-cf85-4da7-9093-6af6443bb53a
Sound design and mixing is by Breen Turner, with original music by Metaphor Music.
Hosted on Acast. See acast.com/privacy for more information.
The SEC vs Coinbase
Read a transcript of this episode on FT.com
https://www.ft.com/content/0b052bc2-c481-49c7-a645-c83e90f45ff1
A poll shows leading economists believe the Federal Reserve will raise interest rates in 2022 due to inflationary pressures, the ECB says it will move to “a moderately lower pace” in its €1.85tn pandemic emergency purchase programme, and one of China’s largest property developers, Evergrande, faces the risk of default. Plus, the FT’s US Legal and Enforcement Correspondent, Stefania Palma, explains why regulators around the world are keeping an eye on the clash between the Securities and Exchange Commission and the cryptocurrency exchange, Coinbase.
Economists forecast quicker return to US interest rate rises than Fed projections
https://www.ft.com/content/0a7a4edd-b656-4d6a-b608-454241d0288e
ECB to slow bond-buying as Europe’s economy improves
https://www.ft.com/content/e8a78a9f-8e81-403a-a1be-9ad8e6199e72
SEC puts crypto industry on notice with Coinbase move
https://www.ft.com/content/66eca8c0-2d3a-4578-bd92-e604e2af054f
Evergrande liquidity crisis: why the property developer faces risk of default
https://www.ft.com/content/6d127e05-2208-4226-9cd1-ef2f7463cdf0
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The world’s biggest direct carbon capture plant
Read a transcript of this episode on FT.com
https://www.ft.com/content/7344543b-aefa-4715-8494-7c92e1e531f2
A court heard opening arguments in the case against the founder of the failed blood-testing technology start-up Theranos, Janet Yellen has warned that the US Treasury could run out of cash next month, and PayPal has acquired the Tokyo-based buy now, pay later company, Paidy. Plus, the FT’s environment and clean energy correspondent, Leslie Hook, explains how the world’s largest CO2 direct capture plant works.
‘Failure is not a crime,’ Theranos founder’s lawyers tell jury
https://www.ft.com/content/b7462815-f022-4e11-a3fd-a7845b1191a2
Janet Yellen warns US Treasury risks running out of cash in October
https://www.ft.com/content/4433d8ef-7d18-4c07-ba08-7f05fcbdb0b8
PayPal to acquire buy now, pay later provider Paidy for $2.7bn
https://www.ft.com/content/cdeccd3c-fe41-4228-ad11-9efc6f5c9d2d
World’s biggest ‘direct air capture’ plant starts pulling in CO2
https://www.ft.com/content/8a942e30-0428-4567-8a6c-dc704ba3460a
EY will invest $2bn to improve audits after series of scandals
https://www.ft.com/content/737dd635-dba2-49d7-bcdd-34f467b218ea?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Is Xi Jinping moving China into a new era of Maoism?
Read a transcript of this episode on FT.com
https://www.ft.com/content/7a545b87-55eb-4dbd-b9a0-c80def4bdcf8
Pfizer’s chief scientific officer Philip Dormitzer denied that the company should have developed a more potent Covid-19 vaccine, and the Taliban has announced Afghanistan’s first government since the US left the country, and James Bullard, president of the St Louis Fed pushed back on concerns that the US labour market recovery is faltering. Plus, the FT’s Beijing bureau chief, Tom Mitchell, explains whether China is heading into a new political era under president Xi Jinping.
Top Pfizer scientist defends booster push and vaccine potency
https://www.ft.com/content/3ee3efaa-766c-42c9-baf7-9825d3e78edf
Taliban announces government as it faces growing crises and isolation
https://www.ft.com/content/9cc0e2ca-19ab-4614-a168-76f1e4c1875b
Top Fed official pushes for quick ‘taper’ despite weak US jobs growth
https://www.ft.com/content/7c2fc0ce-e7c0-4083-92e8-e81d9235ab45
The Chinese control revolution: the Maoist echoes of Xi’s power play
https://www.ft.com/content/bacf9b6a-326b-4aa9-a8f6-2456921e61ec
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Why developing countries are so keen on cryptocurrencies
Read a transcript of this episode on FT.com
https://www.ft.com/content/768cdb61-a131-42de-b8d6-42c3c757cb82
Prime minister Boris Johnson will announce a tax rise of more than £10bn a year today, and the military junta that overthrew Guinea’s president is urging mining companies to keep operating. Plus, the FT’s emerging markets correspondent, Jonathan Wheatley, explains why developing countries have provided fertile ground for cryptocurrencies to take hold.
Johnson set to unveil £10bn tax rise to fund NHS, social care
https://www.ft.com/content/47120539-1930-4065-ae93-de84dc51378c
Guinea coup leaders urge mining companies to keep operating
https://www.ft.com/content/6ff3fe38-66f1-4d76-995a-457936305dd2
Cryptocurrencies: developing countries provide fertile ground
https://www.ft.com/content/1ea829ed-5dde-4f6e-be11-99392bdc0788
‘Shang-Chi’ smashes Labor Day records with $90m in ticket sales
https://www.ft.com/content/731d8697-a894-4f81-aae6-0a27f3cf85ed
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Bridgepoint’s hidden executive pay
Read a transcript of this episode on FT.com
https://www.ft.com/content/6b286858-b05a-4211-8e04-315b4e8bac38
A frantic summer of dealmaking has put 2021 on track to break records, and Japan’s future is uncertain after prime minister Yoshihide Suga abruptly announced his departure. Plus, the FT’s private capital correspondent explains how a prominent British private equity firm went public this summer but has kept its executive pay opaque
Global dealmaking set to break records after frenzied summer
https://www.ft.com/content/4b955a75-55a4-4e13-b785-638b88bbfb0b
Yoshihide Suga’s exit sets off fight to reshape Japanese politics
https://www.ft.com/content/fff52074-ee42-43c3-a96f-d1332005d802
Bridgepoint went public. Executive rewards stayed private.
https://www.ft.com/content/25649306-ac8a-4183-894a-7df1eb798acf
BrewDog launches venture with Japan’s Asahi to boost sales
https://www.ft.com/content/964b92ae-18d7-41a0-b8f1-138baa54870e
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Introducing FT Weekend: The good life, with chefs Daniel Humm and Alice Waters
In this first-ever episode of the FT Weekend podcast, host Lilah Raptopoulos talks to Eleven Madison Park’s Daniel Humm and Chez Panisse’s legendary Alice Waters to discover how the world’s top chefs are finding purpose beyond their restaurants. Humm created a buzz in May when he announced that his world-famous restaurant would be going entirely plant-based. Has that risk paid off? And what does it mean to do good as a chef?
Plus: the FT’s design critic Edwin Heathcote gives us a tour of the world’s most revengeful architecture, and reporter Madison Darbyshire shares tips for how to furnish your home with old things.
You can subscribe to FT Weekend podcast by searching for FT Weekend wherever you listen.
We’re on Twitter at @FTWeekendpod. Lilah is on Twitter and Instagram @lilahrap.
Links from the episode:
Lilah’s piece on chefs (paywall) - https://www.ft.com/content/246cdc2a-f135-4d3d-9d74-e524e9217699
Edwin on the architecture of spite (paywall) - https://www.ft.com/content/1161fbbe-5ae1-4328-bf59-dcd8b1d6564f
Madison’s masterclass in flea-market chic - https://www.ft.com/content/6c8bf8a2-ddee-11e9-9743-db5a370481bc
Sound design and mixing is by Breen Turner, with original music by Metaphor Music.
Hosted on Acast. See acast.com/privacy for more information.
US corporate debt binge, FT Weekend podcast preview
Read a transcript of this episode on FT.com
https://www.ft.com/content/0b603fa8-7afc-46f3-bae6-46b89a0def8f
Bankers and investors are bracing for a bumper month of debt issuance in the US, and Germany’s Dax is welcoming 10 new companies to its index. Plus, the FT’s Lilah Raptopoulos talks about the launch of her new show, the FT Weekend podcast.
Banks and investors gear up for US corporate debt binge
https://www.ft.com/content/dff0ebdf-1d64-4e9a-9261-6957455d856d
Germany’s Dax undergoes makeover as it expands from 30 to 40
https://www.ft.com/content/297a35a8-df37-4091-a283-1914cdbd3e8a
FT Weekend podcast
https://www.ft.com/ftweekendpodcast
UK staycations and return to offices boost retail footfall in August
https://www.ft.com/content/15d4a2d0-eaa5-4cf8-bd04-fcb7a34c04b7
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Banking on cannabis
Read a transcript of this episode on FT.com
https://www.ft.com/content/385a236d-c829-47e8-b3a3-c0c3ef2d5387
YouTube has netted 50m paying subscribers for its music streaming services, and the dearth of truckers has become so severe in the US that some fleet owners are petitioning officials to let more foreign operators into the country. Plus, the FT’s US banking editor Josh Franklin explains that top American banks have avoided cannabis companies so a niche finance sector has sprouted up to service this growing industry.
YouTube’s music services amass 50m paying subscribers
https://www.ft.com/content/ae722400-561c-431a-85eb-e09e1f6b0bb2
US truck driving shortage, with the FT’s Steff Chavez
https://www.ft.com/content/a7283077-69de-4bb2-9d0a-1c68090d719f
Banking on cannabis: the new network of lenders for a semi-legal industry - with Joshua Franklin, US banking editor
https://www.ft.com/content/28d8375a-3bd9-4fba-b1b7-a2e5e8b4fcdb
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Biden defends US pullout of Afghanistan
Read a transcript of this episode on FT.com
https://www.ft.com/content/53441ca2-a824-4f2c-8a76-c10ebde4840b
Brussels is drafting a proposal for a €600m package to help Afghanistan’s neighbours host refugees fleeing the Taliban, and luxury brands are uncertain about their future in China after President Xi Jinping’s call for wealth distribution. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains why investors could become more excited about emerging markets.
EU plans €600m package for Afghanistan’s neighbours to avert refugee crisis
https://www.ft.com/content/c3688ac7-f7e0-473c-98ea-91735e3278d5
Xi Jinping’s call for wealth redistribution threatens luxury groups’ China boom
https://www.ft.com/content/4cf59a34-cd03-48a1-b5d0-0c71922ef9b3
Investors eye emerging market upswing after China shock
https://www.ft.com/content/4546f956-c48e-4530-9eaa-e567fa2856e1
Trial of Theranos founder Elizabeth Holmes begins in California
https://www.ft.com/content/3be72070-bc6a-4181-8ae4-a729758511ce
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The fight between US service staff and QR codes
Read a transcript of this episode on FT.com
https://www.ft.com/content/86c5ce53-69cb-4bf2-b79e-7e67f1b71cfa
QR codes have replaced service staff in the pandemic and experts worry that means many jobs lost during the coronavirus pandemic will not return, and Germany’s inflation has risen to its highest level since 2008. Plus, the FT’s US banking correspondent, Imani Moise, explains how Bank of America is fighting a worker shortage by retraining its own employees.
QR codes replace service staff as pandemic spurs automation in US - with Taylor Nicole Rogers, labour and equality correspondent
https://www.ft.com/content/05754eb3-38a5-488d-af96-5f5a1a7955c1
Bank of America fights war for tech talent by retraining own employees - with Imani Moise, US banking correspondent
https://www.ft.com/content/1edee6e4-6b67-4866-a0c6-23b15fa56deb
German inflation surges to 13-year high of 3.4%
https://www.ft.com/content/55cbd2a2-adc9-406f-ad45-daf90d79d221
Inflation puts pressure on America’s fast-expanding dollar stores
https://www.ft.com/content/5853dd3a-0c22-4d2b-a263-ec51bf1a0c29
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Trailer: Introducing the FT Weekend podcast
We'd like to introduce you to our new show: FT Weekend. Turn off your email alerts and settle in. Every Saturday, from September 4, join host Lilah Raptopoulos for inspiring conversations, in-depth storytelling, a bit of escapism and a lot of fun. Brought to you by the award-winning Life & Arts journalists at the Financial Times.
You can subscribe in your podcast feed of choice by searching for FT Weekend.
Sound design and mixing is by Breen Turner, with original music by Metaphor Music.
Hosted on Acast. See acast.com/privacy for more information.
How community banks were small business saviours during the pandemic
Read a transcript of this episode on FT.com
https://www.ft.com/content/e03bcc3e-c418-47e6-9037-0f0030529af0
The US tomorrow will withdraw all of its troops from Afghanistan and the country faces a potential economic catastrophe. The International Monetary Fund’s chief economist warns that emerging market economies can’t afford another ‘taper tantrum.’ Plus, FT contributing editor, Brendan Greeley, explains how US community banks played an instrumental role in keeping small businesses alive during the pandemic.
IMF’s Gopinath says emerging economies can’t afford ‘taper tantrum’ redux
https://www.ft.com/content/873ca2e8-63d2-40dd-842d-5409169166fa
How US community banks became ‘irreplaceable’ in the pandemic
https://www.ft.com/content/4face0c6-c1fb-47af-972b-8749e92b4baf
Wearables company Whoop valued at $3.6bn after SoftBank investment
https://www.ft.com/content/f3dde553-0aa1-4137-bc50-093b1003fa71
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Life under the Taliban: ‘Herat is now like a ghost city’
Read a transcript of this episode on FT.com
https://www.ft.com/content/3e727154-099c-4af8-b3a0-5aa2742bcdca
US military officials are blaming Isis for an attack near Kabul airport yesterday that killed at least 13 service members and an unknown number of civilians, and the Federal Reserve is preparing for today’s virtual Jackson Hole economic symposium under the cloud of the Delta variant, and Brussels has warned that it could sever a data-sharing agreement with the UK. Plus, the FT’s Najmeh Bozorgmehr reports on life in Afghanistan’s third-largest city, Herat, now that the Taliban are in control.
At least 13 US troops among those killed in Kabul bombings, with Aime Williams in Washington
https://www.ft.com/content/817bfbaa-e62a-4cc9-b503-54d0a53dfc52
Life under the Taliban: ‘Herat is now like a ghost city’, with Tehran correspondent Najmeh Bozorgmehr
https://www.ft.com/content/d30d1991-252e-4060-aa98-b5831e3f470c
Fed prepares for virtual Jackson Hole meeting under cloud of Delta, with US economics editor Colby Smith
https://www.ft.com/content/806b507c-3c07-4e93-bc59-763dfeed0e32?
EU takes aim at UK plan to rewrite data laws, with EU technology correspondent, Madhumita Murgia
https://www.ft.com/content/f344f7ea-2829-46d2-8943-26b73c5804da
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
OnlyFans reverses its controversial porn ban
Read a transcript of this episode on FT.com
https://www.ft.com/content/a2aabbbe-070f-48f1-92f2-5ed1ec85cf2b
Turkey’s military has begun withdrawing its troops from Kabul airport while the country’s president Recep Tayyip Erdogan said his country can’t handle more migrants, and global regulators are imposing heavy fines on financial institutions for failing to stop anti-money laundering. Plus, the FT’s consumer industries reporter, Patricia Nilsson, explains OnlyFans’ ban on sexually explicit content, and its sudden reversal.
Turkey begins evacuation of troops from Kabul airport
https://www.ft.com/content/22046156-b4de-4b4c-abb5-1ae388f763c9
Erdogan rules out Turkish role as EU ‘warehouse’ for Afghan refugees
https://www.ft.com/content/09abc27e-607c-4d83-8e39-84eaa179565e?
Anti-money laundering fines surge as watchdogs impose tougher penalties
https://www.ft.com/content/7144ff53-5a17-477b-ab75-4f4a88b94fd2
OnlyFans reverses controversial porn ban, with consumer industries reporter Patricia Nilsson
https://www.ft.com/content/5468f11b-cb98-4f72-8fb2-63b9623b7b2b
German election wide open as Merkel successor loses poll lead
https://www.ft.com/content/a1f73855-8b68-4b7a-b0ec-5b9df6c77578
Germany poll tracker: the race to succeed Angela Merkel
https://www.ft.com/content/5885e964-6d54-46ba-be63-8fb7009075f2
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Lawsuit seeks accountability for Beirut port blast
Read a transcript of this episode on FT.com
https://www.ft.com/content/03108ae2-9645-4849-a165-52eee0272790
US President Joe Biden is defying international pressure and sticking by his plan to withdraw American troops from Afghanistan by the end of the month, and the UK will roll out new regulations to protect children’s data online. Plus, the FT’s legal correspondent, Kate Beioley, talks about the lawsuit that Lebanese lawyers have filed against a UK-registered chemicals company over the 2020 Beirut port blast.
Biden refuses to extend evacuation as Taliban blocks Afghans from airport, with US trade correspondent Aime Williams
https://www.ft.com/content/a42b6570-d037-41c9-9e35-a0e6779a2e87
UK targets social media, gaming and videos with new Children’s Code
https://www.ft.com/content/705e0468-bfcf-4f5d-b777-c25785d950cb?
Lebanese lawyers sue UK-registered company over Beirut port blast, with legal correspondent, Kate Beioley
https://www.ft.com/content/57e43122-04e5-4cc2-8fea-9ba910da5673
BBQ stocks: Wall Street feels the thrill of the grill
https://www.ft.com/content/6a2946b6-2124-4185-8cfa-f493a1f1d1a2?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
G7 tries to salvage Afghanistan crisis
Read a transcript of this episode on FT.com
https://www.ft.com/content/f23d324d-b17e-4f6a-bacd-dad8fed54493
At an emergency G7 meeting US president Joe Biden will hear calls from western allies to negotiate with the Taliban for an extension to the US-led evacuation from Afghanistan while facing the humiliating prospect that the Islamist militants may veto the idea, and a US pandemic assistance programme is set to end early next month, leaving millions of gig workers without the support they’ve come to rely on.
Biden squeezed between allies and Taliban on Afghan deadline - with George Parker, political editor
https://www.ft.com/content/38838e4f-c55c-4504-9f5b-b7b7f8d904f8
Taliban finances swelled by proceeds of Afghanistan’s shadow economy - with Stephanie Findley, South Asia correspondent
https://www.ft.com/content/25b48967-2d8c-4acd-8699-e0cbdf164cb8
US gig workers carry on the fight for rights as jobless aid comes to an end - with Amanda Chu
https://www.ft.com/content/09b8b6aa-c545-4499-a615-d256cfa4e62e
SHOWNOTES
LIVE FT WEBINAR: Join FT correspondents and guests to discuss The Fall of Afghanistan: What Next? on Wednesday 25 August. Sign up for an FT subscriber webinar at ft.com/afghan-webinar
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Boris Johnson to host Afghanistan crisis talks
Read a transcript of this episode on FT.com
https://www.ft.com/content/94500fca-aef3-4ab6-82d5-08005ee49c49
UK prime minister Boris Johnson will on Tuesday host crisis talks on Afghanistan with world leaders as Britain presses the US to extend the evacuation timetable amid chaos and deaths at Kabul airport, US cinema owners meeting in Las Vegas this week hope a slate of blockbusters will draw the curtain on Covid slump, and the spread of non-disclosure agreements, or NDA’s, is bad for companies as well as workers.
UK prime minister acknowledges China and Russia as crucial to limiting chaos while US hints at extending pullout deadline
https://www.ft.com/content/3073164b-43c5-45ec-bda5-f62f7107a747
Cinemas hope slate of blockbusters draws the curtain on Covid slump - with Christopher Grimes, Los Angeles correspondent
https://www.ft.com/content/a44b5c22-0b44-4c34-8f67-5540db152182
FEATURE: The NDA Boom is bad for both workers and employers - with Sarah O’Connor, employment columnist
https://www.ft.com/content/463c917d-c8b5-418d-b8f7-d582747091be
Female board members at FTSE 100 companies paid 40% less than men
https://www.ft.com/content/96b90579-b7cd-44a8-ba7e-cad6be5c6faa
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Auto industry chip shortage worsens
Read a transcript of this episode on FT.com
https://www.ft.com/content/243efeb3-032a-4282-b83a-24f566ea1161
The chip shortage hobbling the auto industry has worsened as a wave of coronavirus cases spreads across south-east Asia with three of the world’s largest automakers announcing new disruptions on their assembly lines, Europe remains scarred by the memory of the Syrian refugee crisis and the bloc’s message about Afghan refugees is different, and FT Management Editor Andrew Hill shares highlights from this year’s longlist for the FT & McKinsey Business Book of the Year Award.
Chip shortage deepens supply problems at global carmakers - with
Tokyo Correspondent Kana Inagaki
https://www.ft.com/content/89bd676c-fc10-4a69-9b03-dc50ed3f441d
In Europe, Afghan refugees raise spectre of 2015 asylum crisis - with Berlin Bureau Chief Guy Chazan
https://www.ft.com/content/15549b1b-81c9-452f-9876-e90dc6c61ce0
FT and McKinsey Business Book of the year Longlist - with Management Editor Andrew Hill
https://www.ft.com/content/2529e4d9-0ca2-4bec-bc14-8d6626651408
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Afghanistan’s ‘dire’ financial outlook
Read a transcript of this episode on FT.com
https://www.ft.com/content/b1c4e938-b959-4767-aba9-2aedc1f44005
The former head of Afghanistan’s central bank has warned that the country is facing “dire” financial prospects and an acute shortage of dollars and higher inflation will fuel the flow of migrants out of the country; the Taliban’s takeover hands China and Russia an opportunity to project their power after Washington’s chaotic withdrawal; and a majority of Federal Reserve officials believe the US central bank could start withdrawing a massive pandemic stimulus programme later this year, according to a record of their latest meeting.
Afghanistan faces ‘dire’ financial outlook, warns former central bank chief - with Jonathan Wheatley, emerging markets correspondent
https://www.ft.com/content/65f61fb1-9462-4e25-990a-702812860b76
China and Russia poised to step into the Afghanistan gap - with James Kynge, global China editor
https://www.ft.com/content/7ceb9e3b-bd6e-43fe-bb86-80353249e6ac
Most Fed officials reckon stimulus could start winding down this year - with Colby Smith, US economics editor
https://www.ft.com/content/29be3f70-3f3e-4bfd-b26e-01833337587c
UK government intervenes in £2.6bn Ultra Electronics takeover by Cobham
https://www.ft.com/content/55b3e146-87cb-469b-a128-5865cb1abe87
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The Taliban’s first official press conference since taking Kabul
Read a transcript of this episode on FT.com
https://www.ft.com/content/9950c2c0-f75c-4098-aa1f-01e3ffc38644
In the Islamist group’s first official press conference since it took Kabul, Taliban spokesperson Zabihullah Mujahid said the militants would not seek revenge against government officials or the Afghan soldiers it has fought for the past two decades, and WhatsApp has shut down a complaints helpline set up by the Taliban after the messaging app came under pressure to block the group from using its services, and the British the aerospace and defence group, Ultra Electronics, is set to become the latest UK engineering specialist to fall into foreign ownership.
Islamist group urges citizens to return to daily lives even as government workers report harassment - with Stephanie Findlay, South Asia correspondent
https://www.ft.com/content/7f03429a-8d61-43df-9cd8-c9d9e9ba18c8
WhatsApp shuts down Taliban helpline in Kabul
https://www.ft.com/content/d8e29de8-aebb-4f10-a91e-89d454d4a9f7
Cobham agrees to buy rival UK defence group Ultra Electronics for £2.6bn - with Sylvia Pfeifer, industry correspondent
https://www.ft.com/content/87fe2b9f-a551-49ca-9624-c29f3e5fa9c4
BHP to shift main stock market listing from London to Sydney
https://www.ft.com/content/47e226aa-315c-48e3-aef3-44f83075dcc3
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
How will the Taliban 2.0 rule?
Read a transcript of this episode on FT.com
https://www.ft.com/content/76ae831e-7a74-4429-8bbb-2b947a04cb44
Biden made his first comments on Afghanistan and blamed the chaos in Kabul on the country’s deposed leaders, and desperate Afghans overran the airport trying to flee. Pakistan’s international bonds came under selling pressure on Monday as emerging market investors braced themselves for the fallout from the crisis in Afghanistan, and the Taliban has pledged to create an open and inclusive government but most observers expect the swift return of repressive theocratic rule in the country.
Pakistan bonds hit as investors brace for Afghanistan fallout - with Tommy Stubbington, capital market correspondent
https://www.ft.com/content/1f8e5d82-152a-456e-b6c9-4e2fe8b74b68
Who are the Taliban 2.0? - with Stephanie Findlay, South Asia correspondent
https://www.ft.com/content/25bb6ed9-fdef-451f-a7a7-4a7b9e4ab852
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Afghanistan’s President flees his country
Read a transcript of this episode on FT.com
https://www.ft.com/content/b1e7f141-e281-4bee-81e3-b11eaf9d767d
Afghanistan’s president fled the country as the Taliban advanced on Kabul, and tropical storm Grace headed towards Haiti as rescue workers scrambled to reach people trapped under rubble after a massive earthquake, and as the super-infectious Delta variant spreads around the world many governments are facing the delicate question of how to get hesitant citizens to take the jab.
US and allies race to evacuate staff as Taliban reaches Kabul
https://www.ft.com/content/12dc9ad8-cd90-4378-86f6-64f70f4062eb
Deaths mount after powerful earthquake strikes Haiti - with Gideon Long
https://www.ft.com/content/9f2e5149-4c63-4412-b258-59fd7d40517a
How to reach the unvaccinated: the risks of bribery and coercion - with Clive Cookson
https://www.ft.com/content/9955d68a-6bd9-4530-b103-afc034243cb3
Salzburg comes alive again to the sound of music https://www.ft.com/content/b01f05aa-86ae-4d09-ba30-0a4074a98ca7
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Financial technology start-ups in Africa
Read a transcript of this episode on FT.com
https://www.ft.com/content/80e6939d-d085-499d-ac9d-3ac6386b69c1
Airbnb reported strong quarterly earnings and said tourists from places with higher vaccination rates were “driving the travel recovery”, and employees are taking sensitive computer code from their companies at three times the rate they were a year ago. Plus, the FT’s Africa editor David Pilling and McKinsey & Company partner Topsy Kola-Oyeneyin discuss the growth of financial technology start-ups in Africa.
Airbnb benefits from ‘travel recovery’ as bookings and revenue grow
https://www.ft.com/content/fd8f8621-cac4-4bff-a082-9a74d1cbec15
Disney outpaces streaming rivals as it doubles subscribers in a year
https://www.ft.com/content/9b705a6f-35f6-49cf-883b-0581fbf5ab48
Workers increasingly steal company data during ‘turnover tsunami, with San Francisco correspondent Hannah Murphy
https://www.ft.com/content/a7a2b5c4-1653-4364-84c1-c322c5b56745
African start-ups attract international investors — but need local ones too, with Africa editor David Pilling
https://www.ft.com/content/566fc2a5-6df4-4145-8157-99d4eb8da4c1
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The debt-laden UK high street
Read a transcript of this episode on FT.com
https://www.ft.com/content/baa5d27d-d16c-4f47-9902-abb72f02429d
A top Federal Reserve official told the FT that the central bank could dial back its ultra-accommodative monetary stimulus as early as this year, and the White House has called on Opec to boost oil production in an effort to curb high petrol prices. Plus, the FT’s property correspondent, George Hammond, discusses the complicated dilemma of unpaid rent that faces businesses, their landlords, lenders and the UK government.
Federal Reserve’s Daly says tapering could start as soon as this year
https://www.ft.com/content/e3320366-02f1-453e-ae42-e4af66a17eb0
White House calls on Opec to boost production to contain fuel prices, with Washington correspondent, Lauren Fedor
https://www.ft.com/content/a8a631cf-de43-47e8-8cc4-99732c39c4da
Unpaid rent: the £6.4bn question facing the UK high street, with property correspondent George Hammond
https://www.ft.com/content/ef6c975b-91f4-4328-8466-70b686f7309d
Burger chain Wendy’s to expand into ‘dark kitchens’ after raising forecasts
https://www.ft.com/content/31240e24-32e2-411f-8976-2127d16568c8
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Philip Morris battles to buy a medical inhaler company
Read a transcript of this episode on FT.com
https://www.ft.com/content/b20cdab3-2e47-4bbe-bbff-39c42459d105
The rapid pace of US consumer price increases seen in recent months is set to stall in July near a 13-year high, and SoftBank will cut its investment in Chinese start-ups until the extent of Beijing’s scrutiny of the tech sector becomes clear. Plus, the FT’s private capital correspondent, Kaye Wiggins, has the latest on the battle between private equity group Carlyle and tobacco company Philip Morris International for the British medical inhaler maker, Vectura.
Rapid pace of US consumer price increases expected to moderate
https://www.ft.com/content/8a2ad340-5ecf-4aa5-be35-aa7f528c8b83
Carlyle steps back from Vectura bidding war with Philip Morris
https://www.ft.com/content/9b860f52-ddf7-447b-bd74-c44b25a69da7
SoftBank to cut China investments until tech sector calms
https://www.ft.com/content/8b98db7c-24e9-4aa4-bc42-56338139962e
Elusive Olympic bounce gives hope to Suga’s leadership rivals
https://www.ft.com/content/47557c29-2225-4501-81dd-df4b41220725?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
US Senate on the cusp of approving Biden’s $1tn infrastructure package
Read a transcript of this episode on FT.com
https://www.ft.com/content/7822a4a7-d31a-40ce-8217-ebbafc4acb09
Oil prices continue to slide on investor concerns over the spread of the coronavirus Delta variant, especially in China, and DraftKings buys Golden Nugget Online Gaming for $1.56bn. Plus, the FT’s Washington correspondent, Lauren Fedor, explains how the US Senate is getting closer to approving president Joe Biden’s $1tn infrastructure package.
US Senate set to pass $1tn infrastructure package in bipartisan vote
https://www.ft.com/content/67880a94-55c9-468c-a749-35463a08e6c5
Oil slides as Delta worries dent outlook for Asia demand
https://www.ft.com/content/ba4ab9a0-4e89-4979-b794-c7e5593724a6
DraftKings buys Golden Nugget Online Gaming in $1.56bn deal
https://www.ft.com/content/f857e397-adab-4b95-b308-caa59b8d2b49
Cryptocurrency exchanges target sport sponsorships
https://www.ft.com/content/a93e9ad5-31d6-4048-9ca8-2f38cc6c43f4?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Can science link extreme weather to climate change?
Read a transcript of this episode on FT.com
https://www.ft.com/content/65fa9d74-d971-4536-a411-c06d86d8de64
FT calculations of 20 Chinese billionaires show that their net worth has dropped by about $80bn since late June, ByteDance, the owner of short-video app TikTok, has revived a plan to go public, and Industry bosses are predicting a worldwide construction “supercycle” set to fuel demand for building materials. Plus, the FT’s climate reporter Camilla Hodgson explains how scientists are trying to link natural disasters to global warming.
Tech crackdown erases $80bn from the wealth of China’s top tycoons
https://www.ft.com/content/7e6f9a08-37be-4ab3-ae15-953533ab33b5
China’s ByteDance aims for Hong Kong IPO despite tech crackdown
https://www.ft.com/content/bacca56f-1da5-4721-90bf-a61383ab7eec
Construction ‘supercycle’ predicted on wave of government spending
https://www.ft.com/content/41574f1e-58ae-4b17-a1ea-991a46d70932?
Fires and floods: can science link extreme weather to climate change?
https://www.ft.com/content/fe4e658e-0473-4f98-b995-4606aefa90bc
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Robinhood’s wild stock market debut
Read a transcript of this episode on FT.com
https://www.ft.com/content/0e09d7d2-95d7-4fa1-80ff-9ff466f3cf6a
Apple intends to install software on US iPhones to scan for child abuse imagery, and president Joe Biden signed an executive order on Thursday calling for half of all new vehicles sold in the US to be electric by 2030. Plus, the FT’s markets editor Katie Martin explains how Robinhood’s stock price has rebounded after its IPO fell flat last week.
Apple plans to scan US iPhones for child abuse imagery, with European technology correspondent Madhumita Murgia
https://www.ft.com/content/14440f81-d405-452f-97e2-a81458f5411f?
Biden sets electric vehicle target in drive to cut emissions
https://www.ft.com/content/7fbc2d70-5365-4d3b-97ec-cea2756de28d?
Robinhood soars after retail traders flock to shares, with markets editor Katie Martin
https://www.ft.com/content/a9017fe2-e24a-4224-b2fa-320be47853b7
China’s education clampdown threatens to aggravate youth unemployment
https://www.ft.com/content/d2a6fab8-2cf7-49f4-9027-ee18a064715f?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Why China’s youth ‘lie flat’ instead of enduring stress
Read a transcript of this episode on FT.com
https://www.ft.com/content/c6ee7948-06e7-4f4c-8940-2f83d85bdf4d
The value of the world’s stock of negative-yielding debt has ballooned to more than $16.5tn, SoftBank’s second Vision Fund plans to invest $100m in a new fund started by one of its former top partners, and US food delivery group DoorDash is preparing to make its first investment in Europe. Plus, the FT’s global China editor, James Kynge explains why younger Chinese people are opting out of stressful jobs.
Bond rally pushes global stock of negative-yielding debt above $16tn
https://www.ft.com/content/43280fe3-b6cd-44e1-bb75-25b0962b5ba1?
SoftBank to invest $100m in former partner’s fund with Miles Kruppa, venture capital correspondent
https://www.ft.com/content/684613f0-b2cc-42e9-817a-204a80dd048f
DoorDash in talks to invest in German grocery app Gorillas
https://www.ft.com/content/9cccd541-0a44-4002-af6e-35fe7ef46445
China’s young ‘lie flat’ instead of accepting stress with James Kynge, global China editor
https://www.ft.com/content/ea13fed5-5994-4b82-9001-980d1f1ecc48
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
PepsiCo’s juicy private equity deal
Read a transcript of this episode on FT.com
https://www.ft.com/content/9221dcf1-ef98-4474-9d9f-226f08843bbf
Spain has called on the EU to back measures to limit surging electricity prices and athletes from Russia are enjoying success at the Olympics despite a ban on the country. Plus, the FT’s private capital correspondent, Kaye Wiggins, explains why PepsiCo has sold off its big-name juice brands to a private equity firm.
Russia wins at Tokyo 2020 despite ban over doping programme
https://www.ft.com/content/31643c45-cf35-43e0-a0d4-1c2d40e49401
Spain urges EU to act against soaring energy prices
https://www.ft.com/content/7cf9a7c1-a103-4923-bb5b-bad93d32ca39
PepsiCo to sell Tropicana and Naked Juice brands to private equity firm for $3.3bn
https://www.ft.com/content/859b3fc6-0942-48a9-8a7d-a0ca0ff4cc70
Year after Beirut port blast families of victims push for truth
https://www.ft.com/content/6a049e18-6a5c-40ee-b6ae-cef6ae95a317?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Optimism soars on the airline industry’s recovery
Read a transcript of this episode on FT.com
https://www.ft.com/content/219d15f1-b6fa-471c-b0ed-2a2c4163f757
Forests in the US that generate the carbon offsets bought by companies including BP and Microsoft are on fire; Goldman Sachs looks to scale back its asset management business; and the International Monetary Fund has issued a warning over using cryptocurrency as legal tender. Plus, the FT’s Philip Georgiadis explains whether the airline industry’s resurgence is here to stay.
Carbon offsets going up in smoke as company-linked forests burn with climate reporter, Camilla Hodgson
https://www.ft.com/content/3f89c759-eb9a-4dfb-b768-d4af1ec5aa23?
Goldman mints billions through investments it is looking to shrink
https://www.ft.com/content/9fb175d7-fcf2-4d82-be0a-62ec49b6ab27
IMF warns on crypto as national currency ahead of El Salvador launch
https://www.ft.com/content/c36c45d2-1100-4756-a752-07a217b2bde0?
Clouds lift as confidence returns to battered airline industry with acting transport correspondent, Philip Georgiadis
https://www.ft.com/content/9214f0a8-cc60-4511-be5d-4362462e1896
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
How climate change is steering the future of food
Read a transcript of this episode on FT.com
https://www.ft.com/content/97741491-f1aa-4107-a84d-ebd874b1259d
House prices are increasing in almost every major economy in the wake of the pandemic, and the success of skateboarding in the Tokyo Olympics could have a real influence on Japan’s culture. Plus, the FT’s commodities correspondent, Emiko Terazono, explains how changing temperatures across the globe are shifting the seasons and the crops that farmers can grow.
Pandemic fuels broadest global house price boom in two decades
https://www.ft.com/content/491a245d-4af7-4cad-b860-6ba51b86b45f?
What growing avocados in Sicily tells us about climate change and the future of food, with commodities correspondent, Emiko Terazono.
https://www.ft.com/content/977fac14-49e0-4497-a435-6581e5792201
Olympics skateboard success sets up fight for sport’s future in Japan, with Asia business editor Leo Lewis
https://www.ft.com/content/d62e6d01-5181-4075-a171-25b542ab818f
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Amazon misses revenue targets in latest quarter
Amazon shares slumped in after-hours trading after the ecommerce giant missed Wall Street’s revenue targets, Robinhood shares stumbled out of the gate on Thursday, and China’s securities regulator has sought to ease concerns among international investors and banks. Plus, the FT’s labor and equality correspondent, Taylor Nicole Rogers, explains how some teenagers gained the upper hand in a hot US summer jobs market
Amazon’s online sales growth slows as lockdowns ease, with San Francisco correspondent, Dave Lee
https://www.ft.com/content/fbc5d16e-2917-4048-a9b4-0f3cc0d6da2e
Beijing seeks to ease fears on Wall Street after tech crackdown, with markets editor, Katie Martin
https://www.ft.com/content/d3d30930-b098-40f0-a628-448c0b532b6d
Robinhood shares slide in debut as investors give broker cold shoulder
https://www.ft.com/content/ff5131d0-1332-4242-96b4-21d59cff9ba6
Teens gain the upper hand in hot US summer jobs market, with labour and equality correspondent Taylor Nicole Rogers
https://www.ft.com/content/ee8db328-b690-4aa6-8562-e94cedbcdb2f
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Fed signals taper decision closer, India’s tech IPO boom
The Federal Reserve signalled it was moving closer to the moment when it will withdraw its support for the US economic recovery by tapering the central bank’s asset purchases, and the international lawyer Philippe Sands explains why he wants to create an international definition for the crime of ecocide. Plus, the FT’s Stephanie Findlay explains why Indian tech companies are going through an IPO boom.
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Fed signals taper decision closer as ‘progress’ made on economy
https://www.ft.com/content/6b5992d3-967e-4a63-b159-a398654d6199
The Rachman Review podcast
https://www.ft.com/rachman-review
India tech IPO boom to provide crucial test of investor appetite
https://www.ft.com/content/f6b35707-e7c5-4d30-8d11-5b8146183ca5?
Tesla co-founder’s battery recycling start-up raises $700m
https://www.ft.com/content/771498b8-9457-462f-aee0-e32db14eea49?
Hosted on Acast. See acast.com/privacy for more information.
Investors are spooked by China’s regulatory crackdowns
Apple’s profit nearly doubled in the latest quarter as iPhone sales surged, and a former oil trader at Glencore has pleaded guilty in the US over his part in a scheme to bribe government officials in Nigeria. Plus, the FT’s US investment editor, Michael Mackenzie, explains why China’s crackdown is burning investors.
Tech blowout: Apple profit nearly doubles as iPhone sales surge
https://www.ft.com/content/18cfeb9a-8596-4d23-badd-df9a62d510ab
Former Glencore trader pleads guilty to role in Nigeria bribery scheme, with natural resources editor Neil Hume
https://www.ft.com/content/392b610f-43c6-4496-bb16-977e1f31f015?
Beijing’s threat to VIEs triggers Wall St panic over Chinese stocks, with US investment editor Michael Mackenzie
https://www.ft.com/content/38ba7bb9-9a7e-4817-80cf-324bc9a4527b?
US law firms up ante on bonuses in war to win staff
https://www.ft.com/content/046d42d1-ec0b-4649-af6a-592430b5668c?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The $30bn insurance broker deal that never came to be
The UK government will consider loosening travel restrictions for travellers from the EU and the US, Intel will change the way it names its most advanced technology and Japanese athletes are raking in the golds at the Tokyo Olympics. Plus, Ian Smith, the FT’s insurance correspondent, explains how pressure from the US Department of Justice caused the $30bn merger between Aon and Willis Towers Watson to collapse.
UK to consider relaxing travel restrictions from EU and US
https://www.ft.com/content/8f7b59c7-89b5-4ca5-a0a4-7f1355fab3e0?
Intel to drop names based on transistor size for advanced chip tech with west coast editor Richard Waters
https://www.ft.com/content/1afe75ed-7867-447d-abb8-6eea3598b029
Aon’s $30bn acquisition of Willis Towers Watson collapses, with insurance correspondent Ian Smith
https://www.ft.com/content/a6471af0-764d-49e7-87a0-dd2a2c110fd9
Tokyo Olympics Alternative medals table, with Asia business editor Leo Lewis
https://ig.ft.com/tokyo-olympics-alternative-medal-table/
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The stock winners and losers half way through the year
The international community is responding to the military’s protest crackdown in a variety of ways, and a look at why Nasdaq is separating its existing marketplace for private company shares into a new unit. Plus, the FT’s markets editor, Katie Martin, talks about the performance of the FT’s annual stock picking contest, thus far.
US places sanctions on head of Cuban military over protest crackdown
https://www.ft.com/content/11d34723-0e79-4718-a9d3-7884ab96e306
Nasdaq: private market exchange is the next frontier, with US Lex editor Sujeet Indap
https://www.ft.com/content/630ac956-c521-4973-9d14-b707fe16c5a3?
FT stockpicking contest: winners and losers at the half way mark, with markets editor Katie Martin
https://www.ft.com/content/1625ef6f-83d5-4a0d-8bbf-7a61b06a963b?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Introducing Tech Tonic: You Can’t Always Get What you Quant
As a News Briefing special we present Tech Tonic episode 3, our FT audio deep dive into how AI is gaining a new edge in markets.
If you enjoyed this episode, click here to subscribe to Tech Tonic.
From picking the best stocks to listening in on earnings calls, AI-powered systems are changing finance. But how big are the rewards, really? And what are the risks? In this episode Robin Wigglesworth tells us how AI has been used in investing, what happens when programs must adapt to new risks and what the robots could learn from watching children play. Hosted by John Thornhill, innovation editor at the Financial Times, and featuring Luke Ellis (chief executive of Man Group), Ewan Kirk (founder of Cantab Capital Partners and chairman of Deeptech Labs), Andrew Ng (founder of DeepLearning.AI and co-founder of Google Brain), and Alison Gopnik (professor of psychology and affiliate professor of philosophy at the University of California, Berkeley).
Alice Fordham is senior producer. Josh Gabert Doyon is assistant producer. Oluwakemi Aladesuyi and Liam Nolan are the development producers. Sound design and mixing by Breen Turner. Cheryl Brumley is the executive producer for this series. Original scoring composed by Metaphor Music.
Review clips: Alphabet, Netflix, Amazon, Man Group.
Hosted on Acast. See acast.com/privacy for more information.
US housing prices spark officials’ concern
Washington and Berlin have reached a deal to resolve their longstanding dispute over the Nord Stream 2 pipeline, and Brussels has insisted it will not renegotiate the EU’s Brexit deal with the UK after London inflamed tensions by launching a bold push to overhaul Northern Ireland trade rules. Plus, rising housing expenses are quickly emerging as a pivotal indicator for officials at the Federal Reserve, within the Biden administration and among private economists.
EU rejects British plan to rip up Brexit deal with George Parker, political editor
https://www.ft.com/content/13ad8840-a83c-4871-a877-47b7001d839b
US and Germany reach truce over Nord Stream 2 pipeline with Aime Williams, US trade correspondent
https://www.ft.com/content/49210a4e-17ed-4a2e-a986-4efcadc7f342
US housing inflation: the sleeping giant that might tip the Fed’s hand with James Politi, Washington bureau chief
https://www.ft.com/content/efdf1845-6138-4af7-8d2b-c20df9fed218
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Netflix gambles on gaming and podcasting
Netflix gained 1.5m subscribers in the second quarter but lost 430,000 subscribers in the US and Canada, and UBS has launched a portfolio that invests solely in women-led hedge funds. Plus, the FT’s metals and mining correspondent, Henry Sanderson, talks about how the London Metals Exchange and the US-based CME Group are vying to capture rapid growth in demand for commodities tied to the electric car industry with new lithium futures contracts.
Netflix bleeds subscribers in US and Canada with no sign of recovery with Tim Bradshaw, global tech correspondent
https://www.ft.com/content/97ccbdab-6547-4d1b-bb3f-f251931901c2
UBS launches portfolio to invest in women-led hedge funds
https://www.ft.com/content/dab5a2b3-c083-411b-b2d1-969d6bcf862b
LME launches lithium contract as CME rivalry intensifies with Henry Sanderson, metal and mining correspondent
https://www.ft.com/content/5ff0aaa5-a501-42a5-85f4-76537cd6c990
French app Yuka brings people power to the supermarket aisle
https://www.ft.com/content/850d9f5c-b4ab-42d5-a53d-d25b3ae99c77
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
US businesses in Hong Kong between a rock and a hard place
Fears over the coronavirus on Monday contributed to European stocks’ worst session of 2021
Description: The threat of the Delta coronavirus variant hit global equity markets on Monday, and the online brokerage Robinhood is seeking a valuation of up to $35bn in its upcoming initial public offering. Plus, the FT’s South China correspondent Primrose Riordan reports that American companies are upset by the Biden Administration’s business advisory warning about the risks of operating in Hong Kong.
Global markets shaken by fears over Delta variant with Mamta Badkar, US breaking news editor
https://www.ft.com/content/5b2248be-8f0e-4235-ba2e-2187c96f16a6
Robinhood seeks valuation of up to $35bn in IPO with Madison Darbyshire, US investment reporter
https://www.ft.com/content/ae0c41a2-0f68-4331-984a-3fd9cf8b6fc2
Companies in Hong Kong fear being crushed between China and US with Primrose Riordan, south China correspondent
https://www.ft.com/content/0d56006e-2820-40b6-9643-4180146ea45f?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The search for a Covid supershot
Opec and its allies have reached a deal to raise oil production in response to soaring prices, and China just launched the world’s largest carbon trading market. Plus, the FT’s global health editor, Sarah Neville, reports on scientists’ pursuit of a “supershot” vaccine to protect against all coronaviruses.
Opec+ reaches deal to raise oil production
https://www.ft.com/content/b517d13d-dc7b-4610-b468-7ded0b46d8f7
China’s carbon market scheme too limited, say analysts, with Beijing correspondent, Christian Shepherd
https://www.ft.com/content/3bcc2380-8544-4146-ba71-83944caff48d
The hunt for a coronavirus super shot, with global health editor, Sarah Neville
https://www.ft.com/content/7e96fa85-2392-467c-8960-0c9444180030
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Pilita Clark’s picks for summer reading about the environment
US retail banks cut their branch networks and trimmed headcount in the first half of the year, and Brussels' historic attempt to tackle climate change faces a wall of opposition from governments in the bloc. Plus, the FT’s business columnist, PIlita Clark, talks about her favourite summer reads about the environment.
US banks close more than 250 branches in bet on digital future with Imani Moise, US banking correspondent
https://www.ft.com/content/26764d8b-9c5f-420a-901c-eaed97dda412
EU climate change plans on collision course over rising cost of emissions
https://www.ft.com/content/883a676c-7370-4e42-9b3a-dcf7e898e7bd?
Summer books of 2021: Environment, with Pilita Clark, business columnist
https://www.ft.com/content/27aa0926-6894-4102-89dc-e006e226cd0d
Manchester City’s parent company raises $650m in one of football’s biggest ever debt deals
https://www.ft.com/content/c8cdc3f6-b7b9-45a9-8a87-f6e7bb5af92a
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Artist Damien Hirst issues his own ‘Currency’
The chair of the Federal Reserve, Jay Powell, sought to ease concerns in Congress about the Federal Reserve’s response to surging
inflation, the assassination of Haiti’s president Jovenel Moïse last week has plunged the poorest nation in the Americas deeper into chaos, and British artist Damien Hirst yesterday launched his NFT-based project, entitled “The Currency”, that calls into question notions of worth and value and presents his buyers with a choice.
Jay Powell says Fed ready to intervene if US inflation spirals out of control
https://www.ft.com/content/37d57052-c2a5-4a44-8b27-9d205a2a1c50
Haiti’s ‘descent into hell’ looms closer after death of president with Michael Stott, Latin America Editor
https://www.ft.com/content/81b683b8-b352-4ea6-9ce1-e0ed280245e1
Damien Hirst launches his own NFT ‘Currency’ by Jan Dalley, Arts Editor
https://www.ft.com/content/9a29c9e1-5990-4fc9-b021-20e4aef5f6fd
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The index of everything
Visa and Mastercard have left open key gateways between Binance and the financial system despite rising regulatory scrutiny of the cryptocurrency, the pace of US consumer price increases accelerated unexpectedly in June. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains why investors might be interested in an “everything index” and how close we are to getting one.
Visa and Mastercard stick with Binance as regulatory scrutiny rises
https://www.ft.com/content/8f2e2528-e289-4233-ba29-1bebf3b1dbdc
Sticker shock: what is driving US inflation higher? With Colby Smith, US economics editor
https://www.ft.com/content/aadaa577-b286-443f-b173-256dfc4af6a5
The quest for the investment Holy Grail — an index of everything with Robin Wigglesworth, global finance correspondent
https://www.ft.com/content/9a9056e1-b35e-4ea7-b9f7-7668c07469ed
Vanguard makes first acquisition with Just Invest deal
https://www.ft.com/content/fdcdeb98-d3d8-4f95-aa5a-32fb54daea53
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
The European Central Bank focuses on climate change
David Cameron was paid a salary of more than $1m by Greensill Capital, the finance company whose dramatic collapse exposed the former UK prime minister’s extensive lobbying efforts, and US banks will face tough questions about the prospects for their lending operations this week when they report second-quarter earnings, flattered by smaller-than-expected credit losses during the pandemic. Plus, Martin Arnold, the FT’s Frankfurt bureau chief, interviewed Christine Lagarde, European Central Bank president, about the bank’s plans to prioritise climate change in its policy decisions.
Greensill Capital paid Cameron salary of more than $1m a year
https://www.ft.com/content/536867f4-2dd3-42a1-9b29-54ed92693635?
US banks enter earnings season with eyes on loan growth, with Imani Moise, US Banking Correspondent
https://www.ft.com/content/8738c327-ceab-4d00-8c24-fbc44c81a0c4
ECB faces row over how to implement new strategy, Lagarde warns, with Martin Arnold, Frankfurt Bureau Chief
https://www.ft.com/content/11e953df-536b-43aa-9c21-65b8dd79c797
Jump in coffee bean prices set to filter through to your morning brew
https://www.ft.com/content/d4146bb5-896b-4f1f-b5f8-930cb2bfb729
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
EU’s Andreas Schwab responds to White House criticism of EU tech regulation
The rapid spread of the Delta coronavirus variant is causing concern about Europe’s economic recovery, and the number of start-ups valued above $1bn grew rapidly in the second quarter. Plus, the FT’s EU correspondent, Javier Espinoza, interviews the influential European Union lawmaker who is steering the EU’s flagship tech regulation through Parliament and wants to target the top US tech companies.
Delta variant surge casts doubt over Europe’s economic rebound
https://www.ft.com/content/1f9c18cf-706c-4d9c-9764-d3c088bdc1a2
EU should focus on top 5 tech companies, says leading MEP, by Javier Espinoza
https://www.ft.com/content/49f3d7f2-30d5-4336-87ad-eea0ee0ecc7b
Billion dollar ‘unicorns’ hit record numbers as valuations surge, by Miles Kruppa
https://www.ft.com/content/ccfc6bbd-56b6-4cef-b89d-4f88ceb7b126
Richard Branson touches the edge of space
https://www.ft.com/content/bf3130f4-5f62-4f9d-941a-d1db98dc0233?
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Martin Wolf's summer reading list
The UK’s advertising watchdog says it will clamp down on misleading marketing for crypto investments, and stock markets dropped on Thursday on rising concerns about prospects for the global economy. Plus, the FT’s chief economics commentator, Martin Wolf, picks his top economics summer reads.
UK advertising watchdog to crack down on misleading crypto marketing
https://www.ft.com/content/19ad9810-402d-4529-89b5-732521829548?
Markets enjoy blessed relief now the heavy storms have passed with Katie Martin, Markets Editor
https://www.ft.com/content/80717968-7714-4ed8-b73b-029f9b1e9590
Treasuries rally and stocks drop on rising economic concerns
https://www.ft.com/content/e549f4b1-f2f8-4213-8f04-679f89286c31
Summer books of 2021: Economics with Martin Wolf, Chief Economics Commentator
https://www.ft.com/content/239f31cb-57a3-43d3-ab3d-d18d068f4994
Japan bans spectators at Olympics events in and around Tokyo
https://www.ft.com/content/af205e68-51e3-4165-b211-d22f9c3c86c8
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
A wave of private equity buyouts in the UK prompts concern
Former president Donald Trump is suing Facebook, Twitter and Google’s YouTube, as well as their respective chief executives, in lawsuits alleging “unlawful censorship” of Americans, the new Delta variant of coronavirus is driving up infection rates in countries across the globe, and South Africa’s president has been arrested. Plus, the FT’s private capital correspondent, Kaye Wiggins, explains why private equity firms have been targeting UK companies and how the British public is reacting.
Trump sues Facebook, YouTube and Twitter over ‘censorship’
https://www.ft.com/content/86c98f3b-7d25-42b9-abf6-68b4b0839c66
Delta variant drives Spain’s Covid-19 rate to highest in mainland Europe
https://www.ft.com/content/06334a7b-30cc-40bf-942b-e3bcd2efb305
LGIM warns against private equity buying Morrisons for ‘wrong reasons’
https://www.ft.com/content/9d1a6019-6571-478c-8b1f-f267bb582f0d
The Rachman Review podcast: South Africa’s pivotal moment
https://www.ft.com/rachman-review
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What did Didi’s bankers know before the IPO?
Didi lost a fifth of its market value after Chinese regulators announced an investigation into the ride-hailing app that last week raised more than $4bn in a New York IPO, the Opec impasse highlights growing tensions between Saudi Arabia and the United Arab Emirates, the Pentagon cancels a highly sensitive $10bn cloud contract awarded to Microsoft, and a new report that says Viktor Orban’s government is failing to ensure the transparent use of EU funds and their independent oversight, which will embolden calls to withhold payments to Hungary.
Didi caught as China and US battle over data
https://www.ft.com/content/00403ae5-7565-413e-907d-ad46549375ba
Pentagon cancels $10bn cloud contract awarded to Microsoft
https://www.ft.com/content/7ac0e691-665f-4328-8b29-ee4883068e80
Opec impasse sees UAE ‘flexing its muscles’ against Saudi Arabia
https://www.ft.com/content/baca384d-c477-4a8b-bdcd-b174317af387
Orban government not ‘reliable steward’ of EU funds, report says
https://www.ft.com/content/4d79583c-f5a1-40be-93dc-cae27e6c713f?
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China’s widening tech crackdown
KKR is expanding its operations to target more takeovers in the UK,
ransomware hackers hit more than 1,000 companies in what appears to be one of the largest supply chain attacks to date, and oil prices jumped to the highest level in three years on Monday after oil producers abandoned a decision over increasing oil production. Plus, the FT’s deputy Beijing bureau chief looks at why Chinese regulators are going after Chinese tech companies that recently listed in the US.
KKR steps up pursuit of UK companies amid buyout frenzy
https://www.ft.com/content/e5cc18cf-081d-4b68-b469-ca77935a615e?
Oil hits three-year high after Opec+ abandons meeting
https://www.ft.com/content/c9746fbc-7a90-4c9a-9a52-30b44475aa9a
Russia-linked hackers target IT supply chain with ransomware
https://www.ft.com/content/a8e7c9a2-5819-424f-b087-c6f2e8f0c7a1
China targets more tech groups after Didi crackdown
https://www.ft.com/content/771f6d40-ecd2-4855-8193-d0550f1d2e3d
Clubhouse discussion on Jeff Bezos’s departure from Amazon
https://www.clubhouse.com/event/PrDXYYvL
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Introducing Tech Tonic: Trust me, I’m a robot
As a News Briefing special we present Tech Tonic, our FT audio deep dive into the promises and perils of artificial intelligence.
If you enjoyed this episode, click here to subscribe to Tech Tonic.
Tech Tonic S2 E2: Trust me, I’m a robot
What does it mean for AI to augment human perception? In this episode the FT’s Madhumita Murgia takes us to a small village in rural India where AI is being used to help doctors better diagnose tuberculosis and looks at a healthcare system where it is helping patients who doctors may have overlooked.
Alice Fordham is senior producer. Josh Gabert Doyon is assistant producer. Oluwakemi Aladesuyi and Liam Nolan are the development producers. Sound design and mixing by Sean McGarrity. Cheryl Brumley is the executive producer for this series. You heard the song Down in the Coalmine by The Ian Campbell Folk Group, as well as original scoring composed by Metaphor Music.
Hosted on Acast. See acast.com/privacy for more information.
What the Apple Daily closure means for the free press in Hong Kong
The world’s leading economies have signed up to a plan that looks to force multinational companies to pay a global minimum corporate tax rate of 15 per cent, economists believe that the Federal Reserve will raise interest rates by the end of 20-23, and Robinhood is targeting a valuation of $40bn or more ahead of its public offering. Plus, the FT’s Nicolle Liu explains what the closure of the Apple Daily newspaper means for the media landscape in Hong Kong.
World’s leading economies agree global minimum corporate tax rate
https://www.ft.com/content/d0311794-abcf-4a2a-a8a4-bcabfc4f71fa
Robinhood targets $40bn valuation ahead of IPO
https://www.ft.com/content/7421d913-0f77-4458-9032-59ba32c846f1?
Economists predict at least two US interest rate rises by end of 2023
https://www.ft.com/content/de778e1b-3876-4999-942e-186c2a692a1a
Apple Daily’s death leaves a shadow over free press in Hong Kong
https://www.ft.com/content/c7aa2919-dce1-4196-8d4a-ad9f57c59c4e
Hosted on Acast. See acast.com/privacy for more information.
How English Channel ports avoided a Brexit meltdown
Private equity firms have broken a 40-year record with $500bn in deals that helped to propel global mergers and acquisitions activity to an all-time high, and the dominant Chinese ride-hailing company, Didi Chuxing, became the largest Chinese company since Alibaba to list in the US, and nightmarish fears of traffic jams and clogged ports after Brexit never materialised thanks to several factors.
Private equity breaks 40-year record with $500bn deals
https://www.ft.com/content/cd9571a3-726c-4995-9954-23a8dcf12b19?
Didi shares rise on New York trading debut
https://www.ft.com/content/dd7ea7fa-96c4-420c-94be-5730a284cc04
How Britain’s Channel ports avoided Brexit meltdown
https://www.ft.com/content/1001c054-0cf9-4f30-a62a-c9ac91e58223
Tim Berners-Lee’s web NFT sells for $5.4m
https://www.ft.com/content/0e45c25b-f66b-44d1-b662-0e7b095664f9
Hosted on Acast. See acast.com/privacy for more information.
Inside the secretive private equity firm behind the £6.8bn Asda buyout
Today the UK will set out a plan for a simpler, more “nimble” post-Brexit system of state subsidies, and the Japanese conglomerate Hitachi is anticipating a wave of infrastructure spending as it bets on the US market to drive its next phase of growth. Plus, the FT’s private capital correspondent, Kaye Wiggins, investigates the low-profile investors behind the £6.8bn buyout of UK supermarket chain Asda.
UK unveils post-Brexit state aid scheme to support industry
https://www.ft.com/content/4206d16f-772f-4257-bdca-ca19ca049402
Hitachi targets strong US growth under Biden’s infrastructure plan
https://www.ft.com/content/e9a43c04-7d89-4f71-a77a-060cc12930cc
Inside the secretive private equity firm behind the £6.8bn Asda buyout
https://www.ft.com/content/ce7092f9-645a-46bd-8007-611c99fd8907
Zaoui brothers join Europe’s emerging Spac movement
https://www.ft.com/content/ae2a02ae-2af7-4a61-9c40-cf41927c3b3a?
Hosted on Acast. See acast.com/privacy for more information.
The frontrunner to replace Angela Merkel talks the CDU and Germany’s economy
A US judge has dismissed two antitrust lawsuits against Facebook, investors are reassessing their conviction in the reflation trade that has captivated Wall Street this year after a hawkish tilt by the US central bank inflicted losses on some fund managers, Binance customers have lost the ability to withdraw and deposit pounds using one of the main UK payments systems. Plus, the FT’s Berlin bureau chief, Guy Chazan, spoke with Armin Laschet, leader of the CDU and frontrunner to replace Angela Merkel, about his plans for Germany’s economy and relations with China.
US judge dismisses antitrust lawsuits against Facebook
https://www.ft.com/content/bedb65dd-53c9-4e31-b3d7-c85a40fdb104
Reflation trade unwind wrongfoots several big-name hedge funds
https://www.ft.com/content/4fc62da9-da68-4d1f-a2aa-c8a575d11920?
Binance customers frozen out of withdrawals through key UK payments network
https://www.ft.com/content/2d427ed7-f9e4-46cf-a4c4-46429b19df5d?
FT interview: Armin Laschet on Merkel, the Greens and fiscal rules
https://www.ft.com/content/e3c3e517-2c5b-49d6-a566-0f6bd896f8fe
Olaf Scholz treads fine line on German thrift versus pandemic spending
https://www.ft.com/content/1d6d8876-2b21-4550-ba85-443d5c20919b?
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The Amazon wage effect
The UK’s financial watchdog has ordered crypto exchange Binance to stop all regulated activities in Britain, and Denmark’s media industry is pioneering a new bargaining tactic to try and make Google and Facebook pay for news. Plus, the FT’s Andrew Edgecliffe-Johnson reports that some US companies blame Amazon’s aggressive hiring practices for the current labor shortage.
Financial watchdog bans crypto exchange Binance from UK
https://www.ft.com/content/8bc0e5e0-2705-496d-a265-acccaffaee87
Danish media club together to make US tech giants pay for news
https://www.ft.com/content/c83d6b7f-ed19-4a90-a719-3bf4aedccdff?
Amazon effect’ sets the tone for US workers’ remuneration
https://www.ft.com/content/9e8b9727-7955-44c4-955a-73375a7a20ef
UBS to let most staff mix working from home and office permanently
https://www.ft.com/content/1601e314-6d6d-4014-94df-f2858ee64e8e?
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Biden strikes infrastructure deal, Bitcoin’s plunge
US President Joe Biden has secured a deal on an infrastructure package worth about $1tn to spend on upgrading roads, bridges and broadband networks over the next eight years, and the US Federal Reserve loosened restrictions on dividends and buybacks by America’s biggest banks as it released an analysis showing the lenders could suffer almost $500bn in losses and still easily meet capital requirements, and the price of bitcoin briefly dropped below $30,000 in volatile trading after a sweeping regulatory crackdown.
Biden agrees slimmed-down $1tn infrastructure deal with senators
https://www.ft.com/content/b262ed46-152d-42bd-9a6d-b70d679bb282?
Fed gives passing grade to biggest US banks in stress tests
https://wwwk.ft.com/content/78f53986-fefa-4208-b4ea-674052a9ca3f
Bitcoin sinks below $30,000 for first time since January:
https://www.ft.com/content/a53a6342-f1e3-4cfe-aab0-642434da428c
Andreessen Horowitz increases crypto bets with new $2.2bn fund
https://www.ft.com/content/36413e3e-7915-45c7-b4ce-ccbeac972c94?
Hosted on Acast. See acast.com/privacy for more information.
Meme ‘stonks’ and the market
Read a transcript of this episode on FT.com
https://www.ft.com/content/eb36b605-47d9-465a-91f8-d47a4af45fae
Tech groups in Taiwan are accused of locking up migrant workers as coronavirus hits the sector, and the rapid rise in prices for raw materials has reversed a decades-long decline in the cost of solar energy. Plus, our global finance correspondent, Robin Wigglesworth, explains how financial memefication is evolving from a niche corner to grow deep roots in stock markets
Tech groups in Taiwan accused of locking up migrant workers
https://www.ft.com/content/4269650e-7660-4b80-b294-f81b4368784c
Solar power investors burnt by rise in raw materials costs
https://www.ft.com/content/2f8dd951-a1b1-410a-89dd-14728c56235d
How meme lords fuelled a boom in the ‘stonk market’
https://www.ft.com/content/e3304649-7348-424e-b354-e8da1c819364
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Why Instagram is getting filtered out
House prices have set records in the US and parts of Europe, and the artificial intelligence-based drug-discovery platform Insilico has raised more than $255m from investors. Plus, the deputy head of the FT’s Lex column, Elaine Moore, explains why Instagram is struggling to stay relevant in today's social media landscape.
House prices climb to record levels in US and Europe
https://www.ft.com/content/3082fe00-cdb7-4eb9-ab2d-2309b9848114
AI drug discovery start-up Insilico raises more than $255m
https://www.ft.com/content/704ced9a-dffd-49a1-a58f-46fc6dca0cd2
Too many influencers, not enough eyeballs: will boredom kill Instagram?
https://www.ft.com/content/9c00219a-229a-4b82-a7c3-63000b558053
More than 5m people become millionaires despite pandemic
https://www.ft.com/content/86b99144-ba71-441d-b297-ddcdc94ea7f2?
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US student athletes’ Supreme Court victory
The head of the US Food and Drug Administration is under fire after approving a controversial Alzheimer’s drug, a Covid outbreak at a Chinese port has further disrupted global shipping, and the Tokyo Olympics will have limited spectators when the games begin next month. Plus, the FT’s US sports business correspondent, Sara Germano, explains the US Supreme Court ruling in favour of student athletes who sued the National Collegiate Athletic Association.
US medicines watchdog accused of cozy ties with Big Pharma
https://www.ft.com/content/4013ea99-0413-40f5-b93c-f3de001ccf12?
Covid outbreak at Chinese port exacerbates global supply chain delays
https://www.ft.com/content/c3c55dca-2ee7-488a-ad68-9286822b881c?
Olympic venues to cap number of spectators at 10,000
https://www.ft.com/content/eafb2809-2103-4d6e-97d7-da760095718a
Student athletes win US Supreme Court showdown against NCAA
https://www.ft.com/content/9c00913e-afe8-4dc8-8881-38d93d713d49?
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How artificial intelligence is reshaping the world
Reflation trade has been pummelled after the Federal Reserve unexpectedly signalled a shift in its stance on inflation, and, European Central Bank executive Fabio Panetta says the introduction of a digital euro would boost consumers’ privacy. Plus, the FT’s innovation editor, John Thornhill, talks about the new season of the Tech Tonic podcast and its main focus, artificial intelligence.
Reflation trades pummelled as Fed shift resets markets
https://www.ft.com/content/2fa0c907-f597-49b2-a08d-35249d1d5a9f
Digital euro will protect consumer privacy, ECB executive pledges
https://www.ft.com/content/e59e5d61-043a-4293-8692-f8267e5984c2?
Tech Tonic Season 2
Today's Clubhouse discussion on artificial intelligence
https://www.clubhouse.com/join/FinancialTimes/MLICXXgQ/PAwJ017M
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Black Americans’ unease with official embrace of Juneteenth
The premium above super-safe US Treasuries that investors demand to buy risky corporate debt has dropped to its lowest level in more than a decade, and tensions between Hong Kong and Taiwan threaten one of the region’s most important trade and investment relationships. Plus, the FT’s race and equalities correspondent, Taylor Nicole Rogers, explains why some black Americans take a dim view of America’s newfound embrace of the Juneteenth holiday.
Bond spreads collapse as investors rush into risky corporate debt
https://wwww.ft.com/content/ed39b06a-a9e1-4e6c-9fa1-f386d06d6410?
Hong Kong-Taiwan spat threatens cross-Strait business
https://www.ft.com/content/7e3845c2-7fc7-4199-8fc2-8c7cc66111ab
Companies’ embrace of Juneteenth holiday rings hollow to some
https://www.ft.com/content/512973a1-0adf-4f6b-91f5-e2fc33a6bb3e
Ronaldo’s Coke moment signals shifting balance of power in sport
https://www.ft.com/content/e11ec659-d386-47f5-b284-c6951fa45870
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Federal Reserve signals first rate rise in 2023
Federal Reserve officials expect to start raising US interest rates in 2023, Toshiba’s latest corporate crisis is a scandal over efforts to thwart activist shareholders, and the appointment of 32-year-old Big Tech critic, Lina Khan, as chair of the US Federal Trade Commission signals tougher antitrust enforcement.
Fed signals first rate rise will come in 2023
https://www.ft.com/content/0bf83e29-5ee2-415e-9e03-0edb38218bf3
Big Tech critic Lina Khan to lead US competition regulator
https://www.ft.com/content/bee1b959-b2aa-4ee1-8391-d5b5832ededd
Toshiba board’s chair rebuffs calls to quit over governance scandal
https://www.ft.com/content/e4535a1a-f55b-4713-b6cc-f7dccce64f77
Podcaster turned tech investor raises $140m fund
https://www.ft.com/editor/eac67acc-6b52-4479-90bf-eeae3efe0041?
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Web founder Tim Berners-Lee auctions off original source code
The Tokyo Olympic Games will need a public bailout of about $800m if spectators are banned, and the end of the interminable EU and US struggle over aircraft subsidies marks a major truce in what seemed an intractable trade conflict. Plus, the FT’s global technology correspondent, Tim Bradshaw, spoke to world wide web founder Tim Berners-Lee about his decision to auction off the original source code as digital art.
Tokyo Olympics will need bailout if games go ahead without spectators
https://www.ft.com/3cd58c64-039e-4147-a744-af676de1691d?
Airbus/Boeing deal explained: what is in it and what happens next
https://www.ft.com/content/1e04dfe1-9651-4b9e-90d9-fdbd82b45253
Web inventor Berners-Lee to auction original code as NFT
https://www.ft.com/content/a77ad1bf-fae0-478b-aa05-a07790314ebc?
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When Biden meets Putin
The world’s longest undersea electric cable, between the UK and Norway, is set to be switched on this week, the US Federal Reserve could begin discussions this week about shrinking its $120bn monthly asset purchase scheme, and Nato leaders issue a warning about China’s military ambitions. Plus, the FT’s Europe editor, Ben Hall, previews US president Joe Biden’s first meeting with Russian president Vladimir Putin.
UK and Norway complete world’s longest subsea electricity cable
https://www.ft.com/content/399c1c37-3f7a-4770-af13-66741df01135?
Fed to discuss slowing stimulus as recovery strengthen
https://www.ft.com/content/9d100381-3f86-4540-91c8-4477b4cef127
Nato warns China’s military ambitions threaten international order
https://www.ft.com/content/f454033a-9975-4efd-92eb-9cf63306af7f?
Biden, Putin and the new era of information warfare
https://www.ft.com/content/51fc3b07-78a5-4461-823c-c9d22baeb063?
Morgan Stanley chief urges employees to return to office
https://www.ft.com/content/ffd6033f-e8fc-4289-85b2-42bc4ddddd16?
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China’s proliferating smart city technology
Israel’s parliament has voted in a new government, ending rightwing stalwart and five-time premier Benjamin Netanyahu’s 12-year grip on power, South Korean shipbuilders and sea freight companies will seek to raise billions of dollars via stock market listings in the second half of 2021 as the industries enjoy a global trade rebound, leaders of the G7 countries back a western rival to China’s Belt and Road Initiative to help developing countries tackle climate change. Plus, the FT’s global China editor, James Kynge, reports on how China’s smart city surveillance technology is being used around the world, and the growing backlash.
End of era in Israel as Netanyahu is ousted
https://www.ft.com/content/f0824e22-2e42-4d80-b0fa-574c6b12b9dd
G7 set to agree ‘green belt and road’ plan to counter China’s influence
https://www.ft.com/content/f33b43e6-0cea-486b-a3cf-628a31c09693
Exporting Chinese surveillance: the security risks of ‘smart cities’
https://www.ft.com/content/76fdac7c-7076-47a4-bcb0-7e75af0aadab
Korean shippers to raise billions of dollars as global trade rebounds
https://www.ft.com/content/eab4b7b5-7590-477f-bd7e-e919501a54b4
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Inflation rises but worries fade, global taxation deal
Leaders of the G7 economies convening in the UK will announce a pledge to provide 1bn coronavirus doses to poorer countries as part of plan to “vaccinate the world” by the end of 2022, US government bonds shrug off leap in inflation, global regulators are calling for cryptocurrencies to carry the toughest bank capital rules of any asset, and iconic British department store group Selfridges has been put up for sale with an estimated £4bn price tag after receiving an approach from a potential buyer.
G7 leaders to pledge to donate 1bn Covid 19 doses to poorer countries
https://www.ft.com/content/000e6968-8ae4-4f00-9cb5-324b98aa779b
US bond rally eases pressure on emerging market hedge funds
https://www.ft.com/content/c1058fd7-47cf-4bcc-9d8c-d5bf8887c715
Global banking regulator urges toughest capital rules for crypto
https://www.ft.com/content/3fe7be31-179a-47dd-9a61-8f4ea42b9c62?
Selfridges up for sale with £4bn price tag
https://www.ft.com/content/134c756c-e220-44ec-a82c-afc0099bf9b1
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The true cost of zero commission trading
Today’s report on US consumer prices is expected to show that prices further accelerated in May, US president Joe Biden will use this week’s G7 summit to encourage allies to join Washington’s tougher stance towards Beijing, and Olympic sponsors worry if being associated with the games will damage their brand. Plus, the FT’s Eva Szalay interviews a market insider who says popular trading platforms that offer “zero commission” trades are not being entirely honest with customers.
Will hot US inflation data unsettle markets?
https://www.ft.com/content/7377a5d6-73e8-442e-96e8-ea2535286c08
Joe Biden rallies allies to take tougher stance on China
https://www.ft.com/content/203d664a-c834-48d7-805d-c49d44aa2a9a
Japanese sponsors think twice about being associated with Tokyo Olympics
https://www.ft.com/content/2e8b9ce5-95e0-4114-884b-f05de926ccde
Retail trading frenzy reflects ‘broken’ US equity markets, says XTX’s Gerko
https://www.ft.com/content/d813fe90-29ba-4c98-ac57-c2919a7970b1
Sign up for today’s Future of News event here:
https://futurenews.live.ft.com/
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The FBI’s hi-tech sting, the day the internet broke
Joe Biden’s plan to overhaul the international tax system will face a difficult passage through the US Congress as Republicans threaten to vote down a prospective deal, and millions of internet users lost access to major sites yesterday due to a configuration error at a Silicon Valley internet infrastructure provider, Fastly. Plus, more than 800 people around the world have been arrested in a coordinated police sting that lured drug dealers, mafia members and other criminals onto an encrypted communications platform secretly run by the FBI.
Cloud glitch brings down thousands of websites
ft.com/content/0d5b9430-750b-44b7-b238-6e2160c3c591
Hundreds arrested worldwide in Trojan Shield organised crime sting
https://www.ft.com/content/47c271c1-0be3-4a5c-9ca6-b231ed0f7fef?
Indian tycoons surpass Chinese tech moguls in global rich list
https://www.ft.com/content/2026fa04-fc22-4e20-ad0e-3d76a1ddf028?
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Abu Dhabi’s creative pivot away from oil
US officials say they have recovered $2.3m worth of ransom payments made to hackers who shut down the Colonial pipeline last month, investors pile into Biogen after the US Food and Drug Administration approves the company’s Alzheimer’s treatment, and Mexico’s president Andrés Manuel López Obrador loses his congressional supermajority. Plus, the FT’s Gulf correspondent, Simeon Kerr, explains why Abu Dhabi is shifting away from oil and investing more into arts, media and culture.
US says it has recovered majority of Colonial pipeline ransom
https://www.ft.com/content/43dab2dc-a7aa-4102-9779-d1b6ced2985b
Alzheimer’s drug from Biogen wins US approval
https://www.ft.com/content/6f48610b-ec86-4deb-a89c-fc0a0f332bb0
Mexico’s president loses congressional supermajority in elections
https://www.ft.com/content/36e737a9-ae48-4ff8-8e6c-88f54344b372
Abu Dhabi plans $6bn culture spend to diversify from oil
https://www.ft.com/content/c0ae0344-280b-40f0-a67f-7edc24033caf?
Jeff Bezos to go to space after stepping down at Amazon
https://www.ft.com/content/defbe912-ceb9-4017-a215-16d214484597
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The potential disruption of decentralised finance
One of the world’s largest electronics contract manufacturers warns the global chip shortage could last until mid-2022, the G7 advanced economies have struck what they have termed a “historic agreement” on taxing multinationals, and China is taking measures to cool the renminbi rally. Plus, the FT’s venture capital reporter, Miles Kruppa, talks about cryptocurrency startups that aim to disrupt and decentralise finance.
Chip shortage to last until at least mid-2022, warns manufacturer
https://www.ft.com/content/04858089-fbe7-44f1-b096-8e705c664f8e?
G7 strikes historic agreement on taxing multinationals
https://www.ft.com/content/a308bbff-5926-47a1-9202-6263e667511e
China boosts measures to cool renminbi rally
https://www.ft.com/content/4ab2d4a7-4a73-4d39-bfba-f97dd91de54b
Silicon Valley bets on crypto projects to disrupt finance
https://www.ft.com/content/0f179c8d-aa60-41d4-96d7-5d53e78c3514
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Are we in a new era of inflation?
The Biden administration is banning Americans from investing in dozens of Chinese defence and surveillance technology companies, and US job creation is expected to have accelerated sharply in May which could signal an easing of labour shortages. Plus, the FT’s economics editor, Chris Giles, examines whether this current rise in prices is temporary, or whether inflation is back for an extended stay.
Washington to bar US investors from 59 Chinese companies
https://www.ft.com/content/91e6fb2a-6385-49b3-83aa-8044374805c4
Economists see accelerating US job growth in May payrolls data
https://www.ft.com/content/f38da494-2d09-4d8e-b39f-c531ee48ef3a?
FT Series Inflation: a new era?
https://www.ft.com/content/b6dfb1dc-eb86-4bad-87b0-d800b79195d3
United hopes to revive supersonic era almost 20 years after Concorde
https://www.ft.com/content/903b47e9-86b3-4e68-a5e4-414b142cc7b0
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AMC butters up retail investors, Naomi Osaka shakes up sports media
A wave of high-profile ransomware assaults over the past two months has convulsed the insurance market, US cinema chain AMC is offering popcorn to its retail investor base and its share price surged so fast trading was briefly halted, and the FT’s sports business correspondent Sara Germano talks about covering Naomi Osaka’s pushback on media coverage.
Cyber insurers recoil as ransomware attacks ‘skyrocket’
https://www.ft.com/content/4f91c4e7-973b-4c1a-91c2-7742c3aa9922?
Cinema chain AMC surges after luring DIY traders with free popcorn
https://www.ft.com/content/2cc442a9-28da-4bcd-88a2-fda1404f0ef6
Naomi Osaka shows a shift in sport’s balance of power
https://www.ft.com/content/7a380a76-9bd7-4d8e-8cc9-5544c6f51b68
Making chocolate can give Ghana a taste of prosperity
https://www.ft.com/content/dbd20f9f-b9f7-4bf4-86dd-1a8c84069f01?
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Djibouti is trying to become the Singapore of Africa
Former Apollo Global Management chief executive, Leon Black, has been hit with a lawsuit claiming that he raped and harassed a young Russian model, Opec and its allies caused oil markets to jump by sticking with their plan to only gradually release more barrels into the oil market, and Germany’s Green Party is struggling to maintain momentum as a September election approaches. Plus, Djibouti is one of Africa’s fastest growing economies. The FT’s east and central Africa correspondent, Andres Schipani, explains what is happening there.
Ex-Apollo CEO Leon Black raped and harassed Russian model, lawsuit alleges
https://www.ft.com/content/72244917-3208-43ab-b076-513c9fc058ee
Oil prices rally as Opec+ producers agree slow supply increase
https://www.ft.com/content/e74a09b0-9ce3-46f0-95b9-5fa7f0792dce
Germany’s Greens lose their lustre as election heats up
https://www.ft.com/content/5c477906-c15c-4de9-bcf7-6cdbe5eb413d?
Djibouti’s port dream to become the ‘Singapore of Africa’
https://www.ft.com/content/15aefce3-2e6b-4e1a-b480-bfc066f7d8dd
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How Covid-19 finally caught up with Taiwan
The surge in pet ownership during the pandemic has helped propel the group behind pet insurer Bought By Many to a valuation of more than $2bn, and a director at the company behind the video game Final Fantasy says 5G could disrupt the reign of the console. Plus, the FT’s greater China correspondent, Kathrin Hille, tells us how Taiwan is dealing with the latest wave of Covid-19 and how it’s affecting chipmakers
Lockdown pet boom helps insurer to $2bn valuation
https://www.ft.com/content/019cce7c-21e7-462c-b8ab-573a35218d7a
‘Final Fantasy’ producer says 5G will end games console’s long reign
https://www.ft.com/content/0fa963d8-1de8-4390-b3db-8e9908510605
Taiwan imposes strict social curbs to stem its worst Covid outbreak
https://www.ft.com/content/85604b0b-e7aa-4e26-a547-b3d27b262e6b
Covid-stricken Brazil to host Copa America football tournament
https://www.ft.com/content/c3658bcf-695b-4e3e-9625-41b170e8248c
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US regulation on cryptocurrencies could be coming
American retailers are rushing to secure inventory ahead of the year end holiday season, US financial authorities are preparing to take a more active role in regulating the $1.5tn cryptocurrency market, and Russia released $500m in credit to Belarus as western countries target Minsk with sanctions. Plus, the FT’s Unhedged columnist Robert Armstrong explains why he thinks bitcoin might be better thought of as an equity call option than a currency.
US retailers rush to secure holiday season stock
https://www.ft.com/content/3a7c02ba-89b0-45d1-8f02-d5eb3c002848
Russia releases $500m loan to Belarus as west imposes sanctions
https://www.ft.com/content/5953320d-c342-457a-af40-50424d159ffd
US regulators signal bigger role in cryptocurrencies market
https://www.ft.com/content/a2c13ce0-6e66-4751-aa65-6c668d303101?
Bitcoin as a call option
https://www.ft.com/content/ed884387-73a3-4e5a-b1db-8f122cd54887
Nestlé document says majority of its food portfolio is unhealthy
https://www.ft.com/content/4c98d410-38b1-4be8-95b2-d029e054f492?
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European stocks are getting their moment in the sun
The market for special purpose acquisition companies has become an unexpected casualty of the Archegos Capital Management scandal, and the activist investors who won a stunning proxy battle against ExxonMobil this week said the supermajor would need to cut oil production. Plus, the FT’s markets editor, Katie Market, explains why European stocks are rallying while US equities lose some steam.
Archegos fallout hits market for blank cheque companies
https://www.ft.com/content/ee15fbca-8ef7-4b6f-bb87-30378805dd29
Hedge fund that beat ExxonMobil says it will have to cut oil output
https://www.ft.com/content/52645b30-c378-49e3-8609-4f537284889a
Investors bet eurozone stock rally will gather steam as economy rebounds
https://www.ft.com/content/159bbd29-7bb7-448f-9603-c42a57c90ea3?
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Big oil companies face backlash on both sides of the Atlantic
Tesla is set to pay for chips in advance to overcome the global chip shortage, and Amazon locks in its $8.45bn acquisition of MGM. Plus, the FT’s US energy editor, Derek Brower, explains what a court case against Royal Dutch Shell and a historic proxy vote at ExxonMobil means for the oil industry and the environment.
Climate activists hail breakthrough victories over Exxon and Shell
https://www.ft.com/content/fa9946b9-371b-46ff-b127-05849a1de2da?
Amazon-MGM: Will MGM be Amazon’s ticket to the big leagues?
https://www.ft.com/content/97d2edb8-355c-4af0-9f00-8b0a65d818f1
Tesla set to pay for chips in advance in bid to overcome shortage
https://www.ft.com/content/49459668-7eab-4589-8338-059e06b9fd8a?
Iran bans bitcoin mining as power cuts grip country
https://www.ft.com/content/be0c8a04-9a58-4926-83f3-b99141c4f721?
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Can oil dependent countries adjust as the world shifts from fossil fuels?
England’s National Health Service is preparing to scrape the medical histories of 55m patients into a database it will share with third parties, and dozens of American companies that suspended political contributions after the US Capitol attack are sitting on $28m in unspent cash. Plus, the FT’s senior energy correspondent, Anjli Raval, explains how fossil fuel-dependent economies are vulnerable as the world shifts away from oil and gas in order to hit 2050 emissions targets.
England’s NHS plans to share patient records with third parties
https://www.ft.com/content/9fee812f-6975-49ce-915c-aeb25d3dd748?
US companies amass political funding cash pile after Capitol riot
https://www.ft.com/content/7151951f-5f1c-49fc-95f0-190ed00a4631
Climate change: oil producers face costly transitions
https://www.ft.com/editor/27b4b7f1-9b08-4406-8119-03a73fb6ce19?
Cost of breakfast up by a third since start of pandemic
https://www.ft.com/content/007bd0a0-f149-427d-937c-ec5b0ef4374d
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Can economic reform create a more level playing field for Black Americans?
Deutsche Bank is relocating 100 bankers from London to offices in the EU and Asia as Germany’s largest lender accelerates a corporate restructuring following Brexit, and France’s President, Emmanuel Macron, is caught between financial prudence and political reality as the French economy recovers with a presidential election looming on the horizon. And the US economy is recovering but unemployment among Black Americans is still much higher compared to other communities.
Deutsche accelerates overhaul of corporate bank after Brexit
https://www.ft.com/content/891b2482-e15e-4c2f-8e51-9a4271599dc0
Macron weighs economics versus politics in French reopening
https://www.ft.com/content/5fea422b-15a0-48a3-8a52-0113ece7db17
Economic reform crucial to improving the lives of black Americans
https://www.ft.com/content/377a163d-fdbf-4f11-bb4a-e26465f8c2aa
European groups pump money into Swedish ‘green steel’ start-up
https://www.ft.com/content/ee91775f-0310-4e1b-b162-ffdf6e066757?
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Epic vs Apple legal battle wraps up
Today is the final day of the courtroom battle between Apple and Fortnite developer Epic games, which has accused Apple of abusing its position by forcing developers to distribute apps exclusively through the App Store. ExxonMobil faces a pivotal moment this week as shareholders have their say on what critics call an inadequate response to seismic shifts brought on by climate change. The chief executive of AstraZeneca, Pascal Soriot, insists that his company’s Covid-19 has a future, and for the first time, the European bloc is allowed to arm governments in conflict zones, with money from a new €5bn fund known as the European Peace Facility.
Tim Cook grilled over App Store fees as Epic battle reaches climax
https://www.ft.com/content/86f8fa47-9a38-496a-9a34-e2fa58e9db2b
ExxonMobile climate battle reaches boardroom this week
https://www.ft.com/content/1ce31524-3c21-4978-b6b8-2e6a13f50288?
AstraZeneca chief says ‘vaccine has a future’ after setbacks
https://www.ft.com/content/02c543e0-45a6-4189-94cf-30a5c3d5499d
“We need arms:’ Europe’s risky move to project its influence in conflict zones
https://www.ft.com/content/dd29eb4d-1fc0-4123-ada1-290c4c63d966?
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Quantitative easing and rising stock prices
Israel and Hamas have agreed to a ceasefire that would end an 11-day conflict that has claimed the lives of at least 230 Palestinians and 12 Israelis. And WeWork’s losses almost quadrupled to $2.1bn in the first quarter of this year as the co-working company haemorrhaged more than a quarter of its members and shelled out hundreds of millions of dollars to restructure its property portfolio, and the FT’s Rob Armstrong talks about quantitative easing and stock prices.
Israel and Hamas agree a ceasefire after 11 days of fighting
https://www.ft.com/content/8aa0bee9-85e7-4cdf-82d5-e23475312f1c
WeWork loses $2.1bn and a quarter of its members as lockdowns bite
https://www.ft.com/content/60ea2f72-586f-4f3e-b153-3455b93539b8
Rob Armstrong Unhedged: QE and stock prices
https://www.ft.com/content/2db4a985-e053-4322-91b3-6c9793fd1c6c
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Fears of regulation lead to cryptocurrency chaos
US companies have urged South Korea’s president to free Samsung’s jailed chairman and argue the billionaire executive could boost American efforts to shake off the country’s dependence on computer chips produced overseas. Swedish oat milk producer Oatly raised $1.4bn in its initial public offering on Wednesday,
Plus, the FT’s Trading Room editor, Philip Stafford, explains how a warning from Chinese regulators led to a chaotic day for cryptocurrency traders.
US companies lobby South Korea to free jailed Samsung boss
https://www.ft.com/content/26d77bfe-b55a-4edb-bc57-7370b6c6a670?
Entrepreneur behind Oatly’s rapid expansion faces US market test
https://www.ft.com/content/e37d6985-5c48-46f4-8b02-a67c1a6dfd01
Bitcoin gyrates on fears of regulatory crackdown
https://www.ft.com/content/c4c29bb3-c8ee-454c-a2dd-eac9f644007f
Japanese pensioners with US stimulus cheques descend on Tokyo banks
https://www.ft.com/content/102e0104-ca6f-4d59-be1b-90860426d5a5?
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JPMorgan’s executive shuffle puts two women in line to replace Jamie Dimon
JPMorgan Chase has shuffled several top executives, and has elevated two women who could be successors to chief executive Jaime Dimon, and the eurozone economy looks like it is recovering from the coronavirus pandemic. Plus, the FT’s Greater China correspondent, Kathrin Hille, explains why the world’s largest contract electronics maker, Foxconn, plans to be more integral to the auto industry.
JPMorgan elevates potential successors to Jamie Dimon
https://www.ft.com/content/9e31d7a7-4911-493b-919d-31e04d756438
Eurozone shows signs of bouncing back from double-dip recession
https://www.ft.com/content/c5de006b-6bdf-493d-a9bc-2f6a1871ba66?
Foxconn the carmaker? Disruption in the era of electric vehicles
https://www.ft.com/content/b229250d-5d9e-4bb1-bb91-e57888233a98
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Biden tells Netanyahu he supports a ceasefire in the Israel-Gaza conflict
US President Joe Biden yesterday expressed support for a Israel-Gaza ceasefire in a call with Israel’s Prime Minister Netanyahu, and today EU foreign ministers will meet to discuss the conflict, and a biotech company developing medicines that mimic the painkilling effects of cannabis is set to list in London this week. Plus, the FT’s South China correspondent, Primrose Riordan, explains why activists are calling BlackRock “inconsistent” in its ESG commitments.
Biden backs ceasefire in Israel-Palestinian conflict
https://www.ft.com/content/d388d8b4-94ce-49d1-b8ab-df171286fdad
Europeans hamstrung by rifts on Gaza conflict
https://www.ft.com/content/6c42bcb1-7013-4b74-8526-35ef7fae6f5d?
Start-up focused on painkilling effects of cannabis to list in London
https://www.ft.com/content/2952b9c9-f14a-4300-b1ac-d6c6bf5f8c8f?
BlackRock accused of ESG inconsistency over Indonesia palm oil
https://www.ft.com/content/479b9dd2-c738-4310-8b1e-afdfbd3921b0
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The growing market for emotional recognition technology
AT&T is nearing a deal to combine its content unit WarnerMedia with rival Discovery to create a media giant to compete in streaming, the insurance group Axa said one of its Asian business units was the victim of a “targeted ransomware attack”, and the EU plans to throw its weight behind a push to expand vaccine manufacturing in Africa. Plus, the FT’s European technology correspondent, Madhumita Murgia, explains why companies see potential in emotional recognition technology.
AT&T nears deal to create $150bn streaming giant with Discovery
https://www.ft.com/content/5aeba5f9-2e00-4cba-b9c7-e0431aad798b
Axa’s Asian operations hit in ransomware attack
https://www.ft.com/content/4443da60-6d90-4d27-b300-b0896425f99f?
EU to back expansion of vaccine production capacity in Africa
https://www.ft.com/content/d2a47c7e-0b00-4e31-92ab-cd3ff0b9070b
Emotion recognition: can AI detect human feelings from a face?
https://www.ft.com/content/c0b03d1d-f72f-48a8-b342-b4a926109452?
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Why Elon Musk is focusing on bitcoin’s fossil fuel issues
Airbnb’s first-quarter revenues showed a strong recovery in travel in the US as pandemic restrictions eased, and Netflix tries to adjust as it moves from streaming industry disruptor to defensive incumbent. Plus, Elon Musk rocked the cryptocurrency market when he announced Tesla will no longer accept bitcoin as payment. The FT’s markets editor, Katie Martin, explains why the electric carmarker’s CEO made the reversal.
Airbnb says customers paying higher prices as travel demand rises
https://www.ft.com/content/f7512415-46b2-4378-8356-2d1e2a8a760e?
Netflix outpaced by the old media companies it sought to dethrone
https://www.ft.com/content/48c06611-1c17-4941-96cc-b085dfe05cdf
Elon Musk wakes up to bitcoin’s fossil fuel issues
https://www.ft.com/content/b917ec4f-8b57-45dc-82ba-960d82ad7974
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Consumer price data stokes inflation fears, US labour shortage
US stocks suffered their worst losses in months and government bonds also fell after government data showed the US inflation rate jumped to a 13-year high, and the Colonial pipeline has resumed operations following last week’s ransomware attack. Plus, the FT’s Taylor Nicole Rogers discusses a labour shortage in the US that is making it hard for employers to find enough workers as the economy opens up.
Wall Street ends lower as inflation debate intensifies
https://www.ft.com/content/fd3abbb8-955a-46b3-bc45-9a4fb7b95265
Colonial pipeline resumes operations following ransomware attack
https://www.ft.com/content/b6ac99ea-d7c6-49dd-b7d7-1284ce2e85c0?
US employers struggle to find willing workers after pandemic year
ft.com/content/52ecab21-c90d-4ee7-be7f-612da5355c77
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US companies announce record share buybacks, Covid hits India’s middle class
Companies are dusting off share buyback plans after a blockbuster earnings season, and shareholders are rebelling against executive pay proposals. Plus, the FT’s New Delhi reporter, Jyotsna Singh, explains how India’s second surge is devastating the country’s middle class.
Companies prepare share buyback bonanza as outlook clears
https://www.ft.com/content/d7adb226-e9a6-4cd8-9049-35d55c211ca4
US investors revolt against executive pay in record numbers
https://www.ft.com/content/50e73d21-3de5-4196-b124-7281ec7af828
Covid batters India’s aspiring middle classes
https://www.ft.com/content/28e9c827-1131-4412-bafa-5e88eb211fc4?
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Colonial pipeline hackers didn’t mean to create problems, UK services’ Brexit struggles
The hacker group blamed for the ransomware attack on the Colonial pipeline insisted it only wanted to make money and did not want to cause problems for society, tech stocks tumbled on Monday as investors braced for further signs of inflation, and Vice Media is joining the streaming gold rush. Plus, the FT’s management editor, Andrew Hill, explains why businesses in the UK’s services sector trying to operate in Europe are encountering post-Brexit challenges.
This episode features the song “Black Fur” by Elder Island. The song is licensed to Metropolis Recordings.
We regret ‘creating problems’, say hackers behind the cyber attack on a key fuel pipeline
https://www.ft.com/content/0afb53f0-f382-442a-9a32-02824ce8bb70
US tech stocks drop ahead of inflation data
https://www.ft.com/content/9707595b-d708-4be3-917d-9ae1de04c707?
Vice Media joins streaming gold rush in new bid for profitability
https://www.ft.com/content/942bf107-3824-4611-b0f7-b4816d4ee2a5
UK’s services sector starts to count the real cost of Brexit
https://www.ft.com/content/d0c10195-0e2e-4913-af74-3b7057163e3f?
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US issues emergency powers to keep fuel flowing, CEO diversity promises
The US government enacted emergency powers on Sunday in a bid to keep fuel supplies flowing after a cyberattack shut down a key pipeline, and European and US banks are split on whether to bring staff back to the office. Plus, the FT’s race and equalities correspondent, Taylor Nicole Rogers, looks at how much US corporations have lived up to diversity promises they made after the police murder of George Floyd.
US and Europe split on bringing bankers back to the office
https://www.ft.com/547a4dc2-e11b-4e8f-b526-cbf135ba7b4d?
Are CEOs living up to the pledges they made after George Floyd’s murder?
https://www.ft.com/content/67e79b20-bc41-4cb0-992f-a28e3eaa5695
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Merkel opposes US move to waive vaccine IP, the drive behind the commodity supercycle
Angela Merkel has expressed opposition to the Biden administration’s proposal to suspend intellectual property rights for Covid-19 vaccines, and Norway’s Telenor has written off its entire $782m investment in Myanmar but will remain in the country. Plus, the FT’s markets editor, Katie Martin, explains what is behind the commodities super cycle and what it could mean for inflation.
Angela Merkel rejects US move to waive patents on vaccines
https://www.ft.com/content/76a05a85-b83c-4e36-b04d-7f44f63e57b0
Telenor writes off $782m Myanmar business following coup
https://www.ft.com/content/ba1f8db9-e2d1-4e45-80be-1f6f6fe1344b
Broad commodities price boom amplifies ‘supercycle’ talk
https://www.ft.com/content/1332da37-bf45-409f-9500-2fdac344d1dd
Why we should all give up meat
https://www.ft.com/content/1293516c-c17a-4a29-b969-55b6e6849b16
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US to support temporary suspension of Covid-19 vaccine patents, India’s coronavirus crisis is affecting global shipping
Stocks of major vaccine makers were rattled on Wednesday after the US decided to support a plan to temporarily suspend the intellectual property rights for Covid-19 jabs, and India’s coronavirus crisis is hitting the international shipping industry. Plus, the FT’s leisure industries correspondent, Alice Hancock, talks about the European tourism industry’s hopes of emerging from the pandemic with a different kind of tourism.
US backs plan to suspend Covid vaccine patents during pandemic
https://www.ft.com/content/eca86f43-7127-4213-948d-3cc8d652805e
India’s Covid surge rocks global shipping industry
https://www.ft.com/content/cf40d764-6ab6-4638-bea6-594cc3cd5d53?
Archegos prepares for insolvency as banks seek compensation for $10bn losses
https://www.ft.com/content/8062ef53-790f-4470-99d5-265335a72334
Pandemic offers Europe’s tourism industry the chance of an upgrade
https://www.ft.com/content/5f3328f4-b12e-4e5b-8dd2-bacfb73d40a6?
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Yellen says US interest rates may have to rise, European central banks lag in gender equality
Treasury secretary Janet Yellen said on Tuesday that US interest rates may need to rise so that the economy does not overheat, and US states and companies are offering all kinds of incentives to entice people to get vaccinated against coronavirus. Plus, there are very few women in top roles in European central banking and economics. Two of them spoke to the FT about their experiences and “hidden barriers” to gender equality in their field.
Yellen says rates may have to rise to prevent ‘overheating’
https://www.ft.com/content/049f4a79-abff-4a6c-a7c1-13409e8f63ae
Women central bankers want action on ‘hidden barriers’ to equality
https://www.ft.com/content/0d1d2d4d-8bb8-42ce-b263-9863a1f377ed
Beers and cash among incentives used to entice the ‘vaccine hesitant”
https://www.ft.com/content/138f58a1-b472-452a-9daa-db0f5c885079
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US banks move to reduce deposits, the Spac bubble deflates
A wave of cash flooding bank balance sheets has prompted some US lenders to advise corporate clients to move money out of deposits, and Apollo has bought Verizon’s media assets including Yahoo for $5bn. Plus, the FT’s mergers & acquisitions reporter, Ortenca Aliaj, explains why the Spac boom has deflated.
Apollo buys Verizon media assets including Yahoo for $5bn
https://www.ft.com/content/ef0992ec-1d4f-4030-95a9-d950e47338e1
Cash-rich US banks move to reduce corporate deposits
https://www.ft.com/content/a5e165f7-a524-4b5b-9939-de689b6a1687
A reckoning for Spacs: will regulators deflate the boom?
https://www.ft.com/content/99de2333-e53a-4084-8780-2ba9766c70b7?
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Epic Games vs Apple, Serbs worry about pollution from Chinese investment
The trial between Epic Games and Apple is set to kick off today, and the controversial Dakota Access Pipeline is back in federal court. Plus, the FT’s southeast Europe correspondent, Valerie Hopkins, explains the love-hate relationships that Serbians have with Chinese investment in their country.
‘Fortnite’ maker goes to war over ‘Apple tax’
https://www.ft.com/content/293780f7-d2f8-4f3f-aa52-752c74e2d34d
Why some tribes want to keep a controversial US pipeline open
https://www.ft.com/content/7950dc72-2cf9-4960-9d28-7109ab7d4b85
Serbs fret over environmental costs of Chinese investment
https://www.ft.com/content/b6b7bce4-f970-4eb6-ab26-0fadc552d148
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Amazon caps big week of tech earnings, Bafin’s Binance probe
Amazon reported its second straight quarter of $100bn-plus sales, comfortably beating Wall Street’s targets, and the FT’s Elaine Moore looks at Apple’s results, which were boosted by iPhone sales. Also, the US government this summer will start sending monthly child allowances in an experimental effort to reduce child poverty. Plus, the FT’s markets editor explains how the big cryptocurrency exchange, Binance, landed itself in trouble with German regulators.
Amazon reaps rewards of pandemic shift online
https://www.ft.com/content/a2b05040-3164-46f3-8bd5-399e6214ea74
Apple: supercharged iPhone sales signpost $3tn valuation
https://www.ft.com/content/eee8bca7-e7fb-4506-a0e2-579fa707de81
US embarks on first national child allowance experiment
https://www.ft.com/content/cc2a0d8c-123e-4d36-b01a-55cd8a23a166
Regulators to examine crypto exchange Binance’s foray into equities
https://www.ft.com/content/cfbd084f-a118-4090-8301-2e45eceac304
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Fed says no change to monetary policy, Credit Suisse’s new chair aims for turnround
The Federal Reserve upgraded its view of the US economic recovery, but kept interest rates close to zero, Brussels has insisted it is putting in place tough new processes to ensure the EU’s unprecedented recovery fund is not frittered away and global health expert Abraar Karan talks about the current surge in coronavirus cases in India. Plus, the FT’s banking editor, Stephen Morris, explains how Credit Suisse got itself into so much trouble and whether it can dig itself out.
Fed paints rosier picture of US economic recovery
https://www.ft.com/content/296ae4e6-5e4e-44fc-8636-67e2ad38eee4
Brussels vows to apply tough rules to recovery spending
https://www.ft.com/content/1b345e2a-e442-42df-b9ae-4e0bfe68dcbe?
Credit Suisse: plotting a comeback after ‘costly mistakes’ took it to the brink
https://www.ft.com/content/2cac83f5-9631-45ae-8080-586a6bc90d55
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Google’s big Q1, how to craft a New Deal for the young
Google reported record first quarter earnings, and stock market listings around the world are running at their fastest pace this year. Plus, FT columnist Sarah O’Connor explains why millennials and Gen Z have been hit so hard by the pandemic, and what can be done to help them.
Google ad boom sends profits to new record
https://www.ft.com/content/c686458c-e544-4c50-990d-954b91d955ed
Global IPOs run at fastest pace since 1995
https://www.ft.com/content/857c1286-d35e-404a-ae7c-8d04b7508810
‘We are drowning in insecurity’: young people and life after the pandemic
https://www.ft.com/content/77d586cc-4f3f-4701-a104-d09136c93d44
All over the world, the economic cost of the pandemic has been borne disproportionately by the young. This week the FT is hosting a series of live panel debates in which FT writers make the case for specific policies that would make the economy work better for young people – covering housing, pensions, jobs, education and the environment. Join us and share your own policy ideas, comments and questions to be part of the conversation
Register free today at newdeal.live.ft.com.
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US donates AstraZeneca vaccine doses, the rise of OnlyFans
The US will share up to 60m doses of AstraZeneca’s Covid-19 vaccine with other countries, and Total has declared force majeure on its multibillion-dollar LNG development in Mozambique. Plus, the FT’s consumer industries reporter, Patricia Nilsson, talks about the celebrity and sex worker subscription site, OnlyFans, which has exploded in popularity over the past year.
This episode features the song “Savage” by Meghan Thee Stallion, featuring Beyoncé. The song is licensed to 300 Entertainment.
US plans to share 60m doses of AstraZeneca’s Covid vaccine
https://www.ft.com/content/db461dd7-b132-4f08-a94e-b23a6764bdb3
Total declares force majeure on $20bn LNG project in Mozambique
https://www.ft.com/content/841a63a7-e89a-45c8-b6b3-22b50e59b14c
OnlyFans feels the lockdown love as transactions hit £1.7bn
https://www.ft.com/content/6d4562f8-166f-4a89-a3cb-db97123a6cf0
Asahi shifts to no-alcohol beer after $20bn M&A splurge
https://www.ft.com/content/abe2c9cb-c573-41bd-8ac1-42cf653fb3e5?
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US offshore wind energy, the rise of Germany’s Green Party
Chinese companies have raised a record $11bn on the New York Stock Exchange and Nasdaq this year, vaccine makers have warned about the risks of giving up patent rights to their Covid-19 vaccines, the White House is expected to greenlight a wind power project off the Massachusetts coast. And Germany’s Green Party has a leader who symbolizes the image of a party that is riding a wave of popularity and could be swept into government this September.
China stock sales in US surge to record despite delisting threat
Vaccine makers say IP waiver could hand technology to China and Russia
US offshore wind projects test strength of Joe Biden’s green jobs promise
Germany’s ‘muesli eaters’ show new hunger for power
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The data invisibility of Asian Americans
Joe Biden plans to announce a set of tax increases on the wealthiest Americans, and there has been a rally in the price of lumber due to demand from the housing market. Plus, the FT’s data journalist, Christine Zhang, explains how statistics can fail Asian American communities.
Biden prepares to announce string of tax rises for richest Americans
https://www.ft.com/content/a43d966e-b7d9-4ee1-bb77-2a6561dfda12
Lumber party: economic bounce fuels US wood price rally
https://www.ft.com/content/202dada4-b188-4112-9689-6fec2924efb0
The data invisibility of Asian Americans
https://www.ft.com/content/119b6ffb-bc5e-4632-bc0a-199be9cfb7e7
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US to propose big emissions cut by 2030, Huarong tests Beijing’s backing
US President Joe Biden is set to announce his country’s steepest ever emissions cuts, Russia plans to pull out of the International Space Station by 2025, and Turkey’s opposition is asking where US$128bn in foreign exchange reserves has gone. Plus, the FT’s Shanghai correspondent, Tom Hale, explains why the corruption at Huarong Asset Management is creating headaches for Beijing.
US to propose emissions cut of up to 50% by end of decade
https://www.ft.com/content/32f5e2cd-4689-4434-9da0-d97d46673eaf?
Huarong debacle tests Beijing’s resolve to bail out state groups
https://www.ft.com/content/2aabfd64-6527-442f-b6fb-36c3804dcfc7
Russia to pull out of International Space Station in 2025
https://www.ft.com/content/a1518565-e643-42ae-a650-02e9c3bdd657
Turks chase missing billions in foreign exchange reserves
https://www.ft.com/content/dee218ba-c102-4a2f-8042-e8c8601991cd?
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Football clubs back out of Super League, Derek Chauvin found guilty in murder of George Floyd
A jury in Minneapolis found former police officer Derek Chauvin guilty on three charges in the killing of George Floyd, TikTok is accused of illegally collecting personal data on millions of children in the UK and Europe. Plus, the FT’s sports editor, Murad Ahmed, has the latest in the European football upheaval and the decision by leading English clubs to back out of plans for a new Super League.
Leaked Super League plans reveal goal of US-style football finances
https://www.ft.com/content/e80299a4-8012-447a-8512-c24e149304b1
Defund the police: how a protest slogan triggered a policy debate
https://www.ft.com/content/76a8080c-cca9-48cd-be81-891a75676adf
TikTok sued on behalf of millions of European children over data concerns
https://www.ft.com/content/02bb235f-f6f3-42be-a921-bc2c86b86271?
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Johnson & Johnson Covid vaccine could weigh on other programmes, Cuba’s future in a post-Castro era
The concerns that led to a halt in Johnson & Johnson’s Covid vaccine rollout could damage confidence in the company’s longer-term vaccines programme, and Apple will allow the social media app Parler to return to its app store. Plus, Miguel Diaz-Canel has been confirmed as the new head of Cuba’s Communist party. The FT’s Latin America editor, Michael Stott, discusses the island’s future in the post-Castro era.
Johnson & Johnson’s Covid setback risks damaging its vaccine programme
https://www.ft.com/content/0d085dde-cc02-4bad-8bbb-e2ad498e1ebf?
Apple says Parler can return to App Store
https://www.ft.com/content/98c83613-18e9-427d-b41c-76176dcedf94?
Exit of Cuba’s last Castro brings curtain down on revolutionary era
https://www.ft.com/content/ac9e2bb1-2830-400e-921d-470f1f6f45e8?
UK regulator gives green light to delivery drone trials
https://www.ft.com/content/66487d88-a6b3-4e46-9b8a-00e38e93d3af?
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A tournament to compete with the Champions League, is Clubhouse worth $4bn?
Consumers around the world have stockpiled an extra $5.4tn of savings since the coronavirus pandemic began, and many of Europe’s wealthiest football clubs have agreed to join a breakaway “Super League” competition. Plus, the FT’s Lex columnist Elaine Moore discusses whether the audio chat app, Clubhouse, has staying power.
Global savers’ $5.4tn stockpile offers hope for post-Covid spending
https://www.ft.com/content/8cbfe40d-1ce1-4dc6-bcb2-1314b77b9443?
Top European football clubs sign up to breakaway Super League
https://www.ft.com/content/4cbef20a-7599-4580-82aa-2af383bd0f5a
Reach for the stars: what Clubhouse can learn from TikTok
https://www.ft.com/content/84b3879b-f3bb-4138-a688-e3ed4179d45b
HSBC top brass forced to hot desk as HQ scraps executive floor
https://www.ft.com/content/4984410c-e6fe-41d6-9d66-67ee54188f38?
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Markets rally on strong economic data, investors react to Biden’s sanctions on Russia
Global equities reached new heights and Treasuries rallied sharply on Thursday on the back of upbeat economic data in the US, and Dubai has become the first city to sign a contract with an autonomous taxi manufacturer. Plus, US president Joe Biden imposed new sanctions on Moscow on Thursday. The FT’s markets editor, Katie Martin, explains how investors reacted.
Global stocks hit record highs on strong economic data
https://www.ft.com/content/c1ee361d-6ee6-4697-ba8a-865542bb4704
Biden imposes tough new sanctions on Moscow
https://www.ft.com/content/b2bf1be3-a10c-4963-9deb-8a6b319e9363
Dubai strikes deal with Cruise to roll out self-driving taxis
https://www.ft.com/content/33f3f86b-2558-4344-98b0-5c3cd529e93f
Flying cars finally prepare for take-off
https://www.ft.com/content/3ca1338d-3c31-4c70-ac09-12a0870212e3?
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US bank profits surge, Deutsche Bank recovers, Suez Canal officials seize ship
Three of the largest US banks beat profits expectations on Wednesday on the back of a strengthening US economy, and Egyptian authorities have seized the container ship that blocked the Suez Canal as they seek compensation of more than $900m from the Ever Given’s owners. Plus, the FT’s deputy editor, Patrick Jenkins, discusses Deutsche Bank’s turnaround after years as the “sick bank of Europe.”
Boom on Wall Street powers US bank profits
https://www.ft.com/content/5cc8f198-345f-4a21-997f-acc841c7b39b
Deutsche Bank dodges bullets and goes mainstream
https://www.ft.com/content/0c478d11-6ed2-4c68-870d-3d0e97f76745?
Ever Given seized as Egyptian authorities seek $900m compensation
https://www.ft.com/content/25b347bc-4c03-464a-b6c3-ed72bacc12e2?
Ponzi mastermind Bernard Madoff dies aged 82
https://www.ft.com/content/e88fdde2-440a-4a77-8a20-d2116309d84a
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Eurozone’s economy proves resilient, Toshiba buyout battle
Coinbase prepares to be the first leading cryptocurrency exchange to list on a US stock market, and the eurozone economy is showing signs of adapting to coronavirus lockdowns. Plus, the FT’s private capital correspondent, Kaye Wiggins, discusses the corporate drama surrounding the private equity bidding for Japan’s Toshiba.
Coinbase listing set to capitalise on crypto bull run
https://www.ft.com/content/06d98c02-f5da-45e8-a0f5-20e3bfd64879
Eurozone’s economy shows signs of adapting to lockdowns
https://www.ft.com/content/b756bab9-43a7-49c6-a3de-c98e891a0aea?
Resignation of Nobuaki Kurumatani comes as KKR also prepares to mount offer for Japanese conglomerate
https://www.ft.com/content/65a3b3b0-c68e-4312-a29b-d0b90d8cf011
LVMH benefits from demand for luxury goods in US and China
https://www.ft.com/content/9c892b85-9ae2-4ef9-8e42-9a09baf3492b
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UK to launch probe into Cameron and Greensill, US states turn to online betting for tax revenue
Boris Johnson has commissioned an independent inquiry into the lobbying scandal involving David Cameron and Greensill Capital, and the $5bn-valued cyber security technology company, Darktrace, has set out plans to float in London. Plus, the FT’s US sports business correspondent, Sara Germano, explains why US states have suddenly embraced online sports gambling.
UK government to announce independent probe into Cameron and Greensill
https://www.ft.com/content/ade87a61-b1e1-433a-a79f-25fc6b9a0aaf
Mike Lynch-backed Darktrace sets out plans to list in London
https://www.ft.com/content/01c49998-05d2-4ed4-b324-febfaef3a110
‘The market is going bananas’: Governors back online betting to plug black holes in state budgets
https://www.ft.com/content/bb04b14c-e215-4ae8-a655-2bf85fcb73c0?
Virgin Atlantic boss warns on long-term hit to business travel
https://www.ft.com/content/b8766e60-1a20-41ee-871d-6b97dbee71e8
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David Cameron breaks Greensill silence, investors brace for corporate tax hikes
Former British prime minister David Cameron has admitted he made mistakes over his government lobbying for Greensill Capital, leading Chinese smartphone maker Xiaomi is expanding its investment in chips, and Microsoft is on the verge of acquiring the voice technology pioneer, Nuance. Plus, the FT’s US equities correspondent, Aziza Kasumov, discusses US equities investors’ concerns about US president Joe Biden’s tax proposals.
Cameron admits mistakes as he breaks silence on Greensill
https://www.ft.com/content/da2a2686-1efa-4fd4-bee4-79cc9d9a89a2
Huawei rival Xiaomi steps up chip ambitions amid US pressure
https://www.ft.com/content/2fadf021-91c5-4553-aecd-33e4439e99ab?
Wall Street investors look warily at gathering tax ‘storm’
https://www.ft.com/content/02f874f8-f5e3-4deb-908c-c709633821bb
Microsoft nears deal to buy voice tech pioneer Nuance for $16bn
https://www.ft.com/content/a36dd469-e521-4ce7-9351-ddc8f6b5cb42?
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Amazon on course to defeat union effort, Goldman’s Deliveroo move
Amazon looked on course to defeat a historic effort by workers to unionise an Alabama warehouse, and companies and countries around the world are weighing the Biden administration’s global corporate tax plan. Plus, the FT’s markets editor, Katie Martin, explains Goldman Sachs’ purchase of £75m of Deliveroo shares after the UK food delivery group’s disappointing initial public offering last month.
Amazon vote count shows Alabama unionisation effort trailing
https://www.ft.com/content/df3eeb04-d03e-4048-ab81-248c7a9fce4e
Goldman Sachs bought £75m of Deliveroo shares to prop up IPO price
https://www.ft.com/content/bf75f260-33d8-42ea-85c3-6482aa1fb2ff
A grand bargain: how the radical US corporate tax plan would work
https://www.ft.com/content/b358ebca-4097-4cd6-bc7f-8e9d8f069250
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US corporate tax offer to the world, ShareChat valued at $2.1bn, Vaccitech IPO
The start-up that owns the biotechnology behind the Oxford/AstraZeneca vaccine has confidentially filed for an initial public offering in the US, Indian social media group ShareChat has raised more than $500m to grow its popular short-video app Moj, and Austrian activist Max Schrems has filed a privacy complaint against Google in France. Plus, the FT’s Washington bureau chief James Politi has details on the US’s offer to the rest of the world to tax multinational companies.
US offers new plan in global corporate tax talks
https://www.ft.com/content/847c5f77-f0af-4787-8c8e-070ac6a7c74f
Biotech start-up behind AstraZeneca vaccine files for US listing
https://www.ft.com/content/ff260c57-66f9-474b-9643-7640dc918009
ShareChat valued at $2bn in wake of TikTok ban
https://www.ft.com/content/3a5e44e2-b2c0-4f37-9c4a-f51c6ef46eb6?
Max Schrems accuses Google of illegally tracking Android users
https://www.ft.com/content/4617cc99-3ed2-49e1-b97f-db4f1b45b5db?
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EMA to probe Sputnik vaccine, Renesas Electronics, Brazil crises
The EU drug regulator will launch an investigation next week into whether clinical trials of Russia’s Sputnik V Covid-19 vaccine contravened ethical standards, and Japan’s national champion, Renesas Electronics, is being forced to diversify due to the pressures brought on by the chip industry. Plus, the FT’s Latin America editor, Michael Stott, explains how president Jair Bolsonaro lost his grip of Brazil.
EU regulator to probe ethical standards of Sputnik vaccine trials
https://www.ft.com/content/50031165-1f46-446b-be9a-36d553805fec?
Chip industry pressures spur Renesas to diversify
https://www.ft.com/content/c583fe71-4556-4ef9-9367-a175a2033767
Brazil’s coronavirus nightmare: ‘Bolsonaro is more isolated than ever’
https://www.ft.com/content/55713895-2423-4259-a222-f778f9587490
Nematodes the latest casualty of post-Brexit trade glitches
https://www.ft.com/content/888658ea-9b33-454e-bac5-c9d4a59eb201?
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Janet Yellen proposes global corporate minimum tax, the Taiwanese company at the heart of the global economy
US Treasury secretary Janet Yellen is calling on other countries to join the US in setting a corporate global minimum tax, and bond investors who took big risks at the outset of the pandemic are enjoying big returns. Plus, the FT’s greater China correspondent, Kathrin Hille, discusses how a little-known chip company that dominates the global semiconductor industry is navigating political tensions.
Yellen calls for global minimum corporate tax
https://www.ft.com/content/79023ff2-c629-429c-8a34-16bf68b4ea15
Investors scoop up huge returns from companies’ crisis-era bonds
https://www.ft.com/content/2de01274-bf03-4788-ab94-c26189b9baea?
TSMC: how a Taiwanese chipmaker became a linchpin of the global economy
https://www.ft.com/content/05206915-fd73-4a3a-92a5-6760ce965bd9
GameStop shares fall after it announces plan to sell $1bn in stock
https://www.ft.com/content/ddc11198-f162-484c-9131-a7a0b0346178?
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Computer chip shortage, corporate America caught between US and China
The boom in Bitcoin mining is having an unintended consequence: it has driven up the cost of computer chips. Plus, the FT’s US-China correspondent, Demetri Sevastopulo, explains how China’s repressive treatment of its Uyghur Muslims is affecting Western brands who do business in the country.
Bitcoin mining boom adds to chip price inflation
https://www.ft.com/content/d5c121c8-aefc-48d5-a3bf-6e581ccb5762
Western brands caught between US and China over human rights
https://www.ft.com/content/a0be4094-2aba-4275-a3ca-ec5e58cc5032?
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Biden’s $2tn infrastructure plan, Deliveroo’s IPO flop, Black Americans in finance
Wall Street touched a record high Wednesday as the White House released details of President Joe Biden’s multi trillion-dollar US stimulus plan, and the food delivery app, Deliveroo, closed down 26 per cent in its first day on the public market. Plus, the FT’s US labour and equalities correspondent, Taylor Nicole Rogers, explains why there are fewer black Americans in financial leadership positions than there were a decade ago.
Tech stocks power Wall St to record ahead of Biden stimulus speech
https://www.ft.com/content/d7a93cb5-f9f1-485a-8b39-1e7a12a97790
Disaster strikes as Deliveroo becomes ‘worst IPO in London’s history’
https://www.ft.com/content/bdf6ac6b-46b5-4f7a-90db-291d7fd2898d
Share of Black employees in senior US finance roles falls despite diversity efforts
https://www.ft.com/content/887d064a-bd5e-4ce6-9671-9057e12bd5c7
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IMF head issues warning, Russia’s Arctic trade route, Amlo’s progress
The head of the IMF has warned that the world should be ready for an emerging market debt crisis as the global economy emerges from the coronavirus pandemic, and Russia is using the Suez Canal incident to promote its own Arctic shipping route. Plus, the FT’s Mexico and Central America correspondent, Jude Webber, explains why Mexico’s citizens are willing to give president Andrés Manuel López Obrador a second chance.
Prepare for emerging markets debt crisis, warns IMF head
https://www.ft.com/content/487c30f4-7f21-4787-b519-dde52264d141?
Russia seizes on Suez blockage to promote merits of Arctic route
https://www.ft.com/content/47b4cca2-b673-4763-95b4-555bd03a948a
‘In love with bad ideas’: López Obrador takes Mexico back to the future
https://www.ft.com/content/b2537ad5-d72e-4b72-885b-01ceb543c253
Germany and Canada could host NFL games in 2022 season
https://www.ft.com/content/12b7a706-cf5e-4623-997c-be0d04d68f27?
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Biden’s Taiwan shift, US companies see inflation, Archegos hits big banks
The Biden administration is sticking with a Trump administration policy that will make it easier for US diplomats to meet with Taiwanese officials, and US companies say they are feeling the bite of inflation. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains why banks might be more careful with hedge fund leverage after the meltdown of Archegos Capital Management.
US to make it easier for diplomats to meet Taiwanese officials
https://www.ft.com/content/05d67774-fdf7-41ae-b17e-a8f2fe8e9f6f?
US companies sound inflation alarm
https://www.ft.com/content/f0bbed31-bea8-4542-b953-096762d2e59f
Archegos poses hard questions for Wall Street
https://www.ft.com/content/89b560ec-212c-4e82-b52e-c3e1408a9e6b
Volvo Cars revamps parental leave as it aims to increase female manager
https://www.ft.com/content/aea0105b-b432-4f5c-8425-9fe78bddb5f8?
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Mysterious trades, Suez Canal ripples, Amazon union vote
The private investment firm Archegos Capital was behind billions of dollars worth of share sales that captivated Wall Street on Friday, the head of the Suez Canal Authority has warned that there is no timeline for freeing the 220,000-tonne container ship that has blocked one of the main arteries of global trade, and Amazon workers in Bessemer wrap up a potentially historic unionization vote.
Traders brace after fire sale of stocks linked to Archegos
https://www.ft.com/content/2542af81-9e93-4d05-a0b9-26c0f6aab6f3
Suez Canal head warns stricken cargo ship may need unloading
https://www.ft.com/content/d452362c-b38d-4786-a2fb-14254df49dec
The ultimate David and Goliath story: the fight to open a union at Amazon
https://www.ft.com/content/a7ee3ec0-f59d-4188-899f-34ceecf7f026?
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EU leaders clash over vaccines, UK debt, Ant Group fees
European leaders clash over vaccine distribution at a marathon virtual summit, holders of UK government bonds are suffering the worst quarter in at least two decades as Britain’s economic prospects brighten, Jack Ma’s Ant Group demands bigger fees to rebuild valuation after pulled IPO, and comfort foods like doughnuts and mac and cheese proved popular during the pandemic.
EU leaders clash over vaccine distribution in tense summit
https://www.ft.com/content/486a65fe-0608-4230-b9d5-c990f10d5be8
Investors in UK government bonds suffer worst quarter for two decades
https://www.ft.com/content/0ea28218-7296-4b09-9cae-4b84a27a9e0c
Jack Ma’s Ant demands bigger fees to rebuild valuation after pulled IPO
https://www.ft.com/content/e6d0dffe-a691-484e-9c3e-434d1553a3d6
Pandemic comfort food offers too much solace
https://www.ft.com/content/74497d5f-4bf4-4031-b424-b70a4547d23c?
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EU-UK vaccine tensions, grounded ship blocks Suez canal
British and European officials on Wednesday issued a joint statement saying they’d discussed developing a “reciprocally beneficial relationship” to tackle Covid-19, after a top official in Brussels accused the UK of “vaccine nationalism”; a grounded container ship has blocked traffic in one of the world’s most critical shipping passages; and the rush to produce hydroelectric power in the Himalayas is adding to a crisis already exacerbated by climate change.
UK and EU move to calm tensions over access to vaccines
https://www.ft.com/content/da800a0d-cd27-48d1-a06f-d0c49599c5d2
Suez Canal blocked after huge container ship runs aground
https://www.ft.com/content/eec9f3a6-2817-45f5-b007-a290f3e530c6
Facebook says Chinese hackers tried to spy on Uyghur dissidents
https://www.ft.com/content/70b94c78-474a-475a-b242-924f6b11929f
Crisis in the Himalayas: climate change and unsustainable development
https://www.ft.com/content/387f5b4d-69cd-45f6-b0fc-69d659381109
Nationwide to allow all office-based employees to ‘work anywhere’
https://www.ft.com/content/b4692568-0f60-4a32-9f86-fad222f319ff?
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EU-China diplomatic row imperils market access deal
The escalation of a diplomatic row between the EU and China could imperil a market-access deal meant to be the cornerstone of future relations between Brussels and Beijing, Facebook’s CEO prepares for a grilling by US lawmakers over misinformation, and the Wall Street asset management group BlackRock has pushed for more diversity but now faces criticism for lack of an inclusive workplace.
Sanctions row threatens EU-China investment deal
https://www.ft.com/content/6b236a71-512e-4561-a73c-b1d69b7f486b?
Facebook: the billion dollar bot problem
https://www.ft.com/content/5242c34f-f7fc-4005-9b49-49674cedeb71
BlackRock under pressure to live up to its promises on diversity
https://www.ft.com/content/6476e681-4154-43a6-93e4-f5c86ae30dd9
The battle for the pub at the end of the world
https://www.ft.com/content/01fd588f-ad0a-4fe2-a370-78d1169fcd28
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Turkey investors shaken by central bank governor firing
Investor confidence in Turkey is shaken by the shock dismissal of the head of the central bank and the appointment of a new central banker with unorthodox ideas on how to tackle the country’s economic challenges, the increased production of the Covid-19 vaccine is creating shortages of other medicines, and Goldman Sachs bows to workplace complaints by junior bankers.
Turkey’s lira tumbles after Erdogan sacks central bank chief
https://www.ft.com/content/6be3efd1-a8e9-47a8-abac-966db2d3cf93
Push to make Covid vaccines causes US drug shortages
https://www.ft.com/content/b3ac261e-2675-4679-9356-53aa6d812ad7
David Solomon commits to Saturdays off for Goldman Sachs bankers
https://www.ft.com/content/58ca979f-3110-4613-8f85-81d8704cd4ad
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Global equities surge, Broadway woes, India tries to tackle job shortage with new hiring rules
Investors have injected almost $170bn into global stocks over the past month, Broadway’s theatre workers are still waiting for curtains to lift, and India’s job shortage prompts the northern state of Haryana to adopt new rules that require companies to hire residents from that state.
Investors inject almost $170bn into global stocks in 4 week
https://www.ft.com/content/88ab1525-02d3-4cf7-83ef-cfc00322d2b3?
Outlook darkens for Europe’s virus-stricken economy
https://www.ft.com/content/e818cea3-998f-4eef-ac0f-8f11894ac9af
A year without Broadway
https://www.ft.com/content/e79fa5e2-146a-4112-99d6-410f5d40778f
Hiring quotas the latest headache for companies investing in India
https://www.ft.com/content/e09ccb12-57bc-414d-9318-8ed48dfffe6f
Berlin theatres stage comeback with Covid-compliant initiative
https://www.ft.com/content/a728eafd-e595-46d8-a568-2fdee4fde01d
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EU countries to restart AstraZeneca use, Biden's hardline on China, airline lift-off
Europe’s biggest countries are set to resume using the Oxford/AstraZeneca coronavirus vaccine after the EU drugs regulator said the jab was safe, and the US is taking a tough stance as members from the Biden administration meet with Chinese officials in Alaska. Plus, the FT’s markets editor, Katie Martin, explains why investors are reboarding airline stocks.
EU drugs regulator backs ‘safe and effective’ AstraZeneca vaccine
https://www.ft.com/content/c83944d5-ad26-415f-bf34-1eba428beeb9
US signals tough stance ahead of first meeting with China
https://www.ft.com/content/b8af8a5b-591d-4721-8a6c-4da5481f3348?
Airlines tap stock and bond markets as they prepare for surge in bookings
https://www.ft.com/content/2a4d69a9-3f3d-4e0e-8e82-6794bca1888a
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Fed upgrades growth forecast, how Stripe became Silicon Valley’s most valuable company
Federal Reserve officials sharply upgraded their growth forecasts for the world’s largest economy, and Microsoft is investigating a recent cyber attack and whether security companies that it works with leaked details about vulnerabilities in its software. Plus, the FT’s global tech correspondent, Tim Bradshaw, explains how Stripe became Silicon Valley’s most valuable private company.
Fed sharply upgrades US growth forecast to 6.5% for 2021
https://www.ft.com/content/3d7704d3-a312-4294-95bc-90233f469ccd
Microsoft investigating security groups for leaks to hackers
https://www.ft.com/content/171e9ea6-96d7-4ffa-ad9f-6ed6a7ddb118?
How Stripe became Silicon Valley’s most prized asset
https://www.ft.com/content/9bfda026-df9d-42e4-8679-c26a072e0522
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EU to propose Covid-19 travel certificate, EU and US drift apart economically
Brussels is to propose the creation of a Covid-19 certificate to allow EU citizens to travel inside the bloc, and the UK’s Financial Conduct Authority is bringing money laundering charges against NatWest. Plus, the FT’s Frankfurt bureau chief, Martin Arnold, explains how the economies of the US and EU are drifting apart.
Brussels to propose Covid certificate to allow EU-wide travel
https://www.ft.com/content/ed6e9de4-f48e-4d74-97d1-ee80ab8f1a2f
FCA brings money laundering charges against NatWest
https://www.ft.com/content/df2aea12-265e-4a71-aead-bef65eb78ec7
Mind the economic gap: Europe and the US are drifting further apart
https://www.ft.com/content/0e9396cf-13b2-4034-ab09-c2366c264f91
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China’s tech giants test way around Apple’s new privacy rules, US airline CEO optimism
US airlines are optimistic about the industry after more people flew in the US this past weekend than any time since the start of the pandemic, and companies are turning to tree planting to appeal to eco-conscious consumers.
Plus, the FT’s Patrick McGee explains why some of China’s biggest technology companies are testing a tool to bypass Apple’s new privacy rules.
China’s tech giants test way around Apple’s new privacy rules
https://www.ft.com/content/520ccdae-202f-45f9-a516-5cbe08361c34
US airline chiefs express optimism after busy spring travel weekend
https://www.ft.com/content/08f16182-a8ef-495a-a249-90b68f096e36
Saplings fly off the shelves as consumer brands turn green
https://www.ft.com/content/522e9f1e-711d-40c0-b265-2998c9194fd3?
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Stripe valuation soars to $95bn, businesses in the pandemic, private data use in the pandemic
The payments provider, Stripe, is now worth $95bn after its latest round of fundraising, and more than 4.4m Americans have created businesses during the pandemic. Plus, the FT’s innovation editor, John Thornhill, gives highlights from the latest episode of his Tech Tonic podcast, which looks at two countries where citizens have been comfortable with how their government used some of their private data during the pandemic.
Stripe valuation soars to $95bn after latest fundraising
https://www.ft.com/content/b9949a88-6c09-4de5-92e7-73994bb2b62f
The Covid entrepreneurs: Americans start millions of new businesses
https://www.ft.com/content/400ae372-0cb2-48bb-8767-7986848ed9a6
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Australia vaccine funding, Sinopharm’s global push, ECB accelerates stimulus
Canberra is contemplating investing in a A$1bn biopharmaceutical plant to reduce its dependence on imports of critical medicines, China’s state-backed pharmaceutical group, Sinopharm, wants more governments to buy its Covid-19 vaccine, and Spain is set to become the first EU country to amend its laws to give some gig economy workers employee rights. Plus, the FT’s markets editor, Katie Martin, explains why the European Central Bank will accelerate its bond buying programme.
Australia considers funding vaccine maker to curb reliance on imports
https://www.ft.com/content/483e6275-6d27-433c-9cbc-6918f2c916c6?edit=true
Spain to grant gig delivery workers employee rights
https://www.ft.com/content/73be294b-a43d-4387-aced-7b5cb0d91007?
Sinopharm faces battle to turn Covid vaccine into a global success
https://www.ft.com/content/99c7a9de-fc11-45ab-890b-f6733ccb4186
ECB pledges to step up pace of stimulus to counter market sell-off
https://www.ft.com/content/bd7ccf1d-3b07-4f13-9a14-68692ef84e95
Rise of the retail army: the amateur traders transforming markets
https://www.ft.com/content/7a91e3ea-b9ec-4611-9a03-a8dd3b8bddb5
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Martin Wolf looks back at the pandemic one year later
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US congress to vote on $1.9tn stimulus bill, scaling up green hydrogen, Coupang’s IPO
The OECD said on Tuesday that president Joe Biden’s $1.9tn US stimulus programme will boost the global economic recovery, the pandemic is being blamed for lower birth rates across Europe, and the IPO of South Korean ecommerce group, Coupang, is being clouded by worker deaths. Plus, the FT’s energy correspondent, Nathalie Thomas, explains the current surge of interest in green hydrogen as an alternative to fossil fuels.
Biden stimulus will boost global recovery, says OECD
https://www.ft.com/content/7f7d4b7d-028a-41a6-b11e-8320173ae4bc
Covid pandemic blamed for falling birth rates across much of Europe
https://www.ft.com/content/bc825399-345c-47b8-82e7-6473a1c9a861?
Coupang’s New York listing clouded by worker deaths
https://www.ft.com/content/a90749a2-5f5d-4789-8215-fd4168a50813
The race to scale up green hydrogen
https://www.ft.com/content/7eac54ee-f1d1-4ebc-9573-b52f87d00240
Curaleaf bets on more liberal Europe with $300m deal for cannabis producer
https://www.ft.com/content/8dffd932-0ecb-444f-9cc0-079466c7b997?
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Tech stocks drag Wall Street lower, Greensill files for administration, Apollo merges with Athene
Stocks declined on Monday with shares of technology companies leading Wall Street lower, and the stricken supply chain financier, Greensill Capital, files for administration. Plus, the FT’s private capital correspondent, Mark Vandevelde, breaks down the $29bn merger between Apollo Global Capital and Athene Holding.
Wall Street dragged lower by tech stocks and pandemic beneficiaries
https://www.ft.com/content/e4420f17-c0ac-4cd4-807d-4549f5de9bfa?
Apollo to merge with Athene creating $29bn conglomerate
https://www.ft.com/content/e9ba5f23-9777-4730-a59b-d0c4d1fb510c
Greensill files for administration and warns of GFG ‘defaults’
https://www.ft.com/content/db5bc46a-57cc-4c7d-a6fe-47f5a59412d4
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ECB probes Greensill fallout, commercial property muddles through, TikTok in Myanmar
The European Central Bank has asked lenders for details of their exposure to Greensill Capital and its key client GFG Alliance, US president Joe Biden will hold a summit with Japan, India, and Australia to find ways to counter China’s influence, and TikTok is removing videos uploaded by Myanmar soldiers. Plus, the FT’s New York correspondent, Josh Chaffin, explains why lenders have been lenient towards commercial property owners during the pandemic.
ECB quizzes banks over exposure to Greensill and Gupta
https://www.ft.com/content/68ea9df2-aa69-4a0b-9462-d3ed6491cee6?
Joe Biden enlists ‘Quad’ allies to counter China
https://www.ft.com/content/a481167f-c362-4bd9-a9e9-7fd5944e5ea4
TikTok on alert after it becomes outlet for Myanmar soldiers
https://www.ft.com/content/73847311-2aec-4555-ada0-56833da6bdf4
Property and the pandemic: the great reckoning that never seems to arrive
https://www.ft.com/content/084f94e8-84a8-4966-a38b-fcb0b5e6171e
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Powell’s comments send markets lower, oil rises on Opec+ moves, UK’s listing shake-up
Federal Reserve chair Jay Powell triggered a sudden sell-off in long-term US Treasury debt and equities Thursday, and Opec and Russia have decided against unleashing a flood of crude on to the market. Plus, the FT’s markets editor, Katie Martin, explains how the UK is going about attracting new companies to the London stock exchange.
Powell inflation comments send US stocks and bonds lower
https://www.ft.com/content/1feb5449-76f0-4f67-85b2-ab03f05d5a65
Oil jumps as Opec and allies decide against big rise in output
https://www.ft.com/content/771ebf3a-cff0-4ff3-ab9a-0bbd01a33f55
UK looks at new rules to attract companies to London stock exchange
https://www.ft.com/content/a9e9de26-7f44-41e1-9dd6-3721a52c7d9c
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The fall of Greensill Capital
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Biden’s vaccine deal, more Ant troubles, Germany’s vaccine woes
President Joe Biden announced on Tuesday that the US would have enough doses of coronavirus vaccines for every adult by the end of May, global energy-related carbon emissions have rebounded from coronavirus lockdown levels, and Ant Group has shared just a fraction of its consumer data with China’s central bank, defying Beijing. Plus, the FT’s Berlin bureau chief, Guy Chazan, explains why Germany’s vaccine rollout has gone slower than expected.
Biden says US will have enough jabs to vaccinate all adults by end of May
https://www.ft.com/content/89442c1b-8295-4682-9f09-c040b9017882?
Global carbon emissions rebound to pre-lockdown levels
https://www.ft.com/content/600ad91f-79d4-451c-97c1-ab9a0daf4d3e
Jack Ma’s Ant defies pressure from Beijing to share more customer data
https://www.ft.com/content/1651bc67-4112-4ce5-bf7a-d4ad7039e7c7
Germany loses Covid crown as vaccine campaign falters
https://www.ft.com/content/33f8ffd6-066b-449c-bf7e-edd51d661b19
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Dems warn against loosening bank capital requirements, Rupert Murdoch at 90
Two senior Democratic lawmakers have warned the Federal Reserve that it would be a “grave error” to extend looser capital requirements for US banks. ExxonMobil appointed two new board directors on Monday to placate activist shareholders and the former French president Nicolas Sarkozy was sentenced to three years in prison on Monday. Plus, the FT’s global media editor Alex Barker looks back on Rupert Murdoch’s media empire and what succession looks like for the mogul.
Democratic senators call for tougher capital requirements for US banks
https://www.ft.com/conent/44792b80-c331-44e3-b02c-41a151f4cb6c?
Exxon adds two board directors in wake of activist pressure
https://www.ft.com/content/be866c6f-bbff-4500-927b-49e02b7b9023
Nicolas Sarkozy sentenced to jail for corruption
https://www.ft.com/content/1f2fe078-34f7-4665-afd7-a829082c7874
Rupert Murdoch at 90: Fox, succession and ‘one more big play’
https://www.ft.com/content/d9719c27-5e95-49c3-a534-2796196c6af7
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Sunak previews UK budget, von der Leyen warns of more pandemics, Lucid takes on Tesla
Chancellor Rishi Sunak is set to announce the UK’s budget on Monday and it includes a £5bn “restart” grant scheme, European Commission president Ursula von der Leyen warns that Europe could face an “era of pandemics,” and Japanese officials are preparing revisions to the country’s corporate governance code in an effort to change an inward looking corporate culture. Plus, the FT’s Patrick McGee explains how Lucid Motors will challenge Tesla in the electric vehicle market.
Sunak to give £5bn boost to Covid-hit companies in Budget
https://www.ft.com/content/9c6e7088-5577-4b17-adc1-502bffd33a76
Europe must prepare for ‘era of pandemics’, von der Leyen says
https://www.ft.com/content/fba558ff-94a5-4c6c-b848-c8fd91b13c16?
Japan prepares to shake up corporate code
https://www.ft.com/content/a8de1297-52b1-4ee7-aa24-b4e966790dba
Lucid takes on Tesla as electric vehicle competition hots up
https://www.ft.com/content/8e01e59e-5b89-46c2-a798-6945fa2f255d
Note: This episode has been updated to reflect that the Sputnik V vaccine was developed in Russia.
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Bond sell-off roils markets, ex-Petrobras chief hits back, Ghana’s first Covax vaccines
The yield on the benchmark 10-year Treasury exceeded 1.5 per cent for the first time in a year and the outgoing head of Petrobras warns Brazil’s President Jair Bolsonaro against state controlled fuel prices. Plus, the FT’s Africa editor, David Pilling, discusses the Covax vaccine rollout in low-income countries.
Wall Street stocks sell off as government bond rout accelerates
https://www.ft.com/content/ea46ee81-89a2-4f23-aeff-2a099c02432c
Ousted Petrobras chief hits back at Bolsonaro
https://www.ft.com/content/1cd6c9fb-3201-4815-9f4f-61a4f0881856?
Africa will pay more for Russian Covid vaccine than ‘western’ jabs
https://www.ft.com/content/ffe40c7d-c418-4a93-a202-5ee996434de7
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GameStop returns, Myanmar banks, Texas power politics
GameStop’s share price doubled in the final 90 minutes of trading on Wednesday, partners at the consultancy McKinsey have voted to remove Kevin Sneader from his post as global managing partner, and Myanmar’s banking system has ground almost to a halt as employees joined protests against the military coup. Plus, climatologist Michael Mann explains why wind power is not to blame for power failures in Texas during the recent cold snap.
GameStop shares double in final 90 minutes of trading day
https://www.ft.com/content/50eaa1b5-d244-4b3e-b460-736828c049cd
Myanmar protesters join general strike in defiance of threats of violence
https://www.ft.com/content/5f61da58-e618-42a8-b13c-300567248ff1
Blaming Texas electricity failure on wind
https://www.ft.com/content/adc21f2b-ccf7-4b8b-8604-53cae556a7dd
Sports gear maker Under Armour halves sponsorship commitments
https://www.ft.com/content/f97405a1-4187-4186-833c-c8c4f07bfcbf
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Powell signals hope for ‘more normal conditions’, US Russia sanctions, HSBC’s pivot east
Federal Reserve chairman Jay Powell spoke to Congress on Tuesday and indicated the central bank would maintain its ultra-loose monetary policy, the Biden administration is planning a broad package of measures to punish Moscow for the SolarWinds hack, and holiday bookings in the UK surged after Prime Minister Boris Johnson announced a plan for easing the coronavirus lockdown. Plus, the FT’s banking editor, Stephen Morris, explains why the global bank HSBC is pivoting back to its roots in Asia.
Powell signals ‘hope for return to more normal conditions’
https://www.ft.com/content/7f4a37e4-1930-4f9c-86e5-5e6fd9fbba5a
US considers sanctions against Russia over SolarWinds hack
https://www.ft.com/content/d7d67ea7-8423-4b9c-819d-761fa4a10fa0?
Holiday bookings surge after UK unveils plans for lockdown easing
https://www.ft.com/content/055ba761-3610-4d61-97a3-4a3719af066d
HSBC shifts ‘heart of business’ to Asia in latest strategy revamp
https://www.ft.com/content/eb321081-434e-43f4-b9e7-13354afdfc5f
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Tech stocks fall on inflation fears, Brazil’s oil intervention, Big Tech goes green
The Nasdaq Composite closed 2.5 per cent lower on Monday as rising inflation expectations undercut arguments for tech stocks’ high valuations, Brazilian markets were rattled after president Jair Bolsonaro removed the head of Petrobras, and American rapper Jay-Z signs a big champagne deal with LVMH. Plus, the FT’s clean energy and environment correspondent, Leslie Hook, explains how Big Tech companies became one of the world’s largest supporters of green energy.
Global stocks fall on nerves over inflation outlook
https://www.ft.com/content/cab2caee-60c9-40cb-a115-099287ab8bf4
Brazilian markets rattled by Bolsonaro’s removal of Petrobras chief
https://www.ft.com/content/68b0c6cf-7d78-4e0e-9025-bfaca7e098e2
LVMH signs champagne deal with rap star Jay-Z
https://www.ft.com/content/840826e8-a70e-4f1d-82a4-1b83895eced5
How tech went big on green energy
https://www.ft.com/content/0c69d4a4-2626-418d-813c-7337b8d5110d?
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Johnson’s plan to lift lockdown, McKinsey leadership vote, UK probes Big Tech
UK prime minister, Boris Johnson, is set to lay out a road map for lifting England’s lockdown, HSBC is accelerating its “pivot to Asia”, and McKinsey’s 650 senior partners have begun voting on whether Kevin Sneader should serve a second term at the helm of the business consultancy. Plus, the UK’s competition watchdog is planning new probes on Big Tech companies. The FT’s Brussels correspondent, Javier Espinoza talks to Andrea Coscelli, the head of the UK’s Competition and Markets Authority.
Schools in England to reopen on March 8 under easing of lockdown
https://www.ft.com/content/3a0434e5-8cac-4922-8f0f-062db0604115
HSBC intensifies pivot to Asia with job moves and US exit
https://www.ft.com/content/38c3670c-3b0f-41e6-874e-0f9eee553744
UK competition watchdog warns Big Tech of coming antitrust probes
https://www.ft.com/content/da5c30a8-6fab-4131-b6bd-f8f05dcf5a46?
McKinsey senior echelons vote in referendum on Sneader leadership
https://www.ft.com/content/f001f3ef-e296-4eb6-b711-5f7cb773e314
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Macron’s FT interview, GameStop hearing, oil rises and US Treasuries tumble
In an exclusive interview with the FT, French president Emmanuel Macron urges wealthy countries to help poorer ones access coronavirus vaccines, and US lawmakers grill key players in the GameStop trading saga. Plus the FT’s markets editor Katie Martin explains why a sell off in US government bonds could threaten Wall Street’s record run.
US bond sell-off stirs warnings over stock market strength
https://www.ft.com/content/00c99cd2-7f9a-4a37-bb20-ce8d96f2527f
Robinhood chief apologises over GameStop affair
https://www.ft.com/content/69c0b5b0-9d49-4d0e-8f32-fe9428bff5b1
Oil ‘supercycle’ predictions divide veteran trades
https://www.ft.com/content/f87ce114-f437-4c3f-bb73-fa38ca78146b
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Facebook bans content sharing in Australia, Texas battles cold, China’s digital currency
Facebook has defied Australia’s push to make Big Tech pay for news by banning the sharing of content on its platform in the country, the oil and gas industry in Texas has buckled under the strain of a blast of Arctic weather, and three North Korean computer programmers have been charged over a cyber-hack spree. Plus, the FT’s global China editor, James Kynge, explains how Beijing’s digital currency is doubling as a surveillance tool for the state.
News Corp agrees deal with Google on payments for its journalism
https://www.ft.com/content/cec5d055-c2d1-4d5f-a392-a6343beb0b01
Oil and gas industry in Texas buckles under strain of Arctic blast
https://www.ft.com/content/9b7cdaf2-f43b-49c3-b8b8-b4840f95ebbd
Virtual control: the agenda behind China’s new digital currency
https://www.ft.com/content/7511809e-827e-4526-81ad-ae83f405f623
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China’s rare earth mineral exports, Hong Kong stock trading, Amsterdam Spacs
China is exploring limits on exports of rare earth minerals that are crucial for the manufacture of American F-35 fighter jets, and stock trading volumes in Hong Kong have soared to four times those on London’s main exchange. The FT’s markets reporter, Nikou Asgari, explains why Amsterdam is becoming the European capital for Spacs. Plus, Chicago’s storied Second City comedy club may have a buyer.
China targets rare earth export curbs to hobble US defence industry
https://www.ft.com/content/d3ed83f4-19bc-4d16-b510-415749c032c1
European bankers set sights on Amsterdam as regional Spac capital
https://www.ft.com/content/240293a8-20ed-4cf3-a5ec-63dc1c2d9076?
Hong Kong stock trading volumes jump to 4 times those of LSE
https://www.ft.com/content/c324674c-c91e-427e-82c5-87a7e9a53bab
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Biden’s stimulus push, Texas blackouts, warehouse automation
President Joe Biden heads to Wisconsin to sell his stimulus plan, and the cold snap in Texas tests the state’s freewheeling electricity model. The pandemic’s online shopping surge has led to more warehouse automation, but that is making some human jobs tougher. Plus, Russian discount retailer Fix Price is planning a London stock market listing that could value the company at more than $6bn.
Biden steps up stimulus pitch in bid to seal deal with Congress
https://www.ft.com/content/1c172f12-87c0-4fda-82f2-40954d36b3f8
Texas starts blackouts as frigid weather sends power prices surging
https://www.ft.com/content/4d07eedc-b3ec-417e-8cb1-5895178c9f9b
Why I was wrong to be optimistic about robots
https://www.ft.com/content/087fce16-3924-4348-8390-235b435c53b2
Russian discount retailer aims to raise $1bn in London IPO
https://www.ft.com/content/f8f68d4a-42b3-4c75-80ec-545b7d47831f
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EU to allow UK data flow, commodities boom, China's box office
Brussels is set to allow data to continue to flow freely from the EU to the UK. In Argentina, the country’s powerful vice president wants to postpone a crucial $44bn debt deal with the IMF until the pandemic has eased. Commodities such as oil and copper may be entering a new ‘supercycle’ of higher prices. Plus, in China, at least, people are still going out to the movies.
Brussels to allow data to continue to flow to UK
https://www.ft.com/content/43ed5e0a-7b0a-40db-800f-6f3b9c58b9a8
Argentina’s powerful vice-president pushes for delay to IMF debt deal
https://www.ft.com/content/78b08f12-7b78-4ecd-8e64-a717f8a43e09
Investors set for commodities ‘bull run’ as prices rise in tandem
https://www.ft.com/content/27086ad8-bc84-4e2e-9195-91880fa6916f
China’s box office roars while Hollywood remains on mute
https://www.ft.com/content/573340cb-30b9-421e-8fec-51c8348a6bbb
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Europe’s IPO boom, Bitcoin hits new record, China’s corn spree
Europe’s IPO market is off to its strongest start in five years thanks to a flurry of tech and ecommerce listings, Disney continues to attract subscribers to its streaming service, and China’s massive corn purchases have sent the price of the crop soaring. And the FT’s markets editor, Katie Martin, shares her thoughts on Elon Musk’s excitement over cryptocurrencies and whether it will spur wider adoption of digital currencies.
European IPOs mark best start to year since 2015 with €8bn haul
https://www.ft.com/content/171ea5f4-b3f4-4e76-bb13-2480879d1bd0?
Elon Musk’s effect on crypto world shows how irrational markets are
https://www.ft.com/content/92ab487d-1990-42b9-b7d3-ba9d54d9bd22
Disney Plus added 8m subscribers over Christmas
https://www.ft.com/content/49581411-5650-4448-8325-ce12f85ee86b
China’s record purchase of corn a ‘watershed moment’ for grain market
https://www.ft.com/content/94b04a3e-6169-4b07-8218-413138c641a1?
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Amsterdam becomes Europe’s trading hub, AstraZeneca vaccine to help poor countries, Italy’s recovery fund
Amsterdam surpassed London as Europe’s largest share trading centre last month, Federal Reserve chairman Jay Powell has pledged to keep monetary policy loose to support the struggling US labour market, and the World Health Organization recommended the use of the Oxford/AstraZeneca vaccine for all adults. Plus, Italy will receive €200bn from the EU’s coronavirus recovery fund to help revive its economy. The FT’s Brussels bureau chief, Sam Fleming, explains what is at stake for Italy and the EU.
Amsterdam ousts London as Europe’s top share trading hub
https://www.ft.com/content/3dad4ef3-59e8-437e-8f63-f629a5b7d0aa
Powell stresses patience in pledge to keep monetary policy loose
https://www.ft.com/content/7ed63e7f-5389-42e8-beed-15b5d450c589
WHO recommends use of Oxford/AstraZeneca vaccine for all adults
https://www.ft.com/content/be33aa38-5eff-4069-b104-ba7bdb735c72
‘We expect Italy to do its homework’: Draghi and the EU recovery fund
https://www.ft.com/content/7c2007d9-6ce9-4895-ac5c-cd17e3bf69b2
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Twitter warns of slowing growth, investors tell Amazon to stop meddling in union vote, US-China investment flows
Twitter’s user growth fell short of expectations for the second quarter in a row, more than 70 investors call on Amazon to stop interfering with a unionisation effort, and Huawei asks a US court to overturn the Federal Communication Commission ruling that labels the telecoms company a security threat. Plus, the FT’s global China editor, James Kynge, explains how US-China investment continues despite political tension.
Twitter warns of slowing user growth as pandemic surge fades
https://www.ft.com/content/ff84e6c2-a937-4b88-bd8c-df8bcaa1ee7e
Huawei challenges its designation as a threat to US security
https://www.ft.com/content/b7c2294d-9207-4fae-8fed-d63a80c99618
Amazon must not interfere with US union effort, say investors
https://www.ft.com/content/c7f24fbb-bb4e-489e-8a30-37708700e816
US-China investment flows belie geopolitical tensions
https://www.ft.com/content/b3dcc262-a153-4624-bc1d-156179d6e914
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EU wants Big Tech to pay for news, Tesla’s bitcoin investment, SoftBank Vision Fund makes big gains
EU lawmakers want to force Big Tech companies to pay for news, echoing a similar move in Australia, Tesla’s $1.5bn investment in bitcoin sends the cryptocurrency to record highs, and oil hits $60 a barrel for the first time in a year. Plus, the FT’s Tokyo correspondent, Kana Inagaki, explains what drove SoftBank’s Vision Fund to have its best quarter in four years.
EU ready to follow Australia’s lead on making Big Tech pay for news
https://www.ft.com/content/4c40c890-afd3-40a3-9582-78a66c37a8af
Tesla sends bitcoin to record high with $1.5bn investment
https://www.ft.com/content/5e83f15e-ea2c-4d2f-8ae8-bf72fc5effd0
Oil hits $60 for first time in a year as supply cuts outweigh lockdowns
https://www.ft.com/content/3032d80d-89b0-4020-922e-f4fa15435b5d
SoftBank’s Vision Fund posts best quarter since launch in 2017
https://www.ft.com/content/c2f107a7-734d-450a-bf46-eb68a65ceaf4
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TikTok ecommerce push, Cuba invites private business, a new green world order
TikTok plans to expand into ecommerce in the US to compete with Facebook, Cuba has announced it will open most of the economy to private business, and Mercedes-Benz says by 2030 it will make as much from its electric cars as it does from its luxury combustion engine models. Plus, the FT’s environment and clean energy correspondent, Leslie Hook, looks at the global shift to renewable energy and how it could change the geopolitical landscape.
TikTok takes on Facebook with US ecommerce push
https://www.ft.com/content/629c1c17-3daa-46af-8177-1814baaa2bed?
Cuba lifts ban on most private business
https://www.ft.com/content/3956b50f-621a-4289-90c3-247a2762fae2
Mercedes’ electric profits to match those for combustion models by end of decade
https://www.ft.com/content/6021706c-4f00-4547-9082-20e1d1d2d540?
How the race for renewable energy is reshaping global politics
https://www.ft.com/content/a37d0ddf-8fb1-4b47-9fba-7ebde29fc510
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Carmakers’ chip woes, UK directors face liability rules, Japan’s job-creating robots
German carmakers are considering their own semiconductor stockpiles to avoid supply chain troubles, the UK government could soon hold directors personally liable for the accuracy of their companies’ financial statements, and CVC Capital Partners eyes a minority stake in one of the NBA’s most valuable teams. Plus, the FT’s Asia business editor, Leo Lewis, explains how robots in Japan are boosting employment.
Carmakers consider supply chain overhaul to avert more chip crises
www.ft.com/content/3ecd3ccd-18d1-45a0-afb6-84719bdadf52
UK directors face tough new liability rules under major audit reform
https://www.ft.com/content/d4dd13a9-903e-4ff7-9fc3-d30ffdf764be
Japan’s love of robots is paying off
https://www.ft.com/content/72268b41-9731-4ee9-a32d-a9b463e362c1
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Nvidia-Arm antitrust probes, Australia takes on Google, discount retailers thrive
The EU and the UK are set to open probes into Nvidia’s $40bn acquisition of chip designer Arm, Microsoft looks to capitalise on Google’s threat to shut its search engine in Australia, and Mario Draghi accepts the mandate to form Italy’s next government. Plus, the FT’s retail correspondent, Jonathan Eley, explains how bargain retail is surging during the pandemic.
UK and EU to open in-depth probes into Nvidia’s $40bn acquisition of Arm
www.ft.com/content/a3adccc9-678e-44ef-bdb5-e847ecb7de8c
Australia media law push undeterred by Google search exit threat
www.ft.com/content/5d656fa3-9278-4528-9edf-514ddfd29c1d?
Mario Draghi accepts mandate to form new Italian government
https://www.ft.com/content/9022639f-9b88-40fe-9875-1d4a282ac5e4
Bagging bargains: the unexpected rise of the discount megastore
https://www.ft.com/content/554984ba-c010-4956-9125-6a7fc6806295
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Bezos to step aside, Draghi set for Rome, Myanmar’s Aung San Suu Kyi house arrest
Amazon chief executive Jeff Bezos will step aside later this year to become executive chairman of the ecommerce group, Italy’s president is expected to ask former European Central Bank president, Mario Draghi, to begin talks to form a new Italian government of national unity, and the price of silver retreated on Tuesday after a surge last week. Plus, the FT’s John Reed, explains what the military coup in Myanmar means for the country.
Amazon’s Jeff Bezos to step aside as chief executive this year
https://www.ft.com/content/b100100e-48d9-4b06-86e0-ed81dd9eee92
Mario Draghi set to form new Italian government
https://www.ft.com/content/36a84f52-7287-4062-a150-24f58d9b053a
Silver price retreats rapidly in blow to new retail buyers
https://www.ft.com/content/77e6fef6-37ff-4f8e-abd6-4c2d65ac120c
Myanmar coup blindsides the West
https://www.ft.com/content/cee63a22-4796-48bb-bcc3-0e3c95114ee0
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US threatens Myanmar sanctions, Robinhood raises $2.4bn, Kuaishou’s IPO
Joe Biden has threatened to impose sanctions on Myanmar after the military seized power in a coup, and Robinhood raises another $2.4bn to shore up finances strained by turbulent trading. Plus, the FT’ Beijing bureau chief, Ryan McMorrow, explains the popularity of TikTok’s big rival in China, Kuaishou, which goes public this week.
US threatens sanctions on Myanmar after military coup
ft.com/content/1934605c-ecf1-4e7b-aac7-45ad8031b879?
Robinhood raises $2.4bn in second cash injection in four days
https://www.ft.com/content/790324e0-8526-4d9e-9717-a4430e1be034
Robinhood’s bid to ‘democratise trading’ checked by Wall Street realties
www.ft.com/content/9e69faf0-09c4-42ca-8c5f-78dc9568c18f
Kuaishou IPO boosts biggest rival to China’s TikTok’s
https://www.ft.com/content/2b7a8bec-7f01-45b8-ac9f-1fe3f1cbd1f4
Wheels Up set to go public via Spac merger
https://www.ft.com/content/ec08b822-e022-41d1-8252-0a04b2772031
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Reddit traders eye silver, Republicans float smaller relief bill, Mance talks to Bellingcat founder
Reddit traders have targeted silver markets after piling into GameStop shares last week, and Republicans in the US Senate float a stimulus deal a third the size of president Joe Biden’s plan. Plus, the FT’s chief features writer, Henry Mance, spoke with the founder of the internet investigative group Bellingcat and shines a light on the trailblazing group.
Reddit traders switch sights to silver after equities attack
ft.com/content/d46e8623-09af-4a1f-b7e5-207616388b0f?
GameStop mania: why Reddit traders are unlikely to face prosecution
https://www.ft.com/content/8caa3c75-944a-468e-8a68-9deeec8b67d8
Republican senators float compromise $600bn stimulus deal
https://www.ft.com/content/20859a91-cadc-42c2-b97b-a994efd65ec1
Bellingcat’s Eliot Higgins: ‘We’re on the precipice of the misinformation age’
https://www.ft.com/content/0f31590f-74cf-4cfa-b0d6-92e8f27d6d34
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EU vaccine shortage, Reddit traders challenge establishment, North Korea defector
The EU’s Covid-19 vaccination plan is nearing a crisis point after several regions suspended inoculations over the shortage of jabs, and amateur day traders are challenging the financial establishment. Plus, the FT’s Seoul correspondent, Ed White, tells us how a North Korean defector is exposing the effect that sanctions are having on Kim Jong Un's regime"
Shortfall in jabs pushes EU vaccine drive to crisis point
https://www.ft.com/content/1b2afe60-b5e6-456d-98e0-313fe664d0b9
Occupy Wall Street spirit returns as traders upset the elites
https://www.ft.com/content/bcfb2252-f752-4177-a860-07dc66b0b9e8
North Korea defection exposes pressure on NK Diplomates
https://www.ft.com/content/7330790c-9630-44a5-9fa7-b446aa94e872
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Day traders wreak havoc on hedge fund bets, Wall Street dips, BlackRock’s progress on sustainability
The Biden administration says it is “monitoring the situation” as shares in companies including GameStop, AMC and BlackBerry surged in trading on Wednesday. Meanwhile, Wall Street’s big indexes dropped after Federal Reserve chairman Jay Powell described a weakening in the recovery of the US economy, and China’s Covid-19 vaccine makers are having no problem meeting demand. Plus, the FT’s investment correspondent, Attracta Mooney, has been following BlackRock’s sustainability efforts and reports on how well the world’s largest asset manager is keeping its promises.
‘Short squeeze’ spreads as day traders hunt next GameStop
https://www.ft.com/content/acc1dbfe-80a4-4b63-90dd-05f27f21ceb2
Wall Street notches its worst day since October
https://www.ft.com/content/570f7453-fb9b-4c73-845e-a33178f4942e
Lex Letter from Seoul: China’s vaccines and efficacy rates
https://www.ft.com/content/768f7e3a-0a10-47a5-9f0d-ea1927ebb4ec
BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter
https://www.ft.com/content/d7e83ba0-c90b-46c0-9233-ad06187606c1
Walmart turns to robot-staffed warehouses to handle online orders
https://www.ft.com/content/1b1b11c8-200c-4f7c-a431-6460f90bb95d?
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EU vaccine export tensions, a serious look at stock prices, India’s farmers
Facing a shortfall in vaccine supplies and slow pace of vaccinations, the EU is debating how to restrict exports of coronavirus vaccines, India’s farmers are angry about agricultural reforms that could erode the state-run model and boost private agribusiness, and the plant-based food company Beyond Meat partners with Pepsico. Plus, a serious look at silly prices in the stock market with the FT’s markets editor, Katie Martin.
Germany presses Brussels for powers to block vaccine exports
https://www.ft.com/content/ed0059c9-1ea5-4ba9-a1ff-88004b59e71d
Investor anxiety mounts over prospect of stock market ‘bubble’
https://www.ft.com/content/a790c796-f0c4-4cf9-8c7a-3b52daff89e4
IMF expects US, China to recover most strongly from the virus economic hit
https://www.ft.com/content/341577c5-92f2-4bd3-a235-331d0db5dbbd
Farmers flood into New Delhi to vent anger over agriculture reforms
https://www.ft.com/content/0312fd46-b47e-4c55-b007-c56f5e6f24be
Narendra Modi’s ‘noble’ wait for a Covid jab makes him camera shy
https://www.ft.com/content/c86afc76-f49b-432d-b2c0-5aa3655903bd
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Spac mania, Apollo’s Leon Black steps down, what’s fuelling the Russia protests
Companies have launched a $400bn fundraising blitz in the first three weeks of 2021 as government and central bank stimulus cascades across capital markets. Leon Black is to retire as chief executive of Apollo Global Management; the announcement came as Apollo revealed the conclusion of a review into Mr Black’s relationship with the late paedophile Jeffrey Epstein. Plus, Henry Foy on what’s fuelling Russia’s Navalny protests and Tom Mitchell on Zoom’s warning for other companies in China.
Companies raise $400bn over three weeks in blistering start to 2021
https://www.ft.com/content/45770ddb-29e0-41c2-a97a-60ce13810ff2
Leon Black steps down as chief executive of Apollo
https://www.ft.com/content/97fdc05b-d3cd-45b7-b155-5f4ab525c59a
Zoom spy claims a warning for multinationals in China
https://www.ft.com/content/75ca2308-a192-4118-8283-fa8147ec39ce
San Francisco 49ers lift stake in Leeds United
https://www.ft.com/content/da10082e-5723-4783-8820-76f58d98d1af
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US takes a hard line on Russia, Congress weighs stimulus, the way forward for Waymo
The US has signalled a more confrontational stance toward Russia after Moscow cracked down on protesters over the weekend. In Congress, Democrats have said they want a deal on President Biden’s $1.9tn stimulus plan before taking up Donald Trump’s impeachment trial in the Senate. The WHO warns richer countries that they face a hit to their own recoveries if they fail to help the developing world roll out vaccines, and the technology for self-driving cars continues to be a grind.
US demands release of Navalny after Russia cracks down on protesters
https://www.ft.com/content/3bacc3d7-b1ea-41ef-a949-0f60db7b8243
What effect will Biden Stimulus have on Fed policy
https://www.ft.com/content/e54712dd-bb35-43e4-8533-f1ae28fec054
Vaccine delays in poorer nations threaten advanced economies
https://www.ft.com/content/53c668bc-1066-4d8c-8c8d-5d29ba34a06e
Rolling out driverless cars is “extraordinary grind,” says Waymo boss
https://www.ft.com/content/6b1b11ea-b50b-4dd5-802d-475c9731e89a
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Next steps for US returning to the Paris climate accord, ECB bond-buying shift, global art market outlook
President Joe Biden has moved to have the US rejoin the Paris climate accord, but becoming a leader in lowering carbon emissions will not be so easy. Then, a look at how the European Central Bank is bracing for the latest phase of the pandemic-induced economic crisis. Plus, the FT’s art market columnist, Melanie Gerlis, explains how auction houses and galleries are surviving and adapting to the pandemic.
The US will rejoin the Paris climate accord — what happens now?
ft.com/content/81dd2826-55b6-44c2-b981-88717ec70314?
ECB details bond-buying shift as it holds rates and stimulus steady
https://www.ft.com/content/14821fa0-0e3e-4a95-8414-53a257ee9142
Art market: Predictions for 2021
https://www.ft.com/content/86c27d1c-ff65-40a2-b6b2-d4add0209ffa
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Business sends Biden a message, Vestager warns against patchwork tech regulation across Europe
Company leaders have warned they will fight Biden Administration moves to raise corporate taxes and tighten regulation, and earnings reports show that big US banks had a strong end to 2020 thanks to trading. Plus, the FT’s Javier Espinoza continues his conversation with the European Commission’s competition and digital policy chief, Margrethe Vestager, about the future of big tech regulation.
Business to Biden: prepare for a fight over tax and minimum wage
https://www.ft.com/content/7027014e-9478-4320-97ee-a1c8144b4638
Vestager warns Big Tech to cooperate or face patchwork of laws across EU
https://www.ft.com/content/2bd619a2-dee0-492a-b397-73a0ba00e369
Morgan Stanley posts record profit as trading booms
https://www.ft.com/content/0f44d1b7-d79f-4c2a-b45e-d4c2d0ce4637
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Biden inauguration, Yellen urges Congress to ‘act big’ on stimulus, top EU official on tech regulation goals
Joe Biden faces a long list of challenges after he is sworn in as the 46th US president today, Mr Biden’s nominee to serve as Treasury secretary, Janet Yellen, told Congress to “go big” on stimulus during her Senate confirmation hearing on Tuesday, and a US court has struck down the pro-coal power sector rules set by the outgoing president, Donald Trump. Plus, the FT’s Javier Espinoza speaks with Margrethe Vestager, the EU’s executive vice-president in charge of digital policy, about the future of tech regulation.
Joe Biden’s challenge: big, early victories in a toxic political climate
https://www.ft.com/content/fa01bc64-a80c-4c32-abad-f8eb778c4fe6
US court strikes down Trump’s pro-coal power sector rules
https://www.ft.com/content/fed06dac-7c84-47be-a137-0480518a9e98
Vestager warns Big Tech to cooperate or face patchwork of laws across EU
https://www.ft.com/content/2bd619a2-dee0-492a-b397-73a0ba00e369
Netflix signals stock buybacks to come as subscribers hit 200m
https://www.ft.com/content/ae6f0ad5-a685-4eab-86f5-a65e8c7021ef
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China-Europe shipping costs, Navalny jailed, Brookfield chief says real estate is undervalued
The cost of shipping goods from China to Europe has more than tripled in the past eight weeks as the pandemic disrupts global trade, Russian opposition activist Alexei Navalny has been sent to prison just a day after returning to his home country despite international demands to release him, and Italian prime minister Guissepe Conte faces a crunch confidence vote by lawmakers today. Plus, the FT’s US investment editor, Michael MacKenzie, explains why the chief executive of Brookfield Asset management thinks the markets have undervalued real estate.
Tripling of China-Europe shipping costs threatens to hit goods supply
ft.com/content/ad5e1a80-cecf-4b18-9035-ee50be9adfc6?
Russia jails opposition activist Alexei Navalny for 30 days
https://www.ft.com/content/9c42f190-5ec2-4ad7-8bc6-f9e449200a9f
Italian coalition parties back PM Conte after resignations
https://www.ft.com/content/4cf07e94-d7ad-408c-bf08-1093318c8b48
Markets are underestimating the lure of the office, says Brookfield chief
https://www.ft.com/content/0316678b-664a-42f8-900a-5c5b5076e29e?
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Pompeo’s policy blitz, Merkel’s heir apparent, tech boom reshapes cities
Thousands of National Guard troops are being deployed to Washington to safeguard the capital for the inauguration of Joe Biden. The president-elect is already planning which executive orders he will sign, but there is still time for President Trump’s secretary of state to leave his mark on foreign policy. Germany’s ruling party, the Christian Democratic Union, has a new leader to replace Angela Merkel. Plus, the FT’s Tim Bradshaw reports that the pandemic tech boom is leaving cities with better logistics networks.
Washington fortified for Biden’s inauguration amid fears of more violence
https://www.ft.com/content/94db9b9b-243b-4ce8-9e10-452fadc523ec
Pompeo tries to pin Biden down with parting foreign policy blitz
https://www.ft.com/content/2b4e9369-8da5-4d12-b720-59b68a2136e6
Angela Merkel’s heir apparent: Armin Laschet’s rise to the summit of German politics
https://www.ft.com/content/371d6d1b-d95e-4d69-a3b3-b89ae71c03d7
The pandemic tech boom is reshaping our cities
https://www.ft.com/content/40c3a928-6faf-4746-903d-3a114aac3878
Indonesia deploys social media influencers in vaccine drive
https://www.ft.com/content/adb9d6c6-ab89-4fe4-aae9-4b226e5f879f
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Biden’s economic rescue plan, US banks report earnings, and the election for Merkel’s successor
Joe Biden plans to ask Congress for a $1.9tn economic rescue package, Federal Reserve chairman Jay Powell assures markets that asset purchases will continue, four big US banks report quarterly earnings, and far-right groups find alternative internet platforms to rally for further unrest. Plus, the FT’s Guy Chazan on who is vying to replace Angela Merkel as leader of Germany’s ruling party.
Biden to push $1.9tn stimulus for pandemic-battered US economy
https://www.ft.com/content/05e07e0d-1f2a-45da-bafb-367f4100c26a
Powell moves to stamp out market fear of exit from loose policy
https://www.ft.com/content/21d89f6d-be8f-48dc-9085-1e9baabcbdbe
Top US banks set for $10bn round of buybacks
https://www.ft.com/content/c2b155a3-8901-4011-be32-fde3f4bad740
Far-right turns to alternative platforms to stoke further unrest
https://www.ft.com/content/f5c4679b-20c5-4b68-bb6d-958f17385183?
After Merkel: the battle for the soul of the Christian Democratic Union
https://www.ft.com/content/ce034f34-cbc6-4ea9-8c16-41fc939fc0fe
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US House impeaches Trump again, Jack Ma vs Xi Jinping, NYC cuts ties with the Trump Organization
Donald Trump has become the first US president in history to be impeached twice, New York City cuts business ties with the Trump Organization, and the City of London has a post-pandemic recovery plan. Plus, the FT’s Beijing bureau chief, Tom Mitchell, explains what the clash between Jack Ma and Beijing means for China’s private sector.
Donald Trump is impeached for second time
https://www.ft.com/content/fc81c3df-f6c0-47c2-8efc-5a14d511f7e7
New York City is latest to cut ties with Trump businesses
https://www.ft.com/content/11b92247-b405-4e03-808d-2b802c63ff38
Jack Ma vs Xi Jinping: the future of private business in China
City of London sets out five year post-pandemic recovery plan
ft.com/content/91c887fc-29ef-472f-8e3f-22cb7d21573a?
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WhatsApp battles privacy concerns, China tech worker concerns, Microsoft Teams
Facebook-owned WhatsApp is scrambling to stave off privacy concerns following a recent update to its terms of service; greenhouse gas emissions in the US rose less in 2020 than in any year since the second world war; China’s fast-growing tech industry is in the spotlight for harsh working conditions. Plus, the FT’s Richard Waters reports on the growth of Microsoft Teams and what it could mean for the future of online work.
What’sApp fights back as users flee to Signal and Telegram
https://www.ft.com/content/ee1b716d-4ed2-4b26-8da1-40c98db7b9b6?
US emissions rise the least since second world war during pandemic
ft.com/content/1b1dfaf0-4dfb-4788-9270-f880242b2a56?
Pinduoduo hit by new allegations over working practices
https://www.ft.com/content/cc7aa0f0-ca28-4bf1-a3a1-823cc5e6fad1
Microsoft looks to make 2021 the year of Teams
https://www.ft.com/content/1bbe1b15-dde6-4a3b-9728-8991818b6c92
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US businesses pull political donations, SolarWinds hack developments, Turkey’s quest for power
U-S corporations are reviewing their political donations after the attack on the Capitol building, and research has found the huge global cyber espionage campaign discovered last month was carried out using tools similar to those developed by known Russian hacking group, Turla. Plus, the FT’s Turkey correspondent, Laura Pitel, explains how Recep Tayyip Erdogan’s aggressive foreign policy moves have left Ankara isolated from the west.
Corporate American pulls political donations after assault on Capitol
https://www.ft.com/content/be344816-3fab-42e2-99ed-38309d06a435
SolarWinds cyber attack linked to tools used by Russian hacking group
https://www.ft.com/content/e1b247d5-ef53-4e82-afc3-9e3c2d7c5e2c
Erdogan’s great game: Soldiers, spies and Turkey’s quest for power
https://www.ft.com/content/8052b8aa-62b9-40c9-a40c-d7187d5cd98a?
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Big Tech blocks Trump, urban renter exodus worries some MBS investors, CES goes virtual
Technology companies are blocking President Donald Trump from their platforms, renters fleeing U-S cities are straining the market for mortgage-backed securities, and Europe tries to enforce its investment deal with China. Plus, the Consumer Electronics Show kicks off, virtually.
Twitter vs Trump: has Big Tech gone too far?
ft.com/content/6df12c33-e7a3-482b-92da-8c3549789a6b?
Fading allure of urban life leaves dent on US mortgage bonds
ft.com/content/67cb87c0-ef93-410f-90bc-60ffaf42af5e?
EU and China agree new investment treaty
https://www.ft.com/content/6a429460-4bfb-42d4-9191-73ba97dde130
CES enters the pandemic era, taking a turn for the practical
https://www.ft.com/content/5c6b159c-da65-439f-8831-708cc0930aae
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Trump concedes election, stock markets ignore political chaos, Boeing’s 737 Max settlement
President Trump concedes power for the first time and calls for an orderly transition: the FT’s US managing editor Peter Spiegel looks at how Joe Biden can unite a divided nation; global markets have continued rising despite the chaos in Washington; Boeing agrees to pay $2.5bn to resolve a criminal charge stemming from the 737 Max crashes; and counter-culture icon Neil Young cashes in on the music streaming boom.
Democratic leaders call on Pence to force Trump from White House
https://www.ft.com/content/cecab0e3-ddb6-40fa-a78b-1d98fb3f7759
Boeing to pay $2.5bn to resolve criminal case over 737 Max crashes
https://www.ft.com/content/1e64a9ea-4659-4513-b82f-0a4b5e7cae1c
Blue sweep of Congress will add pressure to weak dollar, analysts say
https://www.ft.com/content/9e58d2fb-37c5-432e-b4c6-dcf862d43b7d
Neil Young joins music rights gold rush after striking Hipgnosis deal
https://www.ft.com/content/dd67a2ab-d6e1-4334-ae45-ef1bf65f1e82
Review clip: Silver Fiddle Music, Hipgnosis
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How a mob of Trump supporters interrupted the transfer of power
Congressional leaders reconvened on Wednesday night to certify Joe Biden’s victory in November’s presidential election, defying pro-Trump rioters who attempted to scupper the process by storming the Capitol earlier in the day. The FT’s US managing editor, Peter Spiegel, reports on a frantic day in Washington.
Further reading:
Angry mobs of Trump supporters interrupt transfer of power
https://www.ft.com/content/9a37c259-f7c8-4cca-9a00-83e7e5b9287d
‘Blue wave’ trade back on after Georgia Senate poll
https://www.ft.com/content/15c8d75b-07dd-4382-8b98-bcc8fa0c900a
New York Stock Exchange reverse course again on China delistings
https://www.ft.com/content/83cd59a9-05ba-4639-8ee4-2cb6c04e89e2
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Saudi Arabia’s oil cut pledge, Qatar and Saudi Arabia end dispute, businesses tied to rebelling Republicans
Saudi Arabia pledged to cut an extra 1m barrels a day of oil output in February and March, and also has agreed to end its dispute with Qatar. Plus, the FT’s US business editor, Andrew Edgecliffe-Johnson, explains why businesses are making their voices heard when it comes to the Republican rebellion against the outcome of the presidential election.
Saudis pledge to cut oil output despite Russian increases
ft.com/content/c5468924-5383-4717-81c8-5d0658748f31?
Saudi Arabia and allies to restore ties with Qatar
https://www.ft.com/content/ad2eb477-b8f8-4dae-9e4c-a441759fc897
Diehard Trump Republicans on collision course with US business
ft.com/content/9fe61a5e-b57a-4a99-8985-ad7867a500b0?
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Covid-19 shakes US equities, OECD warns against post-pandemic austerity
US equities had their worst day since October as spiking coronavirus cases and lockdowns shook investors, nearly €6bn of EU share dealing shifted away from London in the first trading day after Brexit, and China’s currency has rallied to its highest level in more than two years. Plus, the FT’s economics editor, Chris Giles, explains why the OECD’s top economist wants governments to rethink their constraints on public spending.
EU shares trading flees London on First day after full Brexit
https://www.ft.com/content/a434b756-afe0-454d-9d70-ef2d42ea8d55
Wall Street suffers worst day since October on virus advance
https://www.ft.com/content/82e8a6ee-78a3-4ed1-aa13-bf6a67e58d97
Renminbi rallies past 6.5 per dollar for first time since 2018
https://www.ft.com/content/c91a70d8-001c-4924-9bfa-9b5c21099112
OECD warns governments to rethink constraints on public spending
https://www.ft.com/content/7c721361-37a4-4a44-9117-6043afee0f6b
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Business after Brexit, extended lockdowns in Europe, Bitcoin’s rise
Businesses face a wave of new bureaucracy and checks at ports now that the UK is officially outside of the EU’s single market and customs union, European countries debate more restrictions aimed at containing the spread of coronavirus, and law firms ditch their UK trophy offices. Plus, the FT’s deputy markets news editor, Ian Smith, tells us about Bitcoin’s latest milestone.
European countries set to extend lockdowns as Covid cases surge
https://www.ft.com/content/3292fc38-7945-4d7e-b8ed-582146ebe782
Bitcoin tops $34,000 as record-breaking rally resumes
https://www.ft.com/content/314f6c8a-ff7f-4a52-b5d1-98eb36a7bf40
Law firms ditch trophy office moves as pandemic reshapes City
ft.com/content/e4f4e5f1-72b7-458a-a7bd-eb361cdc970b?
Payne’s Politics: Brexit has arrived
https://www.ft.com/content/4006f4bc-508e-4f5d-bd76-f6db05ef10f1
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Brexit watch, China-Australia tensions, 2020 corporate winners and losers
Britain and the EU were finalising a historic post-Brexit agreement on Wednesday night. Plus, Beijing’s market regulator has announced an antitrust investigation into Alibaba, China’s ban on Australian coal exports is hurting its companies, and the FT’s US business editor, Andrew Edgecliffe-Johnson, looks at 2020’s corporate winners and losers as well as who might rebound in 2021.
Britain and EU poised to announce Christmas Eve Brexit deal
ft.com/content/4993212f-25c8-479e-83d6-f7db3731d1be?
China launches antitrust investigation into Alibaba
ft.com/content/bdcc073f-3b70-4411-92d7-ee36973a8b7a
Politics come first’ as ban on Australian coal worsens China’s power cuts
https://www.ft.com/content/e83fffeb-3ef2-4b67-8989-6d17f153d8d4
Prospering in the pandemic: the top 100 companies
https://www.ft.com/content/844ed28c-8074-4856-bde0-20f3bf4cd8f0
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France reopens border with UK, DoJ sues Walmart, an investigation into Pornhub’s secretive owner
France is set to reopen its borders with the UK to truck drivers who test negative for Covid-19, Boris Johnson and European Commission president Ursula von der Leyen aim for a Brexit trade deal by tonight, the US government sues Walmart for links to the opioid epidemic, and the botched launch of the video game Cyberpunk 2077 has prompted a shift by Sony. Plus, the FT’s consumer industries reporter, Patricia Nilsson, reveals how the dominant player in online porn operates its business.
France to reopen border with UK
ft.com/content/e2d2e680-752a-44a5-b014-60cd837532e7
Johnson and Von der Leyen intensify ‘hotline talks in Brexit deal push
ft.com/content/3576910f-6c51-4ad0-8ad1-75fb51641747
US sues Walmart alleging role in country’s opioid crisis
ft.com/content/2d9484ee-64a7-4bb6-8287-587f94c34b43?
Cyberpunk 2077 debacle prompts shift by Sony
ft.com/content/8af5618d-ca83-43f9-9f51-56b75ff9f181
MindGeek: the secretive owner of Pornhub and RedTube
ft.com/content/b50dc0a4-54a3-4ef6-88e0-3187511a67a2
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Investors unsettled by new coronavirus strain, UK coronavirus strain explained, SoftBank launches Spac
Global stock markets slipped and the price of oil declined on fears over the new strain of coronavirus sweeping through parts of Britain. The FT’s science editor, Clive Cookson, explains what scientists know about the strain and how it will affect efforts to beat the pandemic. Plus, SoftBank has filed to raise up to $604m from investors for its first blank-cheque listing, and upscale sportswear company Lululemon is making a push into overseas markets.
Global stocks slip as new Covid strain unsettles investors
https://www.ft.com/content/58ce50e1-fb49-4743-8f82-0a7a5ff1e896
What we know about the new coronavirus strain
https://www.ft.com/content/a8cf7f88-7bfc-46c5-bb25-a914266f0377
SoftBank launches Spac, says it may buy one of its own investments
ft.com/content/65fd4a73-f277-415f-83b5-a3a68a5d4e27
Lululemon plans overseas expansion as yogawear booms
ft.com/content/c3ae04c5-ea00-452b-a33f-6a02adb5ca34?
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EU travel bans, US stimulus, the City after Brexit
Several EU countries have banned travel from the UK as scientists identify a new strain of Covid that is 70 percent more transmissable, in the US, lawmakers reached a deal on Sunday night over a new round of stimulus, and shopping sites delivering from China are rushing to build their own global freight networks. Plus, our Brexit editor asks whether the UK’s stock market can ever get its mojo back.
Scientists alarmed at spread of Covid mutant
https://www.ft.com/content/a0bef737-c763-447a-b1f3-0649dc5989a0
US lawmakers reach deal on $900bn stimulus package
https://www.ft.com/content/6c953f0e-b229-42c1-959e-ef62196ef4d6
Shopping sites in China are building their own global freight networks
https://www.ft.com/content/8af9c8f3-7ab3-4316-b014-c00e7d8ec83d
Can the UK stock market get its mojo back?
https://www.ft.com/content/ca6e6558-c55a-478b-a35d-81958d0c2890
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Google hit with another antitrust case, Brexit fears lead to stockpiling, Fed stress tests
Dozens of states and territories have launched the first US antitrust challenge to Google’s core search engine, and a surge of stockpiling by UK companies before the end of the Brexit transition period on January 1 has triggered road congestion in southern England and France. Plus, the FT’s Laura Noonan explains what we can expect out of the Federal Reserve’s stress test today and what they will tell us about US banks’s ability to handle the panemic.
Google accused of abusing search monopoly as antitrust cases mount
https://www.ft.com/content/709849fc-4148-4687-9924-0c61f0447f2d
Brexit trade talks hit by fresh dispute over state aid
ft.com/content/2f508f4d-22e2-4deb-8d42-77a7c31fc53c
Brexit stockpiling triggers cross-Channel freight crunch
https://www.ft.com/content/77443600-8b40-47af-a807-60612ef2d928
Global regulators to examine banks’ lending caution during pandemic
https://www.ft.com/content/6a09e064-9b94-4080-b696-5d347067eb4e
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Fed to extend debt purchases, US small businesses struggle, Robinhood hit with legal complaint
The US central bank says it will keep buying at least $120bn of debt a month until “substantial further progress has been made” in the recovery, US regulators have hit Luckin Coffee with a $180m penalty in an accounting fraud settlement, and Massachusetts launches legal action against the online trading app Robinhood. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains why there is an uneven recovery in the US corporate landscape.
Fed to extend debt purchases to boost flagging US economy
https://www.ft.com/content/74b6530e-9d69-43f0-a5d7-3cb363ed5398
America’s two-track economy: the small business credit crunch
https://www.ft.com/content/1ae439b1-75e7-4b55-876c-66533ac37db8
Massachusetts takes legal action against Robinhood
https://www.ft.com/content/0e451231-fa4c-4686-bf2f-a5e107f337b9
Luckin Coffee to pay $180m in accounting fraud settlement
ft.com/content/4db3b074-829f-4f1c-a256-11c7e28a31d1
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Spanish companies vie for EU recovery aid, UK nuclear plans
Spanish blue-chips have positioned themselves for tens of billions of euros in EU coronavirus aid, the UK is drawing up plans to turn London into a rival to Singapore as a hub for shipping companies, and online brokers are scrambling to hold on to customers acquired during a surge in account openings amid the pandemic. Plus, the FT’s energy correspondent, Nathalie Thomas, explains what a possible new nuclear power plant in England means for the UK’s clean energy goals
Spanish companies jostle for EU recovery fund billions
ft.com/content/e56d8c25-a978-424d-be77-752292e72059?
UK draws up plans to rival Singapore with post-Brexit shipping regime
ft.com/content/251ec582-1a9d-4af2-8b8c-4caa5cecd18b
Investment platforms scramble to retain new customers
ft.com/content/899c6908-25fc-4b71-9cc4-0224926306fa?
UK enters formal EDF talks over £20bn Sizewell C nuclear plant
https://www.ft.com/content/ff25b5b5-5eec-4c81-a9b2-6ef5cad4d9b0
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SolarWinds software hijacked, Electoral College confirms Biden, Federal Reserve meeting preview
Presidential electors confirmed Joe Biden as the winner of the 2020 US election, and the Federal Reserve is poised to issue new guidance extending its emergency bond-buying programme. Plus, the FT’s Hannah Murphy explains what the US is doing in response to an infiltration by “nation-state” hackers into secure IT systems.
US orders emergency action after huge cyber security breach
https://www.ft.com/content/3a635e09-221c-49af-a582-97bc4e803747
Electoral College set to confirm Joe Biden as next US president
https://www.ft.com/content/fb5e17ae-7a15-4a88-b871-1db4036186fe
Federal reserve poised to extend crisis bond-buying programme
https://www.ft.com/content/28db9e0a-9b6b-4e95-99e6-615ffcbdbaf8
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Brexit talks get reenergized, US Covid-19 vaccine rollout, eurozone banks’ dividends
US doctors could administer the first authorised coronavirus shot as soon as today, an EY anti-fraud team warned in 2018 that “red-flag indicators” at Wirecard pointed to potential accounting manipulation, and Europe’s top financial regulators are set to approve lender payouts within strict limits. Plus, Boris Johnson and Ursula von der Leyen agreed to extend negotiations for a UK-EU trade agreement. The FT’s Brexit editor, David Bond, explains how that might play out over the next few weeks.
Join us this Tuesday 15 December at 3pm GMT, for an essential webinar, hosted by expert FT journalists, to understand in 50 minutes what a Deal or a No Deal means for you and your business. Regardless of the outcome, learn how all the key areas may be impacted. Register free today at: https://webinars.on24.com/ftdigitaldialogues/brexitbriefing
EU and UK still ‘far apart’ but Brexit deal hopes rise
https://www.ft.com/content/6a6d5960-3e44-48c8-b33a-ee583b314ee3
Doctors set to give first authorised US doses of Covid-19 vaccine
https://www.ft.com/content/c06fed50-715c-4d2b-995c-b37a52254081
EY fraud unit found ‘red-flag indicators’ Wirecard in 2018
ft.com/content/3c0a0999-b434-4cad-9d9e-80cb85bf9cfd?
Eurozone banks set to restart dividend payments under strict limits
https://www.ft.com/content/2ffeb47f-cb88-478e-9819-f22ccd8b9668?
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Johnson says prepare for no-deal Brexit, Airbnb IPO, EU’s threat to Big Tech
Boris Johnson has warned Britain to prepare for a no-deal Brexit, and Airbnb shares more than doubled on their first day of trading on Thursday. Plus, the FT’s Brussels correspondent, Javier Espinoza, explains why the EU is giving Big Tech companies an ultimatum when it comes to policing the internet.
Correction: A previous version of this episode referred to Netscape as Microsoft's browser when it was in fact a rival. Internet Explorer is Microsoft's browser.
Boris Johnson warns Britain to prepare for no-deal Brexit
https://www.ft.com/content/c112b53b-9dc7-462d-b50a-523ce1d42b23
Airbnb soars on debut in latest IPO bounce
https://www.ft.com/content/a1c5cc26-b224-470a-84fe-8a6575fd33dc
EU to tell Big Tech to police internet or face large fines
https://www.ft.com/content/72371610-4820-44c0-a955-4a19e430d343
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Deadline set for Brexit talks, Facebook hit with antitrust lawsuits, DoorDash floats
Boris Johnson and the EU have set a Sunday deadline for a “firm decision” on the fate of their future-relationship negotiations, the US Federal Trade Commission and 46 states have brought antitrust cases against Facebook, and DoorDash reached a market value close to $60bn in its public trading debut. Plus the FT’s global media editor, Alex Barker, looks at whether Disney’s push into streaming is enough to save the business.
Sunday deadline set for ‘firm decision’ on Brexit talks
ft.com/content/fb655185-c89e-4a1b-948f-fbe97176c891
US sues Facebook for ‘years-long’ abuse of monopoly power
ft.com/content/5c03ac0f-7122-4c31-97a5-ecab3928a038
DoorDash shares open up 80% amid IPO frenzy
ft.com/content/c9f8f03f-6b82-4828-84e2-7ac25966b7d1
Disney faces digital dilemma despite streaming success
ft.com/content/cf22ac6b-c065-4657-bbe6-6689c625461d
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Shell’s clean energy departures, Starbucks' bullish goals, US anti-money laundering overhaul
Starbucks chief executive Kevin Johnson says the company will continue to grow despite the pandemic, Congress looks to approve the first overhaul of US anti-money laundering laws in decades, and Japan has launched a stimulus package to help speed up the country’s recovery from Covid-19. Plus, the FT’s senior energy correspondent, Anjli Raval, discusses the recent executive exodus at Royal Dutch Shell.
Shell executives quit amid discord over green push
ft.com/content/053663f1-0320-4b83-be31-fefbc49b0efc?
As thousands of small coffee shops shut, Starbucks’ boss is bullish
ft.com/content/ab959c91-7ef2-44d7-bf8c-d03718ae5393
US to shift burden from banks in overhaul of money laundering laws
ft.com/content/498493c4-a138-4e5d-b926-a86ae317b8f4
Suga launches $294bn stimulus to boost Japan’s coronavirus recovery
ft.com/content/2c927471-849c-4635-8844-31b12b91b613
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Johnson and Von der Leyen to meet on Brexit, Uber abandons plans for its own self-driving car, China’s overseas lending
Boris Johnson is to travel to Brussels for make-or-break talks on a UK-EU trade deal, Uber will swap its self-driving car operations for a minority stake in Aurora, and China has drastically curtailed the overseas lending programme of its two largest policy banks. Plus, the FT’s Guy Chazan explains why there is so much at stake for Europe and German chancellor Angela Merkel during this week’s EU summit.
Johnson to go to Brussels in search of way out of Brexit stalemate
https://www.ft.com/content/0317430c-015c-4848-8689-8ec4066dad52?
Uber abandons effort to develop own self-driving vehicle
https://www.ft.com/content/e55ce767-0ede-4096-aa3b-1d26671f3772?
China curtails overseas lending in face of geopolitical backlash
ft.com/content/1cb3e33b-e2c2-4743-ae41-d3fffffa4259?
Angela Merkel faces final challenge at EU summit
https://www.ft.com/content/58866070-51df-4386-be3f-58738a23996c?
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Brexit trade talks on a knife-edge, Brussels urged to heed climate science, Covid vaccines in India
Britain’s trade talks with the EU were on “a knife-edge” on Sunday, Brussels has been urged to stick to climate science when drawing up rules on sustainable finance, and doses of the coronavirus vaccine developed by AstraZeneca and the University of Oxford could be available for purchase in India as soon as March. Plus, the FT’s Brussels bureau chief, Sam Fleming explains how the UK’s departure from the EU will affect Europe.
UK trade talks with EU on knife edge, says Irish premier
https://www.ft.com/content/af0a4b76-66ad-4166-b743-e190327fe42e
Brussels urged to heed climate science in sustainable finance rules
https://www.ft.com/content/3b017b2b-e8a5-4ea0-b7d0-c96337e33e5f
Covid vaccines will be available for private purchase in India
ft.com/content/224b13fb-1d7d-4250-a6c6-1535b30496bc?edit=true
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Brussels’s EU budget warning, Macron complicates Brexit deal, the ‘everything’ market rally
EU budget commissioner Johannes Hanes has warned Poland and Hungary that Brussels could cut them out of its recovery fund, British officials accused France of making new Brexit demands at the eleventh hour on Thursday, and Boeing clinched its first firm order for the 737 Max since the aircraft was grounded 20 months ago. Plus, the FT’s global financial correspondent, Robin Wigglesworth, explains what has been fuelling the rally in global equities and whether it can be stopped.
Brussels warns Poland and Hungary they cannot stop EU recovery fund
ft.com/content/50d9731d-c5cd-4fa7-9626-7a0f2f2d62d8
Tough Macron stance leaves Brexit deal hanging in balance
ft.com/content/7a679982-abef-4f9a-8a55-e06588e7b770
Boeing clinches first firm order for 737 Max since aircraft’s grounding
https://www.ft.com/content/2c32696e-56fc-43a5-b3d4-49daa169bcbd
The ‘everything rally’: vaccines prompt wave of market exuberance
ft.com/content/d785632d-d9a0-45ae-ae57-7b98bb2fb8d6
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Democrats support US stimulus plan, China invests in US tech, reaction to UK vaccine approval
Top Democrats have expressed support for a $908bn stimulus plan offered by a bipartisan group of US senators, the UK has become the first country to approve a Covid-19 vaccine, and Chinese state-backed funds are still scouring the US for investments in critical technologies despite stiffer restrictions on such deals. Plus, the FT’s West Africa correspondent, Neil Munshi, explains why Nigeria’s richest residents are investing heavily in Africa’s biggest economy.
Top Democrats signal willingness to compromise on stimulus
https://www.ft.com/content/8787eb59-642e-4a93-af5b-59f13afa3e6d
UK set for Covid vaccinations ‘next week’ after regulatory approval
https://www.ft.com/content/c60f49c1-34c8-4cd0-b295-87f35c70bc04
Chinese state-backed funds invest in US tech despite Washington curbs
ft.com/content/745abeca-561d-484d-acd9-ad1caedf9e9e
Nigeria’s richest plough money into Africa’s biggest economy
https://www.ft.com/content/c5b98699-a5bb-49b2-8436-4a7edf314b87
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Airbnb IPO pricing, EU squeezes UK in Brexit talks, Brazil's economy during the pandemic
Airbnb disclosed on Tuesday that it could raise as much as $2.5bn in its initial public offering, and Brussels is still holding back on granting Britain a whole collection of Brexit rights and regulatory waivers. Plus, the FT’s Latin America editor, Michael Stott, explains why Jair Bolsonaro’s monthly subsidy to Brazilians is a double-edged sword.
Airbnb looks to raise up to $2.5bn in IPO
ft.com/content/c5450812-c45d-4833-a99f-22a390e5d3e4
EU keeps UK guessing on post-Brexit rights
ft.com/content/e7c12053-c9d7-42c8-965f-731257cde644?
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Understanding eurozone inflation, Zoom sales up, Mnuchin and Powell testify before US Congress
The cost of many popular goods and services in the eurozone is rising far faster than the bloc’s overall depressed level of inflation, the video conferencing company Zoom continued to ride the boom in working and learning from home, and Eurozone finance ministers have struck an agreement to revamp the bloc’s bailout fund. Plus, the FT’s James Politi explains what is in store as Federal Reserve chair Jay Powell and US Treasury secretary Steven Mnuchin appear before the US Congress.
Eurozone consumers hit by rising goods costs despite negative inflation
https://www.ft.com/content/e8a10dff-ca00-4bd0-8909-a62b51e498af?
Zoom sales up fourfold as pandemic keeps workers at home
https://www.ft.com/content/3f388aac-9e41-4ce4-bc30-187bad688d8a?
Eurozone finance ministers strike deal over bailout reform
https://www.ft.com/content/827f3d0c-ff1d-417e-bdc9-afd55be003b0
Jay Powell frets over US economy despite good news on a vaccine
ft.com/content/0b526c01-67e2-411c-ad8c-5ab362515047
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EU pitches post-Trump alliance with US, Covid-19 vaccine rollout, Lam’s cash problem
The EU will call on the US to seize a “once-in-a-generation” opportunity to forge a new global alliance, the first coronavirus vaccine is on track for international deployment within weeks, and Hong Kong’s leader has said she is being forced to receive her salary in cash because of US sanctions. Plus, the FT’s Helen Warrell explains how the UK is trying to position itself as a global leader in defence.
EU pitches new post-Trump alliance with US in face of China challenge
https://www.ft.com/content/e8e5cf90-7448-459e-8b9f-6f34f03ab77a
International rollout of Covid-19 vaccine on track for next month
https://www.ft.com/content/093d5005-ea9f-4c87-8db3-bae0e93d5102
Hong Kong’s leader has ‘piles of cash’ at home after US sanctions
https://www.ft.com/content/0f9f0e98-faac-4ecd-8896-8cda3746a920
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Is AI finally closing in on human intelligence?
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Brexit financial services woes, Salesforce eyes Slack, Facebook’s ad troubles
Europe’s financial sector has reached “peak uncertainty” as regulators and banks rush to stave off the harshest effects of Brexit, cloud software company Salesforce is in talks to buy Slack, and Facebook allowed several thousand adverts and posts that violated UK law earlier this year. Plus, the FT’s economics editor, Chris Giles, explains why UK chancellor Rishi Sunak is warning of an ‘economic emergency’.
Europe's finance sector braced for 'peak uncertainty' ahead of January
Salesforce in talks to buy Slack in huge cloud software deal
Facebook allowed thousands of illegal ads in UK until they were reported
Sunak warns of ‘economic emergency’ as borrowing hits record £394bn
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Markets rise on White House transition, France taxes US tech giants, bank dividends
US stocks surged to new highs on Tuesday, alongside global equities, as the path for a smooth transition of power in the US cleared, French tax authorities have begun demanding millions of euros in extra tax from US tech giants, and an ECB executive says that eurozone banks could be allowed to pay dividends again if their balance sheets are in order. Plus, the FT’s Robin Harding explains why Japanese stamps are getting in the way of the country’s digitisation efforts.
US stocks set record high as investors look to new administration
https://www.ft.com/content/433048a5-c489-4ddd-aebd-d56fb8f3edfc
US tech companies get digital tax demands from French authorities
ft.com/content/2cfe3d07-7e69-4f57-b634-8b6002f967cb
ECB to lift ban on bank dividends next year if balance sheets strong enough
ft.com/content/62c9e91e-ce88-41cb-aa23-de67687cdeef?edit=true
Japan to ditch ‘hanko’ seal in drive to digitise bureaucracy
https://www.ft.com/content/e05b0e61-1aa6-4e96-822b-538f1a33d806
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Yellen likely choice for US Treasury, Peru’s century bonds, Oxford-AstraZeneca vaccine
US president-elect Joe Biden is poised to choose former Federal Reserve chair Janet Yellen as his Treasury secretary, Peru joins a select group of countries that has issued century bonds, and the number of US air travellers has ticked up ahead of US Thanksgiving. Plus, the FT’s Donato Paolo Mancini explains how the vaccine produced by Oxford University and AstraZeneca will play into the larger fight against the pandemic.
Joe Biden poised to pick Janet Yellen as Treasury secretary
https://www.ft.com/content/1351b4db-9181-4afe-875f-acf9d5a6799a
Peru joins elite club of nations selling century bonds
https://www.ft.com/content/2676b8b3-dcf7-4200-9031-cc0f4f6a504e?shareType=nongift
US air travel rises despite Thanksgiving pandemic warnings
https://www.ft.com/content/ec2de8b7-30e9-403c-9016-ddb41796c9e8
Oxford-AstraZeneca vaccine results raise hopes for Covid fight
https://www.ft.com/content/2da97a56-23df-4345-9157-6dc8ec322c69
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Europe eases lockdowns for holidays, G20 on Covid-19 vaccines, China’s crackdown on misconduct
European policymakers are preparing to relax Covid-19 lockdowns and “save Christmas”, G20 leaders pledged to “spare no effort” to ensure global access to Covid-19 vaccines, and Beijing has warned it will show “zero tolerance” for financial misconduct after several high-profile bond defaults by state-owned companies. Plus, the FT’s Peggy Hollinger explains how investors are handling Brexit.
European nations plan cautious easing of lockdowns for Christmas
https://www.ft.com/content/5068cfce-a2fa-4d85-9078-d1a1cd89c316
G20 leaders pledge to ensure global access to Covid vaccines
https://www.ft.com/content/5f5e5a8c-1b94-438f-8f10-212126883e6c
Beijing promises crackdown on misconduct after bond defaults
ft.com/content/21af2731-0042-458c-9651-365459fa1e74?
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WHO cautions against remdesivir, wildfires and wine, Venezuelan oil as a stranded asset
The World Health Organization has recommended that doctors do not prescribe Gilead's remdesivir to patients in hospital with coronavirus, US Treasury secretary Steven Mnuchin has decided against extending several of the Federal Reserve’s emergency lending facilities, and online wine retailer, Naked Wines, has said that worsening wildfires are becoming a challenge for the industry. Plus, the FT’s Michael Stott explains why Venezuelan oil could become the world’s biggest stranded asset.
WHO recommends against prescribing remdesivir to Covid patients
ft.com/content/cc8d2fc7-f7e9-441e-a33c-94b8f82ce110?
US Treasury says no to extending some of Fed’s crisis-fighting tool
https://www.ft.com/content/e4b3a063-db44-4e6c-b998-74a29d70b136?
Wildfires pose threat to industry, warns Naked Wines
https://www.ft.com/content/55daaf65-b233-47b8-b24a-b38b1b93f0f0
Venezuelan oil could become world’s biggest stranded asset, say experts
https://www.ft.com/content/cafbd3c7-2434-4f23-8da8-1f7052efdc8e
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EU auditor: Brussels too slow to tame Big Tech, FAA clears Boeing 737 Max, Johnson’s green economy
A new report from the EU’s external auditor has found Brussels failed to tame Big Tech because it moved too slowly, the US Federal Aviation Administration issues an order on Wednesday allowing Boeing’s 737 Max to fly again, and Wall Street analysts expect the arrival of a coronavirus vaccine will send the dollar sinking next year. Plus, the FT’s environment correspondent, Leslie Hook, explains why critics say Boris Johnson’s plan for a green economy falls short.
EU has been too slow to tame Big Tech, says bloc’s auditor
ft.com/content/abb8ebe1-99e1-4547-8c42-df265bf5125c?
US regulator clears Boeing’s 737 Max to fly again
https://www.ft.com/content/43bb3ab1-598d-4ee3-a83b-ea0c22f08d4a
Vaccine arrival expected to trigger dollar slump in 2021
ft.com/content/d2a226b8-574a-4d1c-9205-fa076ed97055?
Boris Johnson’s green plan a ‘far cry’ from hitting net zero targets
ft.com/content/dbd944e6-48a2-42d7-829e-ae1d64616bfc
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G20 nears funding boost for low-income countries, Amazon online pharmacy, FSB report
Saudi Arabia’s finance minister says the world’s richest countries are close to unlocking additional IMF funds for low-income nations, Amazon has launched an online delivery service offering big discounts for prescription medicine in the US, and Unilever is aiming to increase its annual sales of plant-based meat and dairy alternatives to €1bn in five to seven years. Plus, the FT’s US markets reporter, Colby Smith, explains why the Financial Stability Board is pinning hedge funds with some of the blame for the US Treasury market chaos in March.
G20 nearing IMF funding boost for developing nations, Saudi minister says
ft.com/content/f211194f-5c19-4ab1-b47f-a4d6caa88f36?
Amazon launches online pharmacy in challenge to traditional retailers
https://www.ft.com/content/f45c4956-108f-4b69-b115-c73cfc55f0e3
Unilever aims for €1bn sales from plant-based products by 2027
ft.com/content/0a1e5e3d-a34d-44bb-a350-75f3e8700673?
Hedge funds under scrutiny over role in March bond market ructions
https://www.ft.com/content/5bab4156-54fd-41ab-b067-794c3050c8cd
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Biden’s coronavirus warning, Airbnb readies for IPO, Saudi Aramco bonds
US president-elect Joe Biden has warned that the country’s ability to handle Covid-19 could be hampered if Donald Trump does not allow a smooth transition of power, AirBnB published the prospectus for its long-awaited stock market listing on Monday, and the secretary general of the Basel committee of regulators has argued that shareholder payouts should remain on hold until the long-term impact of the pandemic is clear. Plus, the FT’s senior energy correspondent, Anjli Raval explains why Saudi Aramco is heading to the international bond market.
Biden warns ‘more people may die’ if Trump refuses to co-ordinate
ft.com/content/ee58360a-eca8-47aa-ac86-3665e918539a
Airbnb woos investors with return to profit ahead of IPO
ft.com/content/5f8aa041-3d1b-43f4-94fb-57a0639bfc76?
Bank regulator calls for dividends to remain on hold
ft.com/content/cd06ce1a-65cd-4543-8f80-cf1d577f0c68?edit=true
Saudi Aramco to sell billions of dollars in international bonds
https://www.ft.com/content/c10dcb3b-89cf-4fc4-a1b2-bd434f79258b
Lawsuit tracker: Trump’s battle faces tough test this week
https://www.ft.com/content/20b114b5-5419-493b-9923-a918a2527931
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UK’s weak household spending, Asia-Pacific trade deal, Biden’s Brexit impact
A Financial Times analysis has found the UK’s weakness in international economic league tables during the coronavirus crisis reflects stretched household finances and potentially wasteful public spending, leaders from 15 Asia-Pacific countries have signed one of the biggest trade deals in history, and US banks are concerned over one of their most profitable business segments as consumers pay down their credit cards. Plus, the FT’s Arthur Beesley explains how US president-elect Joe Biden’s Irish roots could affect Ireland’s Brexit outlook.
UK’s poor GDP performance rooted in weak household spending
ft.com/content/c5d72dea-50bc-4f1f-98d3-bc758aafa905?
US surge in coronavirus cases darkens outlook for economy
https://www.ft.com/content/f3a4f31b-85bc-450f-ac7a-f7dbbad3f6dc
Asia-Pacific countries sign one of the largest free trade deals in history
https://www.ft.com/content/2dff91bd-ceeb-4567-9f9f-c50b7876adce
Bank credit card profits in question as US consumers pay down debt
https://www.ft.com/content/fe591579-2202-45f1-8c83-a7e7dd1200c4
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Palantir sales growth cheers Wall Street, Poland threatens EU budget, Denmark mink culling
Data analytics company, Palantir, beat Wall Street forecasts in its first quarterly earnings since going public, the US Senate is preparing to vote on Judy Shelton, Donald Trump’s nominee to the Federal Reserve board, and Poland’s prime minister warns that his country’s parliament could shoot down the EU’s next seven-year budget. Plus, the FT’s Nordic and Baltic correspondent, Richard Milne, explains why Denmark is backtracking on its order to kill millions of mink.
Palantir sales growth cheers Wall Street in debut earnings
https://www.ft.com/content/9fdbf565-8be3-4972-8f8f-4cad3dda5101
Senate prepares to vote on Trump’s Fed board nominee Judy Shelton
https://www.ft.com/content/4c146684-b364-4966-849a-acfcd7bd9ded
Poland threatens EU budget over linking funding to rule of law
https://www.ft.com/content/d8dfda2c-a811-4749-9bf2-3a0dde626fed?
Denmark’s mink farmers count cost of botched cull
https://www.ft.com/content/9e518316-6422-41f3-8873-8a75754b2eef
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Key aide to Boris Johnson quits, ECB set to expand help, TikTok deadline, Turkish lira
Boris Johnson’s director of communications resigned on Wednesday night following a bitter Downing Street power struggle, the European Central Bank will keep financing costs exceptionally favourable in the eurozone until the economy recovers from the pandemic, and TikTok wrestles with its US divestment deadline. Plus, the FT’s Laura Pitel explains how Turkey hopes to boost its economy despite an overhaul of the country’s economic management.
Key Johnson aide quits in Downing St power struggle
https://www.ft.com/content/2c431395-021b-471d-878c-3ab342304745
ECB set to expand bond-buying and cheap loans, Lagarde signals
https://www.ft.com/content/3fc692fe-a79d-447f-9dec-42c171dc9a53?
TikTok challenges Trump order ahead of US divestment deadline
https://www.ft.com/content/218bccaf-6b74-475c-a374-9a0a89ca3d29
Turkey’s Erdogan vows to win ‘trust’ of investors after lira plunge
https://www.ft.com/content/fc0be85d-eba8-4172-9d38-d8b6f5fa0e8e
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Trump’s resistance, Lyft weighs delivery business, EU hits Amazon with antitrust charges
Republicans have grown more assertive in giving cover to Donald Trump’s false claims that the US presidential election was stolen from him, Lyft has said it was in the “early days” of building a delivery business to take on Uber Eats and others, SoftBank is considering moving its Vision Fund unit to Abu Dhabi, and the European Union is hitting Amazon with antitrust charges. Plus, the FT’s Leila Abboud explains why European small shopkeepers are frustrated with the latest set of coronavirus lockdowns.
As Joe Biden’s margin of victory grows, so does Republican resistance
https://www.ft.com/content/d0c09d30-6f1c-4978-bbb7-44e1f93e9a39
Lyft weighs getting into delivery business as it works to bounce back
ft.com/content/b340f34e-d16a-4388-99cf-eacb00df8389
SoftBank’s Vision Fund unit considers move to Abu Dhabi from UK
https://www.ft.com/content/22eddefb-adab-4188-9de7-33533f6d571e
EU accuses Amazon of breaching antitrust rules
https://www.ft.com/content/4908995d-5ba4-4e14-a863-bcb8858e8bd2
Europe’s shopkeepers on the warpath over lockdowns
https://www.ft.com/content/3fc8ba69-9a2c-4f19-ac79-ce310c8d6507
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Covid vaccine lifts stocks, Nikola’s legal bills pile up, India takes aim at Google
A breakthrough in the race to find a vaccine for Covid-19 fuelled a broad global equity rally on Monday. The FT’s Joe Miller explains what this means for managing the pandemic. Plus, India’s competition watchdog has ordered an in-depth investigation into the tight links between Google’s mobile app store and its payment service, and electric truck start-up Nikola has acknowledged for the first time that it is under investigation by the US Department of Justice in the wake of fraud allegations.
Pfizer and BioNTech’s Covid-19 vaccine found to be 90% effective
https://www.ft.com/content/9bde4bff-acf0-4c2a-a0d0-5ed597186496
Nikola reveals escalating legal bill after fraud claims
https://www.ft.com/content/51c9de3f-7e08-4740-8a50-4f301d8ca9ae
India’s competition watchdog orders Google investigation
https://www.ft.com/content/f0709021-0fdb-4f0a-a85e-c807ab364ebe
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Biden looks to unite Democrats, future of UK-US trade, Westfield threatens tenants
President-elect Joe Biden will face a power struggle between liberal and progressive Democrats, and how will a Biden administration handle a trade deal between the US and the UK? The FT’s Sebastian Payne and Aime Williams explain how the internal market bill plays an important role. Plus, shopping centre landlord Westfield is threatening tenants with legal action over unpaid rents.
Biden faces power struggle between Democratic progressives and moderates
https://www.ft.com/content/e922ddea-6665-4231-89a3-ffdbfd0fc009
Westfield threatens chains including Pret over rent arrears
https://www.ft.com/content/40596f51-cef7-41b7-a36f-cddebb870be5
Lords defeat of Brexit bill will put government on track for Biden clash
https://www.ft.com/content/874ef7b6-91f9-4f5e-b2ae-5a3def68e250
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Biden edges towards victory, Bank of England stimulus, Uber earnings miss
Joe Biden edged closer to a presidential victory on Thursday night while Donald Trump claimed without evidence that the Democrats were trying to “steal” the election. Plus, the Federal Reserve kept monetary policy steady, the Bank of England took more robust measures as the UK entered a second coronavirus lockdown, and Uber missed Wall Street’s expectations on earnings in the third quarter despite reporting an uptick in its ride-sharing business.
Donald Trump calls for vote counting to stop as US awaits result
https://www.ft.com/content/b922453a-166c-446f-a50e-6727309b8375
Federal Reserve keeps monetary policy steady as Covid cases rise
https://www.ft.com/content/3b577f14-c638-4536-aeb0-f63508e7e295
Bank of England launches £150bn stimulus to boost consumer spending
https://www.ft.com/content/18ade542-d2a9-438a-ba5c-37b51475993b
Uber and Lyft in driving seat to remake US labour laws
https://www.ft.com/content/78e619f4-fabe-4077-a51a-491e24492263
Uber claws back business as lockdowns ease but misses Wall Street target
https://www.ft.com/content/933458fc-4bd8-407f-be0f-6467e83b6173
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Biden holds lead over Trump, US leaves Paris climate agreement
Joe Biden won Wisconsin and Michigan on Wednesday in two critical victories that boosted his chances of winning the presidential election while the Trump campaign launched lawsuits to delay vote counting. Meanwhile, investors are now changing course after Democrats missed an opportunity for a blue wave. Plus, the FT’s environment correspondent, Leslie Hook, explains how the outcome of the election is crucial for global efforts to tackle climate change.
Biden boosted by Wisconsin and Michigan wins as count drags on
https://www.ft.com/content/874f4401-aa3f-46c0-b4ca-2d06066c1f7e
Investors hold their poise in face of knife-edge US election result
https://www.ft.com/content/732afbb8-af6f-4bfa-9cd2-e7dab82873af
US formally withdraws from Paris climate agreement
https://www.ft.com/content/54f600e0-183f-41fd-8d4b-69ab4403e331
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US ballot count continues, Ant IPO stalls
The US presidential election appeared to be headed towards prolonged uncertainty as critical battlegrounds continued to count mail-in ballots. The FT’s Peter Spiegel reports on the early morning results, and Andrew Edgecliffe-Johnson explains what it means for business.
Plus, China has suspended the $37bn listing of Ant Group, which had been set to become the world’s largest IPO. Our Asia capital markets correspondent, Hudson Lockett, explains what happened.
Follow the FT’s US election coverage
https://www.ft.com/us-presidential-election-2020
Trump’s corporate trouble: CEOs keep their distance from the party of business
https://www.ft.com/content/f74f00db-decc-4fb2-8c86-e95dd0b0d42e
China halts $37bn Ant Group IPO, citing ‘major issues’
https://www.ft.com/content/c1ee03d4-f22e-4514-af46-2f8423a6842e
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US election day voting, investors eye the candidates, Nvidia-Arm China deal in trouble
US election day begins as Americans brace themselves for what could be a drawn-out result, Nvidia’s $40bn deal for the UK-based chip designer Arm is facing fresh problems in China, and Volkswagen will be within only “a gram or so” of tough new EU carbon emission limits. Plus, the FT’s US capital markets correspondent, Richard Henderson, explains which policies from Mr Trump and Joe Biden are most appealing to investors.
Democrats fight back as Trump pledges to challenge result in court
https://www.ft.com/content/fd0ed792-2945-48a1-a896-efd0ecc7586f
Trump vs Biden: 4 policy plans US stock investors are watching
https://www.ft.com/content/4930af61-c51a-4782-a1cd-a0cd1a9a0cde?shareType=nongift
Battle at Arm China threatens $40bn Nvidia deal
ft.com/content/49889c43-70b8-45d7-b0b0-44e98d3bf89f?
Volkswagen within ‘a gram’ of compliance with EU carbon targets
ft.com/content/b8751714-fe99-4cd6-9935-2fb4ad9929f4?
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Eurozone economic forecast sinks, UK businesses plea support, aerospace and Brexit
Fresh lockdowns in Europe announced have triggered a flurry of downgrades to economic growth forecasts, and UK business leaders have called for more financial help from the government to support crisis-hit companies. Plus, the FT’s Peggy Hollinger explains how Brexit will affect an already hard hit aerospace industry.
Eurozone economic forecasts slashed as fresh lockdowns imposed
https://www.ft.com/content/3269f590-1cac-411f-8320-110c91c1f12e
Business seeks state support as it faces England lockdown
https://www.ft.com/content/adfebb62-2f01-4c4a-bdc6-8bf8ff621850
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Big tech earnings, US economic data, early voters pour in for US presidential election
Big tech companies reported mixed earnings for the most recent quarter, and Donald Trump is pointing to strong third-quarter GDP days before the US presidential election. Plus, the FT’s Washington Bureau chief Demetri Sevastopulo explains how early votes could affect election day.
Google ad sales bounce back sharply from pandemic slump
https://www.ft.com/content/07c22dcb-9747-4bd3-a01c-bb51d6e9e9bb
Donald Trump touts economy to boost re-election bid
https://www.ft.com/content/dbe15063-8955-42e2-a757-b8d9b4bd9c60
Early voting surge points to huge turnout in US election
https://www.ft.com/content/8d8fa717-8923-4223-af75-bd6d31d25d9a
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European lockdowns worry investors, China’s Five-Year plan
Stocks in Europe and the US dropped on Wednesday as Germany and France re-entered lockdowns to slow the spread of coronavirus. The FT’s Michael Peel explains how the European Commission is handling the latest wave of the virus. Plus, investors worry about its spread in Europe and the US, and China’s leadership discusses the country’s next Five-Year Plan.
Germany and France impose fresh curbs to slow Covid-19 spread
https://www.ft.com/content/cc928df5-8c4f-4b16-b5e8-78547069c9d5
US stocks close down 3.5% as Covid concern mounts
https://www.ft.com/content/617f7ad3-6831-4e47-b66a-3efccd1972a6
Chinese leadership meets to set policy direction for next 5 years
https://www.ft.com/content/91b74acd-15fc-402a-9644-3c662d3ba04c
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Apple search, LVMH and Tiffany talk, social media testimony
Apple is stepping up efforts to develop its own search technology, Boris Johnson’s plan to flout international law over Brexit is set to be blocked by the House of Lords, LVMH is in talks to renegotiate its $16.6bn takeover of US jeweller Tiffany. Plus, the FT’s Kiran Stacey will explain why US Senators are going after big social media groups ahead of the US presidential election.
Apple developing alternative to Google search
ft.com/content/fd311801-e863-41fe-82cf-3d98c4c47e26
Boris Johnson faces Brexit defeat at key moment
ft.com/content/807e1c15-7632-4a42-adc7-562ffc57e232?
Zuckerberg backs reform of legal protections for social media
https://www.ft.com/content/9e9b8a33-74af-4a42-9c6f-1e24958de46c?
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US stocks drop on Monday on coronavirus fears, European banks, Alibaba’s push into grocery delivery
US stocks on Monday notched their biggest one-day drop in a month on fears that rising coronavirus infections will dampen business activity, and European banks get a lift from equities revenue. Plus, the FT’s China corporate tech reporter, Ryan McMorrow, explains how Alibaba is making a push into a crowded grocery delivery field.
Alibaba to pay $3.6bn to take control of Chinese supermarket chain Sun Art
https://www.ft.com/content/fb6dee7d-704e-444e-aa7f-32969296fb51
US stocks have worst day in a month as virus cases hit a record
https://www.ft.com/content/770938ee-c511-4332-968c-c290dd89cc33
Barclays recovers as bad debt charges fall
https://www.ft.com/content/8374dd0e-87c1-4b58-8c29-5cc4f45d3960
UBS pledges to boost payouts as pandemic impact diminishes
https://www.ft.com/content/10005024-87dc-41b8-abc4-728261b34bf0
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EU member states hesitate on recovery fund loans, upbeat Oxford vaccine trials, Brexit borders
Pandemic-struck EU member states are worried about debt and are hesitant to reach for recovery fund loans, and a Covid-19 vaccine trial out of the University of Oxford and AstraZeneca has shown promise in a recent trial. Plus, the FT’s Peter Foster and Judith Evans explain what kind of complications will occur at the UK border after the Brexit transition period ends.
Italy and Spain introduce new pandemic measures
ft.com/content/8d14f560-427c-451f-90df-8b464901d190
EU capitals hesitate over recover fund loans
ft.com/content/1621a33b-b05e-4b2d-b6d1-862a0455c1b9?
Astrazeneca Oxford Covid vaccine trials offer hope for the elderly
ft.com/content/b15446e5-66f7-4e6a-947a-1b638769ff79?
British sausage makers face EU freeze after Brexit
https://www.ft.com/content/a6b205e4-6171-4995-80d8-3f19b42d340a
Private jets take off as wealthy flyers seek to avoid virus
https://www.ft.com/content/17282807-ab86-4333-b6c2-b8128f87fd4f
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Final US presidential debate, FDA approves remdesivir, Intel data hit by pandemic
Donald Trump and his Democratic challenger, Joe Biden, clashed over issues from the pandemic to foreign policy in their final presidential election debate. Then, the FT’s Demetri Sevastopulo will explain why local races in Texas and around the US could dictate the political make-up of the country for years to come. Plus, Gilead has received the first US regulatory approval for a Covid-19 drug, and Intel reported a decline in data centre revenues and said its earnings fell by nearly a quarter from a year ago due to the pandemic.
Donald Trump and Joe Biden clash over coronavirus in final debate
https://www.ft.com/content/bef48683-9bde-4ac2-8906-797779593b22
Gilead secures FDA approval for remdesivir
https://www.ft.com/content/07a321de-109b-46aa-99bc-f884e0ed7703
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US intelligence election warning, Apollo hit by Leon Black’s Epstein ties, report from Lagos
The US director of national intelligence has warned that Iran and Russia are attempting to influence American voters before the November 3 US election, Tesla delivered a fifth straight quarterly profit in the three months to the end of September, and one of the biggest US public pension funds has frozen new investments with Apollo Global Management over concerns regarding Leon Black’s connections to Jeffrey Epstein. Plus, the FT’s West Africa bureau chief,Neil Munshi, reports on the violent crackdown by security forces on peaceful demonstrators in Lagos.
US official warns of Iranian and Russian election interference
ft.com/content/82d92abf-2dd2-4fb6-8d0a-1f12f7aedcb4
Tesla delivers its fifth straight quarterly profit
https://www.ft.com/content/e782cac4-cbdf-4d39-986e-8b7b7971de1d
Apollo investor halts new commitments over Leon Black’s Epstein ties
https://www.ft.com/content/7aa15cae-0baf-488b-8713-c4dc29bf193c
Violent crackdown on Nigerian protests prompts outrage
https://www.ft.com/content/1e06b3c1-f453-4e7e-b71b-b0dba31faaa3
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Snap Inc rises on advertising, US Department of Justice takes on Google, big tech regulation
Snap posted record revenues and attracted the highest-ever number of advertisers to its platform in the third quarter, and the US Department of Justice has accused Google of suppressing competition in internet search. Plus, the FT’s west coast editor, Richard Waters, explains how the US and Europe are handling the regulation of big tech in very different ways.
Netflix subscriber growth slows as lockdown boost fades
https://www.ft.com/content/de870037-4859-4660-87c8-b6bba656bd02
Snap reaps the benefits of Facebook boycott fallout
ft.com/content/cb762955-10bb-4d1e-bfb3-87c4ecf9d915?
US election: Facebook’s political balancing act
https://www.ft.com/content/ebbf9be3-307b-4fdd-a582-069099e3096c
Nick Clegg: Europe should tear down digital walls not build new ones
https://www.ft.com/content/98cf847c-96f9-4558-9a30-7d72ea4e79c2
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Stimulus uncertainty, Conoco-Concho deal, China’s semiconductor push
US stocks slid on Monday as a deadline on US stimulus talks looms and coronavirus cases continue to rise, and ConocoPhillips is betting on a post-pandemic oil recovery with its plans to buy Concho Resources for $9.7bn. Plus, the FT’s greater China correspondent, Kathrin Hille, explains why Chinese companies of all stripes are rushing into the country’s semiconductor industry.
US stocks slide as stimulus deadline looms
https://www.ft.com/content/6c0fd8ae-618e-42e9-8537-b6f6a4558ac2
ConocoPhillips to buy rival Concho in $9.7bn deal
https://www.ft.com/content/1da54146-244a-4e42-a90d-415298db3866
Chinese groups go from fish to chips in new ‘Great Leap Forward’
https://www.ft.com/content/46edd2b2-1734-47da-8e77-21854ca5b212
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European double-dip recession concerns, Sunak dangles lockdown money, Brexit market
Economists worry rising coronavirus infections and fresh government restrictions will cut short the region’s recent recovery, and UK chancellor Rishi Sunak is preparing to release tens of millions of pounds to end a coronavirus restriction deadlock with leaders in Greater Manchester. Plus, investors are keeping a close eye on sterling as the Brexit transition period nears the end. The FT’s Katie Martin will take a look at Brexit’s impact on sterling and the markets.
Europe’s economy is sliding towards a double-dip recession
https://www.ft.com/content/700355e2-362c-4f9f-a24e-ddc9f6ea9cb0
Sunak ready to release ‘tens of millions’ to secure Manchester Covid deal
https://www.ft.com/content/68e8e775-e69c-492c-bef2-a1c2863f5167
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Remdesivir and Covid-19 deaths, Johnson set to force no deal, suburbanites in US election
The World Health Organization has found the Covid-19 treatment remdesivir does little to prevent deaths and Boris Johnson could push Brexit talks into crisis on Friday. Plus, the FT’s Washington bureau chief Demetri Sevastopulo explains why suburban women might be the key to victory when it comes to the US presidential election.
Remdesivir has little effect on Covid-19 mortality, WHO study says
https://www.ft.com/content/ee9b611f-2b4b-4572-afe1-b0b804d17a94
Summit ‘atmospherics not good’ as Brussels seen as dragging its feet on trade deal
https://www.ft.com/content/252d3ea4-0ddf-498b-b993-59c13b0de004
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Investors unimpressed by US bank earnings, Paris and The Hague team up on EU tech, Amazon logistics
France and the Netherlands jointly issued a call for the bloc’s competition authorities to take pre-emptive measures against big tech companies, and investors have been unimpressed by recent US bank earnings despite lower loan loss provisions. Plus, the FT’s Dave Lee explains whether Amazon will be able to handle the logistical hurdles thrown its way this holiday season.
Falling interest rates drag on Bank of America and Wells Fargo profits
https://www.ft.com/content/8b8a4bec-6d28-462e-a18f-73b4856e1fc7
Amazon braces for winter of demand with relentless expansion
https://www.ft.com/content/9cd8038e-b38c-40d6-b2db-8f6e01cd166a?
France and Netherlands join forces to back EU move against tech giants
ft.com/content/4a9ed79e-c8c8-4b47-8055-1cd029541c32
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WTO Boeing-Airbus ruling, IMF’s warning, short-sellers target pandemic winners
The EU has been given the green light to hit almost $4bn of US goods with punitive tariffs in retaliation for illegal state aid to Boeing, and the IMF said the coronavirus crisis will wreak “lasting damage” on people’s living standards across the world. Plus, some hedge funds are betting that the best days for the stock market’s coronavirus winners are in the past.
EU given green light to hit US with tariffs in Airbus-Boeing ruling
https://www.ft.com/content/3198d2ef-c3bb-44b9-a1e0-b27d9c1483de
Pandemic will cause ‘lasting damage’ to living standards, IMF warns
https://www.ft.com/content/8b286455-d9ed-42a9-b933-5a1d3f4f08b2
Hedge fund short sellers target pandemic winners
ft.com/content/0a14e904-5fac-41bd-a9b4-a8a588db15c5?
Apple enters the 5G market with new line of iPhones
https://www.ft.com/content/eac7ed4b-5fb4-4f0e-944d-f5f61300bd12
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US equities taking election polling to heart, US banks kick off earnings season, UK lockdowns
US stocks built on last week’s rally with investors assessing US presidential election polls that show a strong lead for former vice-president Joe Biden, and unemployment looks set to hit the UK’s youth the hardest with the country’s economy facing a sharp slowdown. Plus, the FT’s US finance editor, Rob Armstrong, explains why US banks might suddenly be hoping for a Democratic wave and what their most recent earnings could look like.
Wall Street rallies as angst over contested US election wanes
https://www.ft.com/content/1dcbbed2-6d9e-4898-98bf-00e98a19eb5b
Five things to watch in US bank earnings season
https://www.ft.com/content/2604ab01-c562-4601-a8d6-921825a9e4ae
UK’s youth count the cost of the Covid pandemic
ft.com/content/1220ba66-de09-4507-8616-ef112cd2c109?
Samuel Brittan, economics editor, 1933-2020
https://www.ft.com/content/b763bf06-3fc2-4e95-9fe6-a17acf3d8f3b
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EU targets Big Tech with ‘hit list’, EM countries call for ambitious debt relief, EU countries on Brexit progress
EU regulators are drawing up a “hit list” of up to 20 large internet companies that will be subject to new and far more stringent rules, and government ministers of poor and indebted nations plead for more ambitious debt relief programmes. Plus, FT’s Brexit editor David Bond speaks with Sam Fleming and Victor Mallet about how European countries are viewing the progress of Brexit talks.
EU targets Big Tech with ‘hit list’ facing tougher rules
ft.com/content/c8c5d5dc-cb99-4b1f-a8dd-5957b57a7783?
Emerging economies plead for more ambitious debt relief programmes
ft.com/content/edb18d34-844b-43b5-a78a-fec73f1d0583?
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A new cold war, whiskey in days
Tensions between Washington and Beijing reflect a shift in how America views Asia’s superpower. We'll look at how both Joe Biden and Donald Trump are handling China in the presidential campaign. Plus, why a Silicon Valley start-up has decided to disrupt whiskey.
How the US elite became hawks on Xi’s China
https://www.ft.com/content/75ce186e-41f7-4a9c-bff9-0f502c81e456
Silicon Valley start-up launches ‘Nespresso machine’ for whisky
https://www.ft.com/content/3926e3bf-352b-4c47-8acb-d9b47dfa11cb
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Lilly Covid drug, Vatican derivatives, UK mining corruption probe
Eli Lilly, a US drugmaker, has applied for an emergency authorisation of its Covid-19 antibody in the US. According to documents seen by the Financial Times, the Vatican invested donations for the needy in derivatives that bet on the creditworthiness of Hertz. And the FBI picks up the case of two men found dead in a hotel room in Missouri; British prosecutors had seen the men as potential witnesses in a corruption probe into the multibillion-dollar mining house, Eurasian Natural Resources Corporation.
Lilly seeks emergency approval for Covid drug
https://www.ft.com/content/dc7d2abf-1cd2-40db-b040-27b3d9031e8b
Vatican used charity funds to buy Hertz credit derivatives
https://www.ft.com/content/f966e8b4-945a-45d0-8391-a305b3d8f7f5
Silent witnesses: what do three corpses have to do with a corruption case?
https://www.ft.com/content/7dc13ec9-721c-41a7-8423-daeb9a743e9a
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US stimulus talks end, Macy’s buys stake in Swedish fintech
Donald Trump abruptly broke off talks with congressional Democrats on a new fiscal stimulus package until after next month’s presidential election, and economists estimate the coronavirus pandemic has put millions more workers across the developed world out of jobs than official unemployment statistics suggest. Plus, why US department store chain Macy’s is set to take a stake in Europe’s highest valued private fintech.
Trump calls off stimulus talks
https://www.ft.com/content/9f130c9c-fb1e-4d05-8864-1c8ac08c54bb
Hidden joblessness threatens economic recovery in US and Europe
https://www.ft.com/content/ec3d88dc-0dc1-4f6e-adf7-37e8f4316a22
Macy’s takes stake in Klarna as part of payment partnership
https://www.ft.com/content/c2a26072-8c45-4ce3-9249-bd5b856bbe1c
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Trump returns to White House, a fight over lithium batteries
Donald Trump returned to the White House on Monday evening after three days of hospital treatment for coronavirus, although his doctor warned that the president was not yet “out of the woods”. Plus, the IMF is instructing rich countries to spend on infrastructure, and a court case over trade secrets between two South Korean companies could affect the future of electric cars in the United States.
Donald Trump returns to White House after three days in hospital
https://www.ft.com/content/4909a63c-8f7d-4621-9fba-73b5dac2ee5c
IMF calls on rich nations to boost public investment
https://www.ft.com/content/fc7ad858-0fdd-401e-bce5-796a8353ba30
Stakes are high in bitter battle over battery secrets
https://www.ft.com/content/98678ea4-7eba-4873-8815-47b0efe7c9df
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Trump’s Covid-19 case prompts questions, financial services in a post-Brexit world
Donald Trump’s doctors said the president could be discharged from hospital today, after a weekend of mixed messages from the White House concerning Mr Trump’s health. Plus, the FT’s Brexit editor, David Bond, talks with the FT trading room editor Philip Stafford about what financial services will look like after Brexit.
Trump’s doctor says he could be out of hospital on Monday
https://www.ft.com/content/f331c9b9-6f2b-4cd5-831c-00cc10929940
Brexit and the City: Brussels’ new battle to rival London in finance
https://www.ft.com/content/dd7e6828-f603-47bf-bdd7-61e9dcb5f9ac
Brussels’ next financial policy chief warns of Brexit frictions
https://www.ft.com/content/d80ccc42-9156-4f9f-a103-6a8faa33014b
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Trump tests positive for Covid-19, EU sues UK over internal market bill, Trump & Biden compete over Ohio
Donald Trump and his wife Melania have tested positive for Covid-19 and will start quarantine barely a month before the US presidential election, US personal income dropped by 2.7 per cent in August after the lapse of emergency unemployment benefits, and Brussels is suing the UK over plans to violate last year’s Brexit withdrawal agreement. Plus, the FT’s Washington bureau chief Demetri Sevastopulo explains why Ohio might be the key to the US presidential election.
US personal income falls after lapse of Covid benefits
https://www.ft.com/content/314c74e3-984c-4bde-bb03-8a05622be305
Brussels launches legal action against UK over Brexit deal breach
https://www.ft.com/content/8389cc9c-3ced-47f1-a85e-710ad20468a2
The battle for Ohio: Trump tries to retain edge with working class
https://www.ft.com/content/8d3e2e6f-3f40-4d1c-905f-b2dd416d055d
Biden vs Trump: who is leading the 2020 US election polls?
https://ig.ft.com/us-election-2020/
Playboy returns to public markets through Spac deal
https://www.ft.com/content/d79065d3-b6d4-4991-9033-d48dcc383c68
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Moderna CEO: no vaccine before US election, digitising Japan’s economy, west’s gold investment
Moderna Therapeutics’s chief executive told the Financial Times that the company would not have a vaccine ready before the US election, and Japan adjusts for a digital economy. Plus, the FT’s metals and mining correspondent, Henry Sanderson, explains how western investors’ interest in gold is driving up its price.
Moderna chief says its vaccine won’t be ready before US election
https://www.ft.com/content/9b242ecc-3dce-4534-9171-cdf624468a2a
Japan’s digital leap forward — and about time too
https://www.ft.com/content/5b8c7ee3-2981-4446-92af-6a8499302210
The new gold rush: western investors offset soft eastern demand
https://www.ft.com/content/8a53dbaf-8210-4c60-8753-e3018fa1b1e1
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US presidential debate recap, EY’s Wirecard warning, JPMorgan spoofing settlement
The first presidential debate quickly turned chaotic, and JPMorgan Chase will have to pay $920m in the largest ever spoofing settlement. Plus, the FT’s Olaf Storbeck uncovers that EY was made aware of potential wrongdoing at Wirecard as far back as 2016.
Joe Biden and Donald Trump clash in ill-mannered presidential debate
https://www.ft.com/content/c77fa4ff-3278-4258-9033-8b62adcdbba5
EY whistleblower warned of Wirecard fraud four years before collapse
ft.com/content/3b9afceb-eaeb-4dc6-8a5e-b9bc0b16959d?
JPMorgan to pay $920m in largest-ever spoofing settlement
https://www.ft.com/content/f2c918c2-2659-4513-8851-cc40379d4840
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Monday’s global equity market rebound, US voter suppression, 60/40 portfolio
European stocks lead a global rally on Monday driven by investors scooping up shares in beaten-down sectors, and Donald Trump is beating back allegations of tax avoidance and voter suppression ahead of tonight’s US presidential debate. Plus, the FT’s Michael MacKenzie will explain why investors are rethinking the traditional 60/40 portfolio.
Financials lead global equity market rebound
https://www.ft.com/content/f189b5b1-1e08-4ff1-9994-f1c89d9c1a79
Biden portrays Trump as tax dodger after new revelations
https://www.ft.com/content/68c6f5a0-2080-4f60-8dec-9043a590c838
Investors wonder if the 60/40 portfolio has a future
https://www.ft.com/content/fdb793a4-712e-477f-9a81-7f67aefda21a
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Argentina bonds back in hot water, Swiss immigration vote, Scottish independence
Argentina’s newly restructured dollar bonds have slumped in value less than a month after a deal was finalised to postpone debt payments, and Swiss voters have defeated a nationalist initiative to tear up their free-movement agreement with Brussels. Plus, the FT’s Mure Dickie explains how Scotland’s push for independence is influencing Brexit talks.
Argentina bonds ‘back in hot water’ just weeks after restructuring deal
ft.com/content/fd786d9b-18b4-4ed3-a531-6af3d2eb5c24?
Nicola Sturgeon revives plans for second Scottish independence vote https://www.ft.com/content/0f0ecf40-f30a-482e-9902-d74276bdc43f
Swiss voters reject nationalist proposal to curb immigration
ft.com/content/5a642ce6-1a76-460c-9857-b880b0fb7bc0
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US Supreme Court nomination, Trump will not commit to a peaceful transition of power
The FT’s DC bureau chief Demetri Sevastopulo explains the politics behind Donald Trump’s soon to be revealed Supreme Court justice nominee. Plus, why Donald Trump will not commit to a peaceful transition of power and a preview of next week’s first presidential debate between Trump and Democratic nominee Joe Biden
How Trump’s Supreme Court pick could reshape law on abortion and guns
https://www.ft.com/content/de654768-67f5-482d-893b-24107b45113b
Donald Trump steps up fight over Supreme Court nominee
https://www.ft.com/content/a08b21d4-3745-4aa2-83de-04a06013d026
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EU to crack down on sweetheart corporate tax deals, TikTok injunction, Turkey central bank
Brussels steps up its campaign against sweetheart corporate tax deals in the EU, TikTok has asked a federal judge to prevent the Trump administration from blocking downloads of the video-sharing app, and the pandemic caused workers around the globe to lose more than $3.5tn of income. Plus, Turkey’s lira is struggling despite the government’s best efforts to lift the currency. The FT’s Laura Pitel explains if the country’s central bank can do anything about it.
Brussels ready to clamp down on sweetheart corporate tax deals
ft.com/content/7c156756-57a1-4554-af78-d795a41d13f9?edit=true
TikTok requests injunction against ban deadline
https://www.ft.com/content/e8c5cb67-f16b-4790-8617-f142f4dc013a
Pandemic knocks a tenth off incomes of workers worldwide
https://www.ft.com/content/fabd4737-fa29-45ca-ad62-1b04c71d7b6a
Lira sinks even as Turkey spends billions of dollars to prop it up
https://www.ft.com/content/737b5d1a-64d0-4e2d-8ca1-e7bcd4ff4487
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Advertisers call truce with Facebook, coronavirus job toll, BoE on negative rates in near future
Facebook, YouTube and Twitter have reached a deal with big advertisers on harmful content, the Covid-19 pandemic will destroy at least 100m jobs worldwide this year and the Bank of England rules out negative interest rates in the near future. Plus, the FT’s Brussels bureau chief, Sam Fleming, explains how the European Union is preparing its financial centers once the UK leaves the bloc.
Advertisers strike deal with Facebook and YouTube on harmful content
ft.com/content/d7957f86-760b-468b-88ec-aead6a558902?
Andrew Bailey rules out UK negative rates in near future
https://www.ft.com/content/ecc4a23d-f175-41e9-8f07-852dbe03d062
Brexit and the City: Brussels’ new battle to rival London in finance
https://www.ft.com/content/dd7e6828-f603-47bf-bdd7-61e9dcb5f9ac
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Stocks dive on Monday, Tiffany gets speedy trial, Tesla’s annual stockholder meeting
Global stocks suffered a heavy hit on Monday in a rush of nerves about potential new Covid-19 lockdowns, and LVMH’s attempt to walk away from its $16.6bn takeover of Tiffany will go to trial in January. Plus, the FT’s Richard Waters will explain what is in store for Tesla’s Battery Day today and whether the car company can fight off the competition.
Global stocks sink on fears of new Covid lockdowns
https://www.ft.com/content/7da536fa-1e96-461c-8172-4aa6c5a8fa8e
Tiffany gets speedy trial over LVMH’s bid to ditch takeover deal
ft.com/content/e7b7f86b-28c7-4cec-a282-7e8dee63e425?
Beyond the market hype: Tesla tries to expand its lead in batteries
https://www.ft.com/content/2e5731a1-c7ac-4f3e-ba0a-d9bae5b7fa67
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UK weighs new lockdown, ECB measures bond buying program, Trump on Chinese tech
Rishi Sunak is set to extend the Treasury’s UK-wide programme of business support loans ahead of what’s expected to be a challenging winter for Covid-19, the European Central Bank has launched a sweeping review of its main pandemic crisis-fighting tool, and Donald Trump has said that the new Oracle-ByteDance partnership will finance a “patriotic” education fund. Plus, the FT’s US energy editor Derek Brower will explain whether the poisoning of Russian activist Alexei Navalny will affect the completion of the Nord Stream 2 pipeline.
Sunak to extend business support loans as Covid-19 spread worsens ft.com/content/dfdff1fd-503a-4231-812f-40be4cc4c2b7?
ECB to review flagship bond-buying tool in fighting Covid crisis
https://www.ft.com/content/8ff55eff-ed3a-49db-b26a-2f49fa7822d4
Doubts surround ‘education fund’ at heart of US TikTok deal
https://www.ft.com/content/4a9bb9aa-45e3-43b2-9759-3313751ffc8b
EU gas groups exposed as pipeline politics threaten Nord Stream 2
https://www.ft.com/content/2c713b40-ae7f-47a7-b050-e91ca0879c8f
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ByteDance pledges TikTok IPO, Mulvaney on Brexit, Biden tries to win with Latino voters
ByteDance has agreed to list TikTok on a US stock market at some point after its proposed partnership deal with American software group Oracle, and Donald Trump ’s special envoy to Northern Ireland has warned against creating a “hard border by accident”. Plus, the FT’s Demetri Sevastopulo explains why Democratic US presidential nominee Joe Biden is struggling with Latino voters.
ByteDance proposes US IPO for TikTok to woo White House
https://www.ft.com/content/8d2c74d6-d742-4fa9-b7cf-5af9bb85af6b
Trump’s Northern Ireland envoy issues border warning
ft.com/content/e71b7301-4b35-4a13-bee2-f9446b438e05
Biden struggles to close enthusiasm gap with Latino voters
ft.com/content/a8d65f78-6656-4ed5-a908-695a8be54f48
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Fed eyes low rates until 2023, Trump calls for stimulus, Snowflake IPO
The Federal Reserve projects no interest rate increases until at least the end of 2023, and US President Donald Trump has urged Senate Republicans to increase the size of their stimulus proposal. Plus, the FT’s Miles Kruppa explains the excitement behind cloud computing company Snowflake's initial public offering.
Fed signals rock-bottom rates until at least end of 2023
https://www.ft.com/content/827302da-4257-4bbc-a0fa-9bc98f65d661
Trump nudges Republicans to increase economic stimulus offer
https://www.ft.com/content/e7228443-36ad-4fe9-aa2c-2d0ddefda12b
Snowflake doubles in first trades after largest-ever software IPO
https://www.ft.com/content/eb8e37c9-b4a5-4b4c-a3cf-2eeac98a8f2b
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TikTok set to become standalone US company, central banks preview, Nikola fights off fraud claims
ByteDance will place TikTok’s global business in a new US-headquartered company with Oracle investing as a minority shareholder, FedEx delivered a forecast-beating fiscal first quarter on the back of strong demand for international shipping, and investors will look to the Federal Reserve’s policy-setting committee today for more detail on the central bank’s new inflation policy. Plus, the FT’s motor industry correspondent, Peter Campbell, explains how truckmaker start-up Nikola is defending itself after a short seller’s report claimed the business was an “intricate fraud”.
TikTok set to become a standalone US company to satisfy White House
https://www.ft.com/content/58eb7c26-2154-477f-af19-19157ae29261
FedEx results deliver as pandemic drives ecommerce boom
https://www.ft.com/content/86e2dc79-e662-3d6f-8252-4ff5fe979fdd#post-54430
US Justice Department inquires into Nikola fraud claims
https://www.ft.com/content/a45a6638-167b-4e27-a9fd-576e7229f959
Germany to take in 2,750 migrants from Greek camps
https://www.ft.com/content/50be2fb8-215e-4780-8ece-3163e9ed0819
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White House reviews TikTok deal, Nvidia’s Arm Holdings deal, VW on ‘Dieselgate’
The Trump administration will review the “technical partnership” deal struck between Oracle and ByteDance before deciding whether to approve the agreement, Nvidia’s $40bn agreed purchase of Arm Holdings gives the US company control over a technology that powers everything from mobile devices to data centres, and a Volkswagen executive claims scandals such as “Dieselgate” could no longer pass undetected at Volkswagen. Plus, the FT’s venture capital correspondent, Miles Kruppa, explains what the Trump Administration is considering as it reviews the partnership agreement between ByteDance and Oracle.
Trump administration to review Oracle’s TikTok deal this week
https://www.ft.com/content/0ccd4a25-381f-46a7-a9e6-ee12ecf1aa88
Nvidia secures control of key global tech with $40bn Arm deal
https://www.ft.com/content/5bc5d0dc-24cd-407f-9fde-0d38c157d833
Dieselgate could not happen again, VW executive claims
https://www.ft.com/content/777cee39-f811-47d5-9841-5952f9a8bab7?
Carlos Ghosn’s deputy goes on trial in Japan
https://www.ft.com/content/03d8a98b-07b1-4d33-b837-64f065446448?
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SoftBank take-private talks, Netflix to outspend on content, economic stimulus in Germany vs France
SoftBank executives have revived discussions about taking the technology group private, and Netflix is expected to outspend all its major rivals on entertainment content this year. Plus, the FT’s Europe editor, Ben Hall, explains why France and Germany took different approaches to Covid-19 stimulus and why France’s might be considered more of a gamble.
SoftBank executives revive talks on taking Japanese group private
ft.com/content/a83648a9-62fe-41d2-88e4-870fb2665b60?
Netflix to take crown for spending on films and television
ft.com/content/7d66dd4c-440c-44d3-a234-39346fb69a91?
France launches €100bn coronavirus recovery plan
ft.com/content/0921c871-17b5-4e2e-bdea-aab78c2d0090
Germany’s ‘ka-boom’ stimulus marks a surprising change
https://www.ft.com/content/29ddcad4-aa2c-11ea-a766-7c300513fe47
Oracle wins bidding war for TikTok’s US operations
https://www.ft.com/content/4860ec09-212b-45c2-9cc3-27f731816130?
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Brussels threatens UK with legal action, Citi’s new CEO, Japan PM favourite
Brussels has threatened legal action over the UK Brexit treaty breach, and Citigroup will become the first big Wall Street Bank to be run by a female chief executive after appointing Jane Fraser as Mike Corbat’s successor. Plus, the FT’s Tokyo Bureau chief, Robin Harding, will give us a glimpse of what Japan might look like under prime ministerial frontrunner Yoshihide Suga.
Citi becomes first big Wall Street bank to be run by female CEO
https://www.ft.com/content/029264f1-f9a6-44c4-aa3e-86c7d50e3b55
Suganomics’ from A to Z: policies of Japan’s PM frontrunner
https://www.ft.com/content/4741f081-cc97-4a46-bdcf-50cdb6336808
Russian hackers are targeting both US parties, Microsoft says
https://www.ft.com/content/29476d87-0eab-4d2b-b3a6-58e3536807ef
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Wall Street keeps investing in China, ECB to discuss strong euro, LVMH vs Tiffany
Some of Wall Street’s most powerful financial institutions are striking deals in China even as relations sour between Beijing and the US, and the European Central Bank will address the strong euro situation...without using its most effective tool. Plus, the FT’s James Fontanella-Khan on why LVMH says it can no longer complete a $16.6bn deal with US jewelry company, Tiffany.
Wall Street brushes off political tensions to dig deeper into China
https://www.ft.com/content/01f92c8b-11dc-431c-adaf-c299e3964ff1?
ECB will struggle to rein in the euro, say investors
https://www.ft.com/content/5d935f19-9891-48bb-bfbf-482818de8b63
LVMH says it cannot complete Tiffany takeover after France intervenes https://www.ft.com/content/a3dcc777-ab12-4ee9-a147-54de1ac0f7e7
The FT’s New Economic Reality event https://nersciencemarkets.live.ft.com/home?segmentId=dc611fd0-c193-49f1-dc6a-217255a89d6c&utm_campaign=FEEAK
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Apple countersues Epic Games, Slack revenue growth slowdown, Brexit friction
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How the world has changed six months into the coronavirus pandemic
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US tech stocks volatility, Apple’s commits to free speech and human rights policy, US space weapons
The technology stocks that have powered US equities to record highs this summer went into sharp reverse on Thursday, and Apple has for the first time published a human rights policy that commits to respecting “freedom of information and expression”. Plus, the FT’s Katrina Manson will explain why the US military is eyeing a new generation of space weapons.
US shares slide 3.5% as tech stocks go into sharp reverse
https://www.ft.com/content/acbd4efd-e8ef-4d16-bf0c-83fc4df83601
Apple commits to freedom of speech after criticism of China censorship
ft.com/content/a88f5d3d-0102-4616-8b3f-cb0661ba305d?
US military officials eye new generation of space weapons
https://www.ft.com/content/d44aa332-f564-4b4a-89b7-1685e4579e72
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ECB worries about strong euro, DHL warns of vaccine delivery issues, KKR eyes Japan
The euro’s rise has top policymakers at the European Central Bank worried, German logistics giant Deutsche Post DHL has warned that two-thirds of the world’s population is unlikely to have easy access to any Covid-19 vaccine that needs to be kept frozen, and KKR is doubling down on its operations in Japan. Plus, the FT’s Demetri Sevastopulo explains why US president Donald Trump is toning down his rhetoric on US-China trade issues.
Rising euro has ECB worried about falling prices
ft.com/content/c986281c-7154-48ac-939d-50e46d64c0ee?
DHL warns of Covid-19 vaccine delivery problems
ft.com/content/52d40ce8-4f6b-4068-8c48-b98fa0f7740b?
KKR homes in on Japan as cash-strapped companies offload assets
ft.com/content/d59ea8fd-549c-4b0f-b558-e34f53b18f7d?
Why Trump no longer talks about the trade deficit with China
ft.com/content/081e6d25-8d67-4caa-918a-2765a66f0052?
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Investors brace for choppiness ahead of US election, Scottish independence, weak US dollar
Traders ratchet up bets on a particularly turbulent US presidential election and a potentially messy aftermath, Nicola Sturgeon revives plans for a possible second Scottish independence referendum, and black former McDonald’s franchisees are suing the fast-food group over discrimination allegations. Plus, the FT’s economics editor, Chris Giles, explains how a weak US dollar is affecting the global economy.
Investors gird for choppy markets as race for White House heats up
ft.com/content/9ed5be3b-ecfb-4485-a8ff-4b80ee40de5b
Nicola Sturgeon revives plans for second Scottish independence vote
https://www.ft.com/content/0f0ecf40-f30a-482e-9902-d74276bdc43f
McDonald’s accused of discriminating against black franchisees
https://www.ft.com/content/86b89841-4428-4031-9b6d-6341bf6f7cad
Global economy unlikely to benefit from falling dollar
https://www.ft.com/content/83c16626-f617-4bb3-872e-fd6723a36c11
Google and Apple build contact tracing app https://www.ft.com/content/0ed38c49-fafe-4e7b-bd57-44c705ba52f7
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Argentina debt holders greenlight restructuring, Lebanon’s new PM, European contact tracing woes
Argentina has succeeded in restructuring almost all of its $65bn debt with private creditors, global equities enjoy their best August since 1986, and Lebanon appoints Mustapha Adib as the country’s next prime minister as French president Emmanuel Macron visits Beirut. Plus, the FT’s Donato Paolo Mancini explains why Europe’s contact tracing efforts are struggling.
Argentina clinches near-unanimous backing for debt restructuring
ft.com/content/e3e8b783-9455-46f3-946f-15c31a29778b
Global equities complete hottest August since 1986
ft.com/content/b37fc114-57e2-4f5e-b4b4-e373dbcd58cc
Lebanon picks PM as Macron meets celebrated singer Fairuz
https://www.ft.com/content/eea244c3-39f7-4827-876f-46e1e28c7d8b
Europe’s fractured contact tracing linked to post-holiday Covid-19 surge
ft.com/content/86a818bb-a5d7-495c-98c8-6209f019ca71?
United Airlines scraps change fees for domestic tickets
https://www.ft.com/content/a686e554-1e9e-424d-9b6e-0df841f68bb6
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EU’s raw materials warning, Abe replacement, why Wirecard’s auditors failed
The European Commission plans to warn member states that the EU is overly reliant on importing critical raw materials, and Japan is getting ready to pick a new prime minister after Shinzo Abe announced he is resigning. Plus, the FT’s tax and accountancy correspondent, Tabby Kinder, explains why - despite auditors’ promises to change after the Wirecard scandal - things in the industry might stay the same.
EU sounds alarm on critical raw materials shortages
ft.com/content/8f153358-810e-42b3-a529-a5a6d0f2077f?
Japan set for new PM in weeks as Shinzo Abe’s party plans speedy vote
https://www.ft.com/content/343dac7a-8260-46cc-a0b2-a4e37ba595e0
PwC pledges to review fraud detection after Wirecard scandal shakes industry
https://www.ft.com/content/c7dfdff2-e834-434d-aa0c-7876dc04a9a5
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Walmart joins Microsoft in TikTok bid, Fed moves on inflation policy, US athletes sit out games
Walmart is partnering with Microsoft in its bid for the US operations of TikTok, and the Federal Reserve is adopting a new strategy for monetary policy that will be more tolerant of temporary increases in inflation. Plus, the FT’s Sara Germano explains how walkouts by professional US athletes are influencing the conversation about police brutality and racial injustice.
Walmart enters race for TikTok US with Microsoft partnership
https://www.ft.com/content/70551adb-7a6e-47a1-a6d1-070efaa957fd
Fed to tolerate higher inflation in policy shift
https://www.ft.com/content/e1e59faa-5005-4e1c-9d54-b1a8d4de9586
Black athletes boycott US sports leagues as protests escalate after Blake shooting
https://www.ft.com/content/c7bb647a-e5fb-4644-8446-9afb69a8e363
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WHO skips Wuhan, Phil Hogan resigns, Hurricane Laura, Jackson Hole preview
Western governments are concerned that a World Health Organization team investigating the origins of coronavirus did not visit Wuhan, EU trade commissioner Phil Hogan has resigned after a Covid-19 misstep, and Hurricane Laura is expected to wreak havoc on US oil refinery hubs near the Gulf of Mexico. Plus, the FT’s James Politi previews what this year’s all-virtual Jackson Hole central bankers’ symposium will look like.
Fears over virus probe rise after WHO team fails to visit Wuhan
ft.com/content/f9dea077-66fb-4734-9d1d-076dc93568e1?
EU trade commissioner set to resign after furore over Irish dinner
https://www.ft.com/content/f53a2bbc-97d6-484d-92e0-7907759cdd93
Hurricane Laura threatens to bring ‘unsurvivable’ surge to US Gulf
https://www.ft.com/content/86d7cac1-210e-49a9-a3ab-9b7b7bb5d8df
Central bankers face virus hit to global economy at crisis forum
https://www.ft.com/content/269eec67-1145-41b8-b97c-f43b293017fd
Learn more about the FTWeekend Festival here: https://ftweekend.live.ft.com/
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Covid-19 vaccine makers seek protections, US homebuilder stocks rise, Ant IPO
European vaccine makers want EU exemptions that would protect them if there are problems with new Covid-19 vaccines, and low interest rates have helped US homebuilder stocks surge to record highs. Plus, the FT’s James Fontanella-Khan explains why Ant Group chose to list its potentially record setting IPO outside the US.
Covid-19 vaccine makers lobby EU for legal protection
https://www.ft.com/content/12f7da5b-92c8-4050-bcea-e726b75eef4d?
Low rates help propel US homebuilder stocks to record highs
https://www.ft.com/content/9b54ab06-2d57-44a1-85c2-47c114589c22
Ant Group reveals $2.6bn profit as it files for blockbuster IPO
https://www.ft.com/content/b5f6fed2-2dcf-48dc-9097-a49bff5532dc
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India to cut Huawei gear from network, insurers bet on pandemic, US vaccine row
India is phasing out equipment from Huawei and other Chinese companies for its telecoms networks due to an escalating border dispute, investors have quietly poured billions of dollars into insurance companies this year betting on pandemic-driven returns, and there is a brewing debate over who will get first access to a coronavirus vaccine in the US. Plus, the FT’s Washington bureau chief, Demetri Sevastopulo explains how the Republican Party will handle Donald Trump’s legacy.
India moves to cut Huawei gear from telecoms network
ft.com/content/55642551-f6e8-4f9d-b5ba-a12d2fc26ef9?edit=true
Insurers bet that pandemic will usher in era of higher returns
ft.com/content/eda1cdd1-3c0a-4fe5-b41e-173a85da79d8
US braced for political row over who gets first Covid-19 vaccines
ft.com/content/13f40024-46d9-49d5-a1d9-4f5a68e674aa?
US election: a divided Republican party questions Trump legacy
ft.com/content/1521cb7b-44fe-47f3-bdac-92372a8ef129
Note: This episode has been updated. Wisconsin police shot and wounded Jacob Blake on Sunday.
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Trump considers fast-tracking vaccine, dividends fall in pandemic, Neiman Marcus bankruptcy fallout
The Trump administration is considering fast tracking a UK Covid-19vaccine for use in America ahead of the presidential election, and new research shows global dividends have suffered the worst quarterly fall in a decade. Plus, the US editor of the FT’s Lex column, Sujeet Indap, explains why a hedge fund manager is in hot water over the Neiman Marcus bankruptcy case.
Trump considers fast-tracking UK Covid-19 vaccine before US election
https://www.ft.com/content/b053f55b-2a8b-436c-8154-0e93dcdb3c1a
Global dividends suffer worst quarterly fall since 2009
ft.com/content/a136da68-4cc8-489f-9265-a719b11f75e6?
Hedge fund manager admits ‘grave mistake’ in Neiman Marcus battle
https://www.ft.com/content/084ba24b-a96b-4888-9bd4-c80001c0be07
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Huawei’s war, Chinese banks in Hong Kong, and the future of office workers
Huawei employees are becoming increasingly worried about lay-offs after the US announced “death sentence” sanctions, Hong Kong investment bankers employed by Chinese groups are on track to outnumber those in the territory from Wall Street and international banks, and working remotely could lead companies to outsource employees’ jobs.
Huawei employees worry about lay-offs after tougher US sanctions
https://www.ft.com/content/1fccedf5-bf88-45fe-9a39-2ac378571693
Chinese banks’ Hong Kong ranks on track to outnumber global rivals
https://www.ft.com/content/abbbfcec-736c-47ba-b106-b1bdafebd099
If you can do your job anywhere, can anyone do your job?
https://www.ft.com/content/fe5a7907-14b9-4e61-9938-ec3dd9d06831
Uber and Lyft win reprieve to keep operating in California
https://www.ft.com/content/6b28cb8a-da35-4f02-87cd-780984e6a3ad
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Apple hits $2tn, Germany fears zombie companies, Biden goes green
Apple has hit a $2tn market capitalisation just two years after it became the world’s first trillion-dollar company, concern is growing in Germany that a rule introduced as part of the country’s emergency response to coronavirus is fuelling the creation of thousands of so-called zombie groups that could end up sapping the economy for years to come. Plus, as Joe Biden prepares to accept the Democratic nomination for president, he’s putting green energy at the centre of his campaign.
Apple market value hits $2tn
https://www.ft.com/content/ef09a97a-fcea-44d7-a5c0-5dc67becf286
Germany haunted by spectre of zombie companies
https://www.ft.com/content/5d5d1bc1-61a3-46a9-915c-1a1e6f2e5fd2
Biden gambles on placing climate change at heart of US energy policy
https://www.ft.com/content/2ac477e7-34a4-4c0e-b9f4-018cef47d67d
Airbnb files for initial public offering
https://www.ft.com/content/a35a84b1-8177-40de-99d5-ca04d375cd3b
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Oracle considers TikTok, Putin and Belarus, and the rise of “blank-cheque companies”
Oracle has entered the race to acquire TikTok, EU leaders lined up to urge the Vladimir Putin to help steer Belarus out of its political crisis, and the US postmaster-general has reversed course on a series of controversial cost-cutting measures after Democrats claimed that they would hinder postal voting in the presidential election. Plus, a look at why special purpose acquisition companies are on the increase.
Oracle enters race to buy TikTok’s US operations
https://www.ft.com/content/272cfc69-b268-45ac-88d6-d55821f27e78
Putin warns western leaders over ‘meddling’ in Belarus
https://www.ft.com/content/f96fdf91-6826-4af2-923d-ff14947fcd15
US postal service delays cutbacks over election fears
https://www.ft.com/content/2fb59ebf-4e84-4ce6-ab8d-6f1a7dc1a058
Can Spacs shake off their bad reputation?
https://www.ft.com/content/6eb655a2-21f5-4313-b287-964a63dd88b3
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Belarus protests intensify, Robinhood raises more funds, drilling in the Arctic
Alexander Lukashenko, the strongman president of Belarus, fought for his political future on Monday as protesters called on him to “resign”, stock-trading app Robinhood raised new equity that values the company at more than $11bn, and the Trump administration has moved to open part of the Arctic wildlife refuge for oil drilling. Plus, the FT’s Anna Gross on the human and economic toll of climate change.
‘Resign!’ Belarus president booed by striking workers
https://www.ft.com/content/2b5d2e59-d50a-4a21-9708-605b1ddf90b1
Retail trading app Robinhood’s value tops $11bn on new fundraising
https://www.ft.com/content/b208cbbe-579c-4cbf-9358-01ae02b4381b
Trump moves to allow oil drilling in Arctic wildlife refuge
https://www.ft.com/content/58b4228f-15ce-40d2-b9bf-688357045b29
Rise in coastal flooding poses threat to global economy
https://www.ft.com/content/6f8fe212-b2e6-49f4-b6b5-c8143ac5392f
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Democrats probe post office, Italy’s economy shows signs of life, chocolate sales slump
Senior Democrats have called the US postmaster general to testify before Congress amid election fears, pharmaceutical group CureVac has ruled out selling a vaccine at cost, and Italy's businesses enjoy a better than expected rebound from coronavirus. Plus, the FT’s Emiko Terazono on why the decline of travel is bad for the chocolate industry.
Further reading:
Democrats call postal chief to testify in US mail voting row
https://www.ft.com/content/c0128915-ad28-4699-9d5b-9b0a65acaf2b
CureVac vows ‘ethical margin’ on price of Covid-19 vaccine
https://www.ft.com/content/83a418eb-96ae-4b71-b640-6873f315921f
Italy’s businesses enjoy ‘better than expected’ virus rebound
https://www.ft.com/content/73a36f20-bbd4-4d99-a1e9-685788cb9cd9
Choc waves: how coronavirus shook the cocoa market
https://www.ft.com/content/37aa0ac8-e879-4dc2-b751-3eb862b12276
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Israel and UAE peace deal, Trump vows to block postal vote funds, China treads cautiously
Israel and the United Arab Emirates have reached a historic peace deal, Donald Trump has threatened to deprive the US post office of money needed for postal voting in November’s presidential race, and Wells Fargo’s chief compliance officer, Mike Roemer, is leaving after two years of attempting to overhaul the bank’s internal oversight operations. Plus, the FT’s Christian Shepherd explains why China is treading cautiously in the face of US sanctions.
Israel and United Arab Emirates strike historic peace accord
https://www.ft.com/content/2712a625-e2d4-41f3-9ef1-536d0700cbb8
Donald Trump vows to block funding for US postal voting
https://www.ft.com/content/29dedf1b-a86e-4158-a41b-21bfe88585af
Wells Fargo’s chief compliance officer quits in risk overhaul
https://www.ft.com/content/ffeb7a3b-6908-4ea5-a848-841bad14297b
China treads cautiously in the face of US sanctions
https://www.ft.com/content/4084b0fb-6dc0-4090-a778-3e15694cfa1d
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SME’s lose big, UK GDP woes, remembering Sumner Redstone
Small and medium-sized US companies suffered a wipeout in profits in the second quarter amid the Covid-19 crisis, Lyft reported a 61 per cent drop in revenue in the same quarter but says it is seeing signs of a recovery, and Cisco warned of an even bigger drop-off in sales than it has experienced so far during the crisis. Plus, the FT’s Gavin Jackson reports on the UK’s latest GDP data. Then, we look back at the life of media mogul Sumner Redstone.
Lyft clings to signs of recovery after pandemic dents revenue
https://www.ft.com/content/938ea146-2699-4c2d-8511-e634d2d003f8?edit=true
Cisco sales warning raises spectre of broad IT spending decline
https://www.ft.com/content/f737c60e-d632-4eda-9e41-b181c3b5ca04?
Coronavirus makes for a brutal quarter for smaller US companies
https://www.ft.com/content/83d0c41f-be54-48e3-89fe-e78cda5f319c
UK economy suffers worst slump in Europe in second quarter
https://www.ft.com/content/c8b172e2-8f70-4118-9e81-423e9a4b6839
Sumner Redstone, media mogul, 1923-2020
https://www.ft.com/content/2414b9e4-5ef3-4e46-a760-9592f162e914
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Biden chooses Kamala Harris as VP candidate, questions on Kodak loan, Russia’s Covid-19 vaccine
Democrat Joe Biden has named Kamala Harris as his vice-presidential running mate, an Eastman Kodak board member donated $116m in company shares to an Orthodox Jewish congregation just before the stock price collapsed, and McDonald’s is suing its former chief executive, Steve Easterbrook, over sexual conduct allegations. Plus, Russia has become the first country to grant regulatory approval to a vaccine against Covid-19. The FT’s Henry Foy explains what this means for the global race to treat coronavirus.
Joe Biden names Kamala Harris as his running mate
https://www.ft.com/content/6b975742-3200-4a5c-902c-e6303f55da03
McDonald’s gets tough with former chief over fresh sexual conduct claims
https://www.ft.com/content/99718ee2-152f-4749-b8d7-db8065a20a39
Kodak board member donated $116m in shares to charity
https://www.ft.com/content/6e7494c4-56cd-4121-8027-ecfc9586958c
Russia to start mass use of its Covid-19 vaccine in coming weeks
https://www.ft.com/content/219b973f-c50a-4071-994f-cc4592d43e1b
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Uber and Lyft told to reclassify drivers, Goldman vs Fed, Sweden’s pandemic
A judge in California has ordered Uber and Lyft to reclassify their drivers as employees, and the Federal Reserve has turned down Goldman Sachs’ request for less onerous treatment after the results of its annual stress test. Plus, the FT’s Richard Milne explains why any labelling of Sweden’s approach to coronavirus might be an oversimplification.
Uber and Lyft told to treat drivers as employees in California
https://www.ft.com/content/051a319c-e599-4975-90ea-40211b6a1417
Fed denies Goldman’s appeal against stress test results
https://www.ft.com/content/ba208f8d-a388-4fe5-a01b-2cb030bb9a03
Sweden’s pandemic no longer stands out
https://www.ft.com/content/7acfc5b8-d96f-455b-9f36-b70dc850428f?
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Deals resurgence, aid to Beirut, internal pushback at Nike
A series of blockbuster deals has led a resurgence in M&A activity since the start of July, and international donors agreed to fund €250m in emergency aid for Beirut after a chemical explosion devastated Lebanon’s capital. Plus, the FT’s US sports business correspondent, Sara Germano, explains why a group of employees at Nike have asked management to publicly acknowledge the company’s own internal shortcomings on equality before promoting the ideal to consumers.
Megadeals lead M&A revival as big companies bulk up
ft.com/content/59378fea-79a9-4684-ae03-a41798a6245c?
Future of Lebanon and entire region at stake, warns Macron
https://www.ft.com/content/c44ff8e3-1715-499f-8d0e-6774a3d6b8aa
Black employees at Nike object to company’s new ad
https://www.ft.com/content/e8b4a2e3-e0cf-467a-890b-b64db664778a
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Uber Eats fails to offset ride-sharing collapse, Quicken Loans IPO, Microsoft bids for all of TikTok
A surge in Uber’s food delivery business was unable to offset a 75 per cent drop in global ride-sharing, Quicken Loans stock jumped 20 per cent in its first day of trading on Thursday, and an FT analysis of data made public by the Trump administration makes it difficult to discern whether the US Paycheck Protection Program was effective at saving jobs. Plus, the FT’s deputy Beijing bureau chief, Yuan Yang, explains why Microsoft’s position in China might give it an advantage in its takeover talks for TikTok.
Appetite for Uber Eats fails to offset ride-sharing collapse
https://www.ft.com/content/0f0cd5f1-f88d-44e1-8b6a-7b50e48118aa
Quicken Loans IPO: mortgage pioneer cashes in a big win
https://www.ft.com/content/4f7e583a-3327-42fd-80cc-81bde2339a9b
How many jobs were saved by the US small business bailout?
https://www.ft.com/content/fd288b21-3391-4881-95a3-6b860c007ec0
TikTok deal tests Microsoft’s decades of China experience
https://www.ft.com/content/b02d5324-07e6-48ac-b658-b8c400d9b4fc
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US lawmakers probe loan to Kodak, Zynga earnings, Biden spending
US lawmakers have launched an investigation into a $765m loan by the US government to Eastman Kodak, and two companies, Zynga and Etsy, reported strong quarterly earnings amid the pandemic. Plus, the FT’s Washington correspondent, Lauren Fedor, has some updates on how the campaign of presumptive Democratic presidential nominee Joe Biden is doing.
House Democrats probe $765m government loan to Kodak
ft.com/content/e4ab02ba-f8f7-4ca9-b881-9400ee612e18?
Zynga earnings boosted by lockdown gaming habits
https://www.ft.com/content/dfee19e3-1084-4d53-b522-99b6595281e7?
Joe Biden aims to outspend Donald Trump on TV ads ahead of US election
https://www.ft.com/content/012896c0-71ee-4081-a3a5-8b1ca864b214
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Beirut explosion, ETF gold spree, UK tax authority takes on General Electric
Dozens are dead and thousands injured after an explosion rocked Beirut, an income hit at Disney’s theme park has caused a knock on the company’s profits in the latest quarter, and an exchange traded fund holds more gold than some central banks. Plus, the FT’s Tabby Kinder explains why the UK tax authority, HM Revenue & Customs, is going after General Electric on fraud allegations.
Beirut rocked by massive explosion
https://www.ft.com/content/efb1426f-a80f-4b38-99c1-67a7a0823c4a
ETF becomes one of world’s biggest gold owners as investors flock in
ft.com/content/5316a714-6aa9-4919-ab29-96fab47cf2d4
Disney plans a digital debut for ‘Mulan’
https://www.ft.com/content/e39b07a9-edde-4dd3-9356-31bb11cd39e2
Why the UK tax authority is accusing General Electric of a $1bn fraud https://www.ft.com/content/02a6fa1b-8b62-4e1e-9100-fe620c8ec96c
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Trump reverses on TikTok, WTO candidates on judicial system, oil earnings
US President Donald Trump reversed course and dropped his opposition to Microsoft’s bid for TikTok, two leading candidates to head the World Trade Organization say US legal criticisms over dispute resolution are valid, and foreign aid groups combatting the coronavirus pandemic in North Korea have been forced to borrow money from its government. Plus, the FT's senior energy correspondent, Anjli Raval, tells us how oil companies are surviving the pandemic shock.
Register for the Energy Source talk, “Profit and Power in the Energy Industry”
Trump drops opposition to Microsoft bid for TikTok
http://ft.com/content/a1162b60-977d-400c-9758-edc4aa006f72?
Leading WTO candidates back US bid for dispute system reforms
ft.com/content/f4830e2b-df7b-474a-8104-6336992ca193
Aid groups borrow money from N. Korea in coronavirus fight
ft.com/content/057ec3d5-77ba-4db3-a1cc-1b2e60617094?edit=true
Shell and Total escape underlying losses on strong oil trading
https://www.ft.com/content/5df3596c-6b42-4270-85c4-c10834e80975
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US vows action on Chinese tech, William Spriggs on US labour market
The Trump administration has vowed to “take action” against Chinese software companies that it perceives as a risk to security. Plus, William Spriggs, a professor of economics at Howard University and chief economist of the AFL-CIO, explains how the pandemic is changing the US labour market.
US to widen action against Chinese tech groups beyond TikTok
https://www.ft.com/content/2eb1859f-ea08-4c7e-9bdd-a6712389a389
The Rachman Review: US economist William Spriggs on scars of the pandemic
https://www.ft.com/content/f80f8629-a84f-4ed8-abc2-bcf12cc92095
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US big tech companies report colossal earnings, US GDP down, companies cling to share buybacks
Facebook, Amazon, and Apple all reported stellar revenue increases in the latest quarter. The FT’s Richard Waters will explain what that means in the context of Wednesday’s US congressional big tech antitrust hearings. Then, FT US markets reporter Colby Smith will explain investor reaction to the worst contraction in the US economy in postwar history. Plus, corporate America is still clinging on to share buybacks despite the global recession.
Register for the Energy Source talk, “Profit and Power in the Energy Industry”
Apple revenues defy expectations despite store closures
https://www.ft.com/content/20d1ef26-2bf4-4900-85b2-08ef7c6d1ae1
US economy suffers sharpest postwar contraction in second quarter
https://www.ft.com/content/3ff15dc7-be90-4676-8121-5a868016c4bb
US companies cling to share buybacks despite collapse in profits
ft.com/content/1c924be0-5bc0-4eba-a088-b98b13080c04?
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Big tech hearings, Qualcomm-Huawei deal, 1MDB scandal
American lawmakers grill the chief executives of four US tech groups over unfair competition accusations, Qualcomm shares soared to a record high after the California chipmaker announced a royalty deal with Huawei on Wednesday, and the Federal Reserve extends measures to deal with the risk of an international shortage of dollars. Plus the FT’s opinion and analysis editor, Brooke Masters, explains how Goldman Sachs walked away from the 1MDB scandal relatively unscathed.
Big Tech bosses told they have ‘too much power’
https://www.ft.com/content/7c291a12-b87c-42a6-bd35-be961693c3e7
Qualcomm shares surge on Huawei deal and 5G progress
https://www.ft.com/content/0d266436-3377-49bb-867b-266939240685
Fed warns virus resurgence threatens economic recovery
https://www.ft.com/content/938a5387-778d-4f9e-8aed-53d2a332c7af
Goldman has done it again with its Malaysia deal
https://www.ft.com/content/03d5f3c8-3d0c-4afb-b3c5-3c5ed1c7cfe6
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Big tech antitrust hearings, Moderna prices vaccine, Fed extends emergency lending
Moderna is pitching its coronavirus vaccine at about $50 to $60 per course, the Federal Reserve has announced that it will extend emergency lending facilities, the European Central Bank has called on eurozone banks to continue to freeze dividend payments and Europe is bracing for another surge in coronavirus cases. Plus, the heads of Amazon, Apple, Alphabet and Facebook are set to appear together before Congress for the first time. The FT’s Lauren Fedor will explain what might come out of this hearing.
Big tech goes to Washington
https://www.ft.com/content/3e26d31f-9cff-4b3b-a971-02e16996c190
Moderna pitches virus vaccine at around $50-$60 per course
https://www.ft.com/content/405c0d07-d15a-4f5b-8a77-3c2fbd5d4c1c
Europe battles to contain surge in Covid-19 cases
ft.com/content/bcddc297-b7f2-444d-908f-54e8ce6f4f98?
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Investors fear US virus toll, MLB virus scare, European bank earnings
Senate Republicans unveiled a White House-backed plan for $1tn in new stimulus that would cut emergency unemployment benefits by two-thirds, the dollar weakened to a two-year low on Monday as coronavirus flare-ups weighed on investor confidence and Major League Baseball contends with a fresh coronavirus outbreak. Plus, the FT’s banking editor, Stephen Morris, will explain what lies ahead for European banks when it comes to loan losses and dividends.
Republicans unveil $1tn stimulus plan cutting jobless benefits
https://www.ft.com/content/3c6d86e9-93b4-41af-9803-046940cedf99?
Dollar sinks to two-year low on concern over US virus toll
https://www.ft.com/content/9d9fa97c-154f-46fb-affd-51f45a0de08a
US baseball league postpones games after outbreak hits Miami team
https://www.ft.com/content/12b00810-5b8c-4df0-b22d-cabe898770a3
Banks across Europe braced for further heavy loan-loss charges
https://www.ft.com/content/d42d735a-9aa3-454e-955a-3e0b22eda03d
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Republicans to unveil US stimulus offer, coronavirus curbs European travel, Brexit talks
Republicans are set to unveil their proposals for a fresh round of stimulus today, US oil companies have increased production following the price crash earlier in the year, and a surge in coronavirus cases have forced countries to curb European travel. Plus, the FT’s political editor, George Parker, will have an update on the progress of future relationship talks between the UK and EU.
Republicans prepare to unveil latest US stimulus offer
ft.com/content/3ced1ea5-6070-46ee-a946-dc18ad212bf7
US oil production wells up after Covid price crash
https://www.ft.com/content/9552bb8b-c23a-458d-b476-bbbbe4163bd2
Infection surges force countries to curb European travel
https://www.ft.com/content/584ee262-d539-40ca-b145-e42865f2bc6b
Michel Barnier warns ‘no progress’ made on key issues in Brexit talks
https://www.ft.com/content/14e6c44f-5573-46c1-8f4c-224747562c42
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Goldman seeks capital relief, Intel delays launch of next generation chips, US jobs recovery stalls
Goldman Sachs is pointing to its strong second quarter results in a pitch to the Federal Reserve for relief on its capital requirements, Intel shares dropped after the company said it was pushing back the launch of its next generation of chips, and as US lawmakers wrangle over the next economic stimulus package the US jobs recovery appears to be stalling. Plus, the search for oil can cost hundreds of millions of dollars. The FT’s senior energy correspondent, Anjli Raval, explains why the industry is scaling back.
Goldman touts ‘countercyclical’ trading in pitch for capital relief
ft.com/content/91b19416-6f3b-4e67-a309-857a61c6d494?
US labour market recovery appears to stall amid stimulus talks
https://www.ft.com/content/c9290574-ceef-4638-baf1-d27323992129
Intel warns of delays to next generation chips
ft.com/content/29e02e4f-df7f-49d7-8f94-00a5af481909?
The last frontier: oil industry scales back exploration
https://www.ft.com/content/85afd43a-cb3d-4e82-88b7-1f3a77dc2acb
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Tesla profit milestone, US vs China, ex-Wirecard CEO rearrested
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UK-US trade talks, Trump warns of virus worsening, Latin American debt concerns
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EU leaders close in on recovery fund deal, Testing crunch warning, US economic rebound halted
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Deadlock on EU recovery fund, Argentina’s plea to creditors, TikTok trouble
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US considers blacklist for TikTok, Netflix pandemic surge wanes, FBI investigates Twitter hack
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Twitter accounts hacked, US vs Nord Stream 2, Apple victorious in EU battle over Irish back taxes
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US steps up sanctioning powers against China, Moderna vaccine early results, US banks braced for loan losses
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EU to go after low-tax countries, California rolls back reopening plans, European summer tourism
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UK to curb Huawei’s 5G role, WeWork says it’s on track for profits in 2021, OCC warning
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Banks and the Hong Kong autonomy act, Wirecard’s Jan Marsalek, Boohoo scrutiny
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Interview with Christine Lagarde, UK business reacts to Sunak’s plan, US hits 3m Covid-19 cases
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Trump withdrawing from WHO, Italian mafia bonds, US offshore wind power
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Social media groups block HK authorities, PPP loans, day trading dangers
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Repairing the social and economic damage brought by the pandemic
Covid-19 has been a global shock. But will it be a transformative one? In this special edition of the FT News Briefing, the FT’s chief economics commentator, Martin Wolf, explains why the global free market era might soon be coming to an end for western democracies, and why he thinks politics, society and the economy should now revolve around the idea of citizenship.
Read Martin Wolf’s essay at FT.com/BigRead.
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UK wants final say on Virgin-O2 deal, retail goes digital in pandemic, US jobs
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July 4 virus spread concerns, EU looks into Google Fitbit deal, Hong Kong under new national security law
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Dealmaking down, UK business warns on Brexit trade talks, Wirecard’s real business
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Wall Street banks net record fees, Johnson channels FDR, remdesivir cost
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Chesapeake files for bankruptcy, Facebook ad boycott, Singapore’s new corporate structure
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Wirecard insolvency, Brussels to probe German regulator, Federal Reserve bans buybacks
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New Covid-19 cases hit US record, airlines tap debt markets, Bayer settlement
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Ex-Wirecard CEO arrested, Trump scales back environmental rules, the new bond monarch
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Trump expands US immigration restrictions, Apple pivots away from Intel, inside Wirecard
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Brexit optimism, coronavirus hits Senegal oil projects, targeting black unemployment in the US
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The inside story of a disgraced drugmaker
Executives from drugmaker Insys were the first from the pharmaceutical sector to be handed prison time for their role in America’s opioid epidemic earlier this year. The FT and the PBS series Frontline have investigated why the warning signs around the company were ignored for so long. FT pharmaceutical correspondent Hannah Kuchler tells Marc Filippino what they uncovered.
Read the story at ft.com/insys.
The PBS Frontline documentary, Opioids, Inc. is available for streaming online at PBS.org beginning Friday June 19, and will premiere on American PBS stations on Tuesday, June 23. For more information visit: https://www.pbs.org/wgbh/frontline/film/opioids-inc/.
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US backs out of tech tax talks, PE’s spending spree, Hertz halts share sale
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Global stocks stay optimistic on central banks, Royalty Pharma IPO, US police reform
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LGBTQ rights at work, EU unemployment, oil’s transition to cleaner energy
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SoftBank financing, White House on unemployment benefits, French industry
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Investors fear new Covid-19 wave, UK in border check U-turn, HSBC pressure
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Fed predicts no rate increase until 2022, Brazil vs Covid-19, Bumper CEO stock awards
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Brexit and the EU’s recovery, Vroom’s strong IPO, Fed’s forecast
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US stocks surge despite gloomy forecast, US police reform bill, oil industry’s cautious optimism
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Black Lives Matter protests go global, doubts over US jobs data
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Grantham sells stocks, ECB buys bonds, ESG vows in a pandemic
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Pentagon chief breaks with Trump, hydroxychloroquine, Warner Music IPO
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Companies react to protests, fear of Covid spike, Zoom’s surge
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Trump vows to deploy military to US streets
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US protestors demonstrate against police violence, EU recovery, US pensions
Protests swept across US cities over the weekend as demonstrators responded to the death of George Floyd, another black man who died by police brutality. The FT’s Claire Bushey and Lauren Fedor explain what has been happening at the local and federal levels. Plus, the European Union budget commissioner is calling on member states to back new taxes to help fund the coronavirus recovery, and how seven US public pension plans risk running out of money by 2028.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or go to https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.
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Trump’s social media order, UK opens door to Hong Kong residents, AstraZeneca’s transformation
Donald Trump said he had ordered a wide-ranging review of the law that grants social media companies immunity from legal action for content on their platforms, and the UK government has opened a path to citizenship for more than 300,000 Hong Kong residents in response to China's security crackdown. Plus, the FT’s industry editor, Peggy Hollinger, unpacks the turnround that propelled pharmaceutical group AstraZeneca to the industry’s front ranks.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or go to https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.
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Pressure on Hong Kong finance, Boeing’s resumes 737 Max production, EU’s €750bn plan
Boeing said it will resume production of the troubled 737 Max, just hours after announcing plans to dismiss more than 12,000 US workers. Meanwhile, Brussels has unveiled a plan to borrow €750bn to bankroll recovery efforts after the coronavirus crisis. Now it faces a critical few weeks for corralling member states to back the plan. Plus, the US will no longer consider Hong Kong autonomous from China. The FT’s US managing editor, Peter Spiegel, explains what this could mean for the global financial hub.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or go to https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.
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Investors eye recovery, $1tn in corporate borrowing, SpaceX test flight
Hopes of a quick economic recovery gave global stocks a lift on Tuesday. The FT’s Philip Stafford explains whether that optimism can be sustained. Then, a look at the highly rated companies, including Disney, Apple and ExxonMobil, that have borrowed a trillion dollars in the first five months of this year. Plus, Elon Musk’s SpaceX will send two Nasa astronauts to space today. The FT’s West Coast Editor, Richard Waters, will explain what this means for commercial ambitions in the final frontier.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or go to https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.
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Japan’s birth rate, contact tracing in India
Japanese couples are putting off parenthood over coronavirus concerns. The FT’s Tokyo correspondent, Kana Inagaki, explains what this means for a country already suffering from population decline. Plus, countries around the world are aiming to roll out contact-tracing apps as they seek to reopen economies. The FT’s South Asia correspondent, Stephanie Findlay, reports on India’s mandatory system.
Update: India’s contact-tracing policy has been loosened since our interview with Stephanie Findlay was recorded. Since then, India has issued clarifications saying that the Aarogya Setu app is not mandatory for plane travel, but passengers will have to fill out a declaration form when boarding a plane.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or follow this link: https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.
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Beijing’s legal force on Hong Kong, US retail, the future of higher education
The Chinese government is preparing to impose national security legislation on Hong Kong, and sales surged at the US retailers deemed “essential” by local authorities in the first quarter. Plus, the business of higher education is under threat because of coronavirus. The FT’s Andrew Jack explains.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or follow this link: https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.
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CDC director warns of second coronavirus flare-up, threat to mortgage-backed bonds
Robert Redfield, the director of the Centers for Disease Control and Prevention warns that the rapid spread of coronavirus in the southern hemisphere suggests it is likely to flare up in the US later this year. Then, the biggest shopping mall in America has fallen behind on mortgage payments that help underpin the $500bn mortgage-backed bond market. Plus, the FT’s Stephanie Findlay will explain how India’s pharma and chemical groups are jostling to take business from China.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or follow this link: https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.
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Facebook unveils online shopping venture, EU recovery fund, SoftBank’s future
Facebook has unveiled a shopping service that puts it in direct competition with Amazon and eBay, and a €500bn EU recovery fund put forward by Germany and France is facing some resistance. Plus, SoftBank announced a record $13bn annual loss earlier this week. The FT’s Tokyo correspondent, Kana Inagaki, explains what is next for founder Masayoshi Son.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or follow this link: https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.
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Moderna vaccine trial pleases investors, EBITDAC backlash, Huawei sanctions
Positive results from the first US Covid-19 trial raised investors’ hopes of an economic rebound, Chinese self-driving car start-ups have been accelerating pilot projects as US rivals sit idle, and bond investors have hit out at the growing trend of companies reporting “earnings before coronavirus”. Plus, the FT’s Kiran Stacey explains what the latest US sanctions against Huawei mean for the Chinese telecoms company’s survival.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or follow this link: https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.
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Powell on US recovery, Nomura to boost private market focus, Taiwan travel scheme
Federal Reserve chair Jay Powell has warned that the US economy may not “fully recover” until the end of 2021, Japan’s oldest brokerage firm, Nomura, is poised to unveil a new strategic focus on private markets, and the Taiwanese government and Stanford University are preparing a quarantine and testing regime for foreign travellers. Plus, the FT’s June Yoon explains how the hopeful era for South Korea’s film industry has been disrupted by the pandemic.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.
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The race for a vaccine, the story behind EBITDAC, BoE’s Bailey
The hunt for a coronavirus vaccine is central to global efforts to restart economies. The FT’s US coronavirus correspondent, David Crow, explains how nationalism could slow the fight against the pandemic. Plus, some companies are presenting a new customised metric they are calling ebitdac: earnings before interest, tax, depreciation, amortisation — and coronavirus. The FT’s markets reporter, Nikou Asgari, looks into whether it will stick. Then, the governor of the Bank of England, Andrew Bailey on the central bank’s response to the crisis.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.
You can watch the full Andrew Bailey interview from The FT’s Global Boardroom event here.
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Jay Powell calls for more fiscal stimulus, BMW’s dividend plan, CLO vulnerability
Federal Reserve chair Jay Powell said on Wednesday that additional fiscal stimulus may be “worth it” to shield the US economy from long-term economic damage due to the pandemic, meanwhile, OECD secretary-general Angel Gurría warned that rising debt levels would “come back to haunt us”. Plus, BMW is facing criticism for plans to make a dividend payout to shareholders despite requesting subsidies from the German government. Then, collateralised loan obligations, or CLOs, have boomed over the past decade. The FT’s capital markets correspondent, Rob Smith, explains why they could be vulnerable during the recession.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.
You can watch the full Angel Gurría interview from The FT’s Global Boardroom event here.
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Global economic outlook worsening, dealmaking in the pandemic, looming EM debt crisis
The global economic outlook is still worsening, according to IMF managing director Kristalina Georgieva. Plus, the FT’s corporate finance and deals editor, Arash Massoudi, reports on the latest deal to collapse amid the pandemic and the FT’s Colby Smith explains why the looming emerging markets debt crisis is expected to be messy.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.
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Flaw in mass testing, BP chief weighs in on oil, rental car groups under pressure
The head of an Italian biotech company that sells Covid-19 diagnostic and antibody tests told the FT that demand far exceeded supply as countries put mass testing at the centre of plans to ease lockdowns, BP’s new chief executive, Bernard Looney, said the coronavirus hit to crude consumption was likely to endure beyond the pandemic, and, as coronavirus takes a devastating toll on senior living homes, investors are being forced to recognise they are more than mere landlords. Plus, the FT’s motor industry correspondent, Peter Campbell, explains why fewer bookings is not the only reason rental car companies are hurting.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.
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UK airlines seek government aid, WeWork rent, renewable energy defies market turmoil
UK airlines demanded “urgent additional government support” on Sunday warning that Boris Johnson’s plans to introduce a 14-day quarantine for people arriving in the UK by air will exacerbate the crisis facing the sector. Plus, US businesses resuming operations after coronavirus lockdowns are confronting uncertain legal terrain over whether they are required to pay workers for time spent on health checks, and WeWork’s move to skip rent payments and renegotiate hundreds of its leases is rippling into the commercial mortgage market. Then, renewable energy is one of the few sectors that has managed to weather the devastating effects of coronavirus, with new deals and new records being struck, even while the rest of the world has been grappling with the pandemic. The FT’s environment and clean energy correspondent, Leslie Hook, explains.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.
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You might also be interested in a three-day digital conference hosted by the Financial Times. On 12-14 May, the FT will gather the most senior global decision makers and leading minds in policy, business, tech and finance for three days of online conversations with our top journalists – it's also free to join. Find out more at: https://globalboardroom.ft.com/.
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Food delivery boosts Uber sales, US jobs preview, the fashion industry under lockdown
Uber reported stronger than expected first-quarter revenues on Thursday thanks to a surge in food delivery; India’s richest man, Mukesh Ambani, has sold a stake in his digital services group Reliance Jio for a third time in three weeks. Plus, we will look at what to expect from the US jobs report for April. Then, without runways or retail, how is the fashion industry faring under lockdown? The FT’s fashion editor, Lauren Indvik, will explain.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.
--
You might also be interested in a three-day digital conference hosted by the Financial Times. On 12-14 May, the FT will gather the most senior global decision makers and leading minds in policy, business, tech and finance for three days of online conversations with our top journalists – it's also free to join. Find out more at: https://globalboardroom.ft.com/
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US-China trade, ECB to resist pressure from German court, Airbnb’s outlook
Donald Trump is weighing up more aggressive economic measures against China, The European Central Bank is expected to resist recent pressure from Germany’s constitutional court over its bond-buying programme, and first-quarter results from Lyft showed promising signals for the company’s target of profitability until the disruption of the coronavirus pandemic. Plus, Airbnb was expected to make its stock market debut this year. The FT’s San Francisco correspondent, Dave Lee, will tell us how it is thinking about the future as the travel industry deals with the upheaval from the virus.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.
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Disney’s $1.4bn hit, Beyond Meat boost, ECB called to justify bond-buying programme
Disney estimates that the coronavirus crisis wiped as much as $1.4bn from its quarterly operating profit, while Beyond Meat gears up for the price of its plant-based burgers to compete directly with real beef at the supermarket, and Germany’s constitutional court has called on the European Central Bank to justify its bond-buying programme. Plus, the FT’s global business columnist, Rana Foroohar, argues that economists will have to abandon their traditional way of thinking to deal with problems posed by the pandemic.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.
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Aviation industry under pressure, Argentina’s debt deadline, why Silicon Valley is surviving the ad crash
The aviation industry took another hit from the coronavirus crisis on Monday as GE cut 10,000 aerospace jobs, and Argentina debt holders doubled down on their opposition to the government’s plan to restructure its debt. Plus, as the coronavirus pandemic rages on, advertising costs are being cut from many corporate budgets. The FT’s Tim Bradshaw explains why Silicon Valley is surviving the ad crash.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.
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Banks get ready for bad loans, losses at Berkshire Hathaway, BlackRock’s influence
US and European banks are on track to book more than $50bn of charges on souring loans in the first quarter. Plus, the FT’s Eric Platt reports on Berkshire Hathaway’s annual general meeting, where Warren Buffett was the star of the show, and the FT’s deputy editor, Patrick Jenkins, explains how BlackRock’s small consultancy division came to have a growing influence on a number of governments.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.
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Amazon Covid-19 costs, Boeing taps bond market, UK recruits fruit pickers
Amazon has warned that coronavirus measures could cost at least $4bn in the next quarter and wipe out any gain from a jump in sales during the pandemic, and Boeing has tapped the bond market for $25bn to help weather a cash drain this year. Plus, the FT’s Judith Evans reports on a crisis building in the UK fruit farming industry.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.
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Fed’s ‘medium-term’ warning, Microsoft growth, Barclays loan provisions
The Federal Reserve has warned of lasting “medium-term” economic fallout from the coronavirus pandemic. The FT’s James Politi unpacks the central bank’s outlook. Plus, the White House praised Gilead’s remdesivir as a coronavirus treatment drug after the release of the findings from a new study, and Microsoft posted strong results in the latest quarter thanks to a jump in its cloud-related business. Then, the FT’s Stephen Morris reports on how Barclays fared in the first quarter as the bank announced a sharp increase in provisions for bad loans.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.
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Alphabet’s signs of recovery, Trump’s meat plant order, measuring inflation
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European bank earnings, coronavirus threat to call centres
US oil prices fell sharply on Monday after the world’s largest oil-backed exchange traded fund began offloading all of its short-term contracts, and investors in European banks are braced for significant loan-loss provisions as the sector reports quarterly earnings this week. Plus, the FT’s John Reed will explain why the Philippines’ coronavirus lockdown is causing pain for the country’s vast outsourcing sector.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.
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Covid-19 death toll, gap between financial markets and economy, Berlin’s reopening
An FT analysis found that the death toll from coronavirus may be almost 60 per cent higher than reported in official counts, and analysts are scrambling for explanations on the divergence between the flying stock market and the grim global economic picture. Plus, the FT’s Berlin bureau chief, Guy Chazan, explains how Berlin is fairing since the city’s shops reopened last week.
To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.
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Germany backs EU recovery fund, Gilead drug flops, Rana Foroohar on US austerity
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ECB to accept ‘fallen angel’ bonds as collateral, Covid-19 legal protections
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Oil market turmoil, Netflix adds 16m subscribers, future of aerospace
Global oil markets remained under intense pressure on Tuesday with the price of US crude oil for June delivery nearly halving and Brent dropping below $20 per barrel for the first time in 18 years. Meanwhile, the White House and congressional leaders agreed to a new coronavirus stimulus package which includes funds to replenish the small business rescue fund, and Netflix has emerged as one of the few corporate winners of the pandemic after adding more than twice as many subscribers as it had forecast last quarter. Plus, the FT’s industry editor, Peggy Hollinger, explains how the aerospace industry is being forced to adapt to a dramatic decline in air travel due to coronavirus.
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US oil prices plummet, Singapore oil trader scandal
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Small business aid deal, ECB bad bank idea, emerging market debt
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Trump’s reopening plan, coronavirus drug report, Macron on EU solidarity
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Eurozone debt, US economic data, China cuts key lending rate
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Airline aid, banks braced for credit loss, grim IMF outlook
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VC funding in China, Amazon jobs, oil under pressure
New figures show that venture capital funding in China rebounded in March after the country’s coronavirus outbreak, and Amazon has announced plans to hire 75,000 extra workers after hiring 100,000 new staff to handle coronavirus-induced demand. Plus, Anjli Raval explains why oil traders have doubts about the US-backed Opec deal to cut supply, and Rana Forhoohar argues that WeWork’s struggles illustrate what is to come in real estate markets in a post-coronavirus world.
You can find Rana’s columns at FT.com/rana-foroohar
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Inside Wuhan’s liberation, Japan on lockdown
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Wall St worries, Europe funding, Singapore relapse
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US stimulus, WeWork v SoftBank, Carnival bonds
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Investors gain hope, Italy isolated, Rana Foroohar
US stocks and global equities surged on Monday as investors took heart from signs that the coronavirus outbreak may be stabilising in some of the worst-affected countries. Plus, with a death count of more than 16,000 people and its economy on course to suffer the deepest recession in its modern history, Italy is wrestling with a lack of assistance from its European neighbours. The FT’s Miles Johnson explains that Italians are feeling betrayed by how some countries are responding to their plight..
Plus, the FT’s global business columnist, Rana Foroohar argues that private and public - but mostly private - sectors need to invest in broadband improvements as lockdowns cause internet usage to rise.
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Covid-19 on emerging markets, possible oil tariffs
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Oil price war, vaccines, banks on stimulus
Oil soared nearly 50 per cent at one point on Thursday in its biggest ever one-day rally after US president Donald Trump stoked hopes of a supply cut deal, German biotech groups are urging regulators to ease restrictions when it comes to testing a coronavirus vaccine, and bankers are raising doubts about whether the US government’s small business loan programme will begin today, as scheduled.
Plus, banks were admonished over their role in causing the 2008 financial crisis. The FT’s David Crow explains how banks can rehabilitate themselves in the coronavirus crisis by distributing unprecedented amounts of stimulus.
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EU rescue fund, coronavirus hits rents
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Gillian Tett on Fed dollar scheme, Covid-19 testing
The FT’s Gillian Tett unpacks the Federal Reserve’s latest move to meet the global demand for dollars, and science editor Clive Cookson explains how different countries are handling coronavirus testing and how the private sector could step in.
Plus, Donald Trump is set to suspend some tariffs for 90 days as he tries blunt the economic damage from the pandemic, the UK’s six biggest banks have bowed to pressure from Britain’s top financial regulator to suspend dividend payments, and as coronavirus reaches the developing world, a record 85 countries have approached the IMF for short-term relief in recent weeks.
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Amazon during Covid-19, Rana on corporate interests
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The ventilator challenge, stimulus questions
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Market relief rally, ECB flexes, WeWork cash burn
US stocks were up for a third straight day after the Senate agreed to a $2.2tn stimulus package Wednesday. The bill comes as a report on Thursday showed that a record 3.3m Americans filed for unemployment last week from the coronavirus shutdown. Plus, the European Central Bank is giving itself a tremendous amount of flexibility in its plan to buy €750bn in additional bonds to contain the fallout from the virus. And, WeWork burnt through $1.4bn last quarter, almost all the cash injection its principal backer SoftBank had most recently provided.
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Stimulus haggle, James Kynge on China, US oil talks
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Dash for cash, shutdown debate, Softbank talks
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Wall Street awaits fiscal stimulus deal from Washington
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US stimulus setback, tracking Covid-19 indicators
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Friday, March 20
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Thursday, March 19
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Wednesday, March 18
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Tuesday, March 17
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Monday, March 16
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Friday, March 13
US stocks fell almost 10 per cent in their worst day since the 1987 market crash despite emergency action by the Federal Reserve. Meanwhile, following the US ban on travellers from Europe, airlines are demanding immediate government action to alleviate the industry’s deepening crisis. Plus, companies took on vast amounts of debt in the era of low interest rates. The FT’s US business editor, Andrew Edgecliffe-Johnson, explains the risk this debt poses now.
We want to hear from you. Please go to FT.com/briefingsurvey, and fill out our survey for a chance to win a pair of Bose headphones.
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Thursday, March 12
The Trump administration will suspend non-US citizens travelling from Europe for the next 30 days to reduce the spread of the coronavirus in America. This announcement came on the same day the World Health Organization labelled the coronavirus outbreak a pandemic for the first time, and the blue-chip Dow Jones Industrial Average tipped into bear market territory. Plus, Boeing lost close to a fifth of its market value on after news that it had tapped the full amount of a $13.8bn loan to deal with the financial effects of the coronavirus.
Then, we will look at what to expect from Christine Lagarde and the European Central Bank today, now that the Federal Reserve and the Bank of England have made emergency rate cuts.
We want to hear from you. Please go to FT.com/briefingsurvey, and fill out our survey for a chance to win a pair of Bose headphones.
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Wednesday, March 11
Joe Biden cemented his lead as the frontrunner in the Democratic presidential race, winning several states including the battleground of Michigan. Plus, airlines cancel flights, withdraw earnings guidance and implement austerity measures to cope with the travel slump caused by the coronavirus outbreak, and the head of the International Energy Agency warns Russia and Saudi Arabia risk hurting efforts to stop the spread of coronavirus if they insist on continuing an oil price war. Then, the FT’s Chris Giles explains how the UK budget, to be unveiled today, is expected to set some money aside to deal with the outbreak.
We want to hear from you. Please go to FT.com/briefingsurvey, and fill out our survey for a chance to win a pair of Bose headphones.
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Tuesday, March 10
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Monday, March 9
Saudi Arabia has launched an aggressive oil price war after Russia refused to join production cuts with Opec, Italy locks down a huge swath of its wealthy northern area that is home to 16m people in order to contain the spread of coronavirus, and Citigroup confirmed that it is severing nearly two-thirds of the platforms it uses for currency trading as part of an effort to cut costs. Plus, Turkey is threatening to allow migrants to flow into Europe unless it gets more funding from the European Union. The FT’s Mehreen Khan and Laura Pitel explain the human tug-of-war.
We want to hear from you! Please go to FT.com/briefingsurvey, and fill out our survey for a chance to win a pair of Bose QuietComfort Noise Cancelling headphones.
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Friday, March 6
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Thursday, March 5
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Wednesday, March 4
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Tuesday, March 3
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Monday, March 2
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Friday, February 28
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Thursday, February 27
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Wednesday, February 26
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Tuesday, February 25
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Monday, February 24
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Friday, February 21
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Thursday, February 20
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Wednesday, February 19
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Tuesday, February 18
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Monday, February 17
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Friday, February 14
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Thursday, February 13
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Wednesday, February 12
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Tuesday, February 11
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Monday, February 10
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Friday, February 7
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Thursday, February 6
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Wednesday, February 5
US president Donald Trump claimed “incredible results in boosting the US economy in a State of the Union address to Congress and Pete Buttigieg took a narrow lead in the Iowa Democratic presidential caucuses based on partial results.
Plus, sources tell the FT that New York Stock Exchange owner Intercontinental Exchange had held takeover talks with eBay, a top US executive at SoftBank’s $100bn Vision Fund is leaving after expressing concerns about “issues” at the technology conglomerate and Ford shares fell almost 10 per cent on Tuesday as it delivered a disappointing 2020 outlook.
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Tuesday, February 4
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Monday, February 3
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Friday, January 31
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Thursday, January 30
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Wednesday, January 29
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Tuesday, January 28
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Monday, January 27
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Friday, January 24
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Thursday, January 23
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Wednesday, January 22
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Tuesday, January 21
The US Senate impeachment trial of Donald Trump begins today. Republican Senate majority leader Mitch McConnell proposed rules on Monday evening that outraged Democrats.
Plus, lawyers for Huawei’s Meng Wanzhou told a Canadian courtroom that the US extradition case against the executive amounted to “fiction”, France signals a breakthrough in talks to resolve a spat over digital taxes with the US, and the UK could be fined or lose preferential access to the European market if it violates the terms of a future relationship deal with the EU.
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Monday, January 20
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Friday, January 17
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Thursday, January 16
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Wednesday, January 15
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Tuesday, January 14
The UK government is trying to claw back some of the £10m paid to trade organisations to prepare for a no-deal Brexit, US officials have presented the UK with new intelligence challenging the claim that Britain would be able to mitigate the risks of adopting Huawei technology in its 5G network, and the US Treasury department has dropped the designation of China as a currency manipulator.
Plus, tonight, six Democratic hopefuls will take part in the final US presidential primary debate before the crucial Iowa caucuses. The FT’s Lauren Fedor reports on how the candidates are doing in the 2020 race for the White House.
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Monday, January 13
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Friday, January 10
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Thursday, January 9
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Wednesday, January 8
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Tuesday, January 7
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Monday, January 6
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Friday, January 3
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Thursday, January 2
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Tuesday, December 31
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Monday, December 30
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Friday, December 20
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Thursday, December 19
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Wednesday, December 18
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Tuesday, December 17
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Monday, December 16
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Friday, December 13
Boris Johnson declared a powerful mandate for Brexit after a crushing UK election victory. The FT’s Sebastian Payne breaks down the results. Plus, the US House of Representatives judiciary committee pushes a critical vote on the impeachment process into Friday, and the US and China were closing in on a limited trade deal on Thursday night.
Follow live updates on the UK election at FT.com/ukelection.
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Thursday, December 12
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Wednesday, December 11
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Tuesday, December 10
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Monday, December 9
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Friday, December 6
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Thursday, December 5
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Wednesday, December 4
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Tuesday, December 3
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Monday, December 2
The Federal Reserve is considering letting inflation run above its 2 per cent target, UK politicians play a blame game after Friday’s tragedy at London Bridge and the EU’s ambitious new commission is likely to be overshadowed by a festering row over the budget. Plus, we will look at what Brussels is doing to retool industrial policy.
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Friday, November 29
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Thursday, November 28
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Wednesday, November 27
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Tuesday, November 26
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Monday, November 25
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Friday, November 22
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Thursday, November 21
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Wednesday, November 20
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Tuesday, November 19
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Monday, November 18
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Friday, November 15
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Thursday, November 14
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Wednesday, November 13
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Tuesday, November 12
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Monday, November 11
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Introducing FT Politics: UK Election Countdown
We have another FT podcast to share. With FT Politics: UK Election Countdown, you can keep up with the twists and turns of the December 12 poll.
The first week of the election did not go to plan for the Conservatives, as their campaign was beset by gaffes and mistakes. Can Boris Johnson get back on track? Is Labour pleased with how its campaign is going? Plus, the politics team delves into the new fiscal rules pledged by both parties and what the spending splurge means.
You can find FT Politics: UK Election Countdown wherever you listen to podcasts.
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Friday, November 8
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Thursday, November 7
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Wednesday, November 6
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Tuesday, November 5
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Monday, November 4
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Friday, November 1
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Thursday, October 31
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Wednesday, October 30
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Tuesday, October 29
Alphabet revenues were hit by rising costs in the third quarter despite a strong performance by Google’s ad business, and UK prime minister Boris Johnson will push ahead with another attempt to set a December general election.
Plus, the FT reports that TikTok parent company ByteDance is planning to go public in Hong Kong next year, Beyond Meat posts its first quarterly profit since going public and the US House of Representatives will vote to formalise its impeachment inquiry. Then, Sir Richard Branson’s Virgin Galactic made its trading debut on Monday, becoming the first space tourism company to launch on to public markets.
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Monday, October 28
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Friday, October 25
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Thursday, October 24
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Wednesday, October 23
British MPs back Boris Johnson’s Brexit deal in principle, but derail his attempt to take the UK out of the EU by October 31, and US commerce secretary Wilbur Ross floats new talks with the EU as an alternative to imposing car tariffs next month.
Plus, the top US diplomat in Kiev says Donald Trump withheld Ukraine aid over a request to investigate political rivals, Turkey and Russia agree to the removal of Kurdish fighters from a buffer zone in north-east Syria, the Chinese government is drawing up a plan to replace Hong Kong leader Carrie Lam, and Snapchat’s parent company says it expects to hit its target of turning a profit by the end of the year. Then, FT industry editor Peggy Hollinger tells us what Boeing has to do to regain trust as it tries to get its 737 Max plane back in the air.
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Tuesday, October 22
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Monday, October 21
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Friday, October 18
Boris Johnson attempts to secure parliamentary support for his Brexit deal, Saudi Aramco postpones the launch of its long-awaited initial public offering and Facebook reveals a project to prevent minors from being exploited on its platforms. Plus, Turkey agrees to pause its military incursion in Syria as the US pledges to ease sanctions, and Mick Mulvaney, acting White House chief of staff, makes an admission regarding Donald Trump’s July phone call to Ukraine.
With Lauren Fedor, FT Washington correspondent.
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Thursday, October 17
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Monday, September 30
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Monday, September 23
SoftBank moves to oust Adam Neumann as the chief executive of WeWork, US president Donald Trump and Indian prime minister Narendra Modi perform a double act at a rally of nearly 50,000 Indian-Americans in Texas and Jeremy Corbyn calls rumours he could soon step down as Labour leader “wishful thinking” during the party’s annual conference. Plus, world leaders will gather in New York City this week for the UN General Assembly and the UN climate summit. The FT’s Gillian Tett tells us what to expect.
Sign up for the FT's Moral Money email newsletter at ft.com/moralmoney.
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Friday, September 20
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Thursday, September 19
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Wednesday, September 18
The Federal Reserve Bank of New York announces plans to inject another $75bn into the US financial system to alleviate funding pressures in short-term lending markets, researchers find that smart TVs are leaking sensitive user data to companies including Netflix and Google and Israeli prime minister Benjamin Netanyahu fails to clinch an outright majority for his Likud party in Tuesday’s general election. Plus, the FT’s chief economics commentator, Martin Wolf, says economies are not delivering for most citizens. He tells us what corporations can do to fix the damage.
FT.com is free to read today for #FTOpenDay. You can read all of the stories linked below without hitting the paywall.
Take a look at the stories we covered in today’s briefing:
Fed plans second intervention to ease funding squeeze
https://www.ft.com/content/2c11a972-d941-11e9-8f9b-77216ebe1f17
Benjamin Netanyahu left vulnerable by inconclusive Israel election
https://www.ft.com/content/828ac962-d984-11e9-8f9b-77216ebe1f17
Smart TVs sending sensitive data to Netflix and Facebook
http://ft.com/content/23ab2f68-d957-11e9-8f9b-77216ebe1f17
Martin Wolf: why rentier capitalism is damaging liberal democracy
https://www.ft.com/content/5a8ab27e-d470-11e9-8367-807ebd53ab77
Marc's suggested reads:
WeWork’s Adam Neumann admits to being ‘humbled’
https://www.ft.com/content/7d543f5a-d94d-11e9-8f9b-77216ebe1f17
My daughter, the footballer: sexism and the beautiful game
https://www.ft.com/content/16f35962-e288-11e6-9645-c9357a75844a
Global cities begin to shrink as inner areas empty out
https://www.ft.com/content/c88b4c54-b925-11e9-96bd-8e884d3ea203
Russia’s role in producing the taxman of the future
https://www.ft.com/content/38967766-aec8-11e9-8030-530adfa879c2
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Tuesday, September 17
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Tuesday, July 9
Chinese venture capital investment in US biotech falls as Washington tightens scrutiny of funding from overseas, German chemicals group BASF cuts its full-year forecast and warns that second-quarter profits would almost halve and Deutsche Bank begins the culling of 18,000 jobs, with whole teams of equity traders being dismissed. Plus, the FT’s US legal and enforcement correspondent, Kadhim Shubber, explains the sex trafficking charges against money manager Jeffrey Epstein.
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Tuesday, May 28
The success of the Brexit party in European elections ramps up pressure on Britain to leave the EU without a deal, Aviva is preparing a big shake-up of its UK business and Disney’s live action remake of the 1992 animated classic ‘Aladdin’ grabbed the top spot at the US box office over the holiday weekend. Plus, the FT’s pharma correspondent Hannah Kuchler reports that technology companies are betting that their insights into human behaviour can help opioid addicts recover.
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Thursday, April 25
Electric car company Tesla reveals that it plunged back into the red after a $702m net loss this quarter, Facebook sets aside $3bn for what would be the largest civil fine ever imposed by the Federal Trade Commission and Amazon looks to international markets as it tries to continue to grow. Plus, the FT’s banking editor in London, David Crow, explains why European banks are bracing for more pain.
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Friday, April 5
Talks between Prime Minister Theresa May and Labour leader Jeremy Corbyn have slowed ahead of a crucial European Union summit, a federal judge says the Securities and Exchange Commission and Elon Musk, Tesla chief executive, must resolve a Twitter dispute outside of court and the price of oil tops $70 a barrel for the first time since November. Plus, the FT’s James Politi tells us why the US and China have pushed back the timing of a possible trade deal.
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Friday, March 29
Swedbank feels the heat over money laundering accusations, Turkey burns through a third of its foreign currency reserves in an effort to contain the weakness of the lira, and, German businesses brace for no-deal Brexit
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Wednesday, February 27
The FT uncovers that several Chinese officials committed plagiarism in their university theses, WW - the company formerly known as Weight Watchers - reports a drop in subscribers and profit forecasts and JPMorgan Chase president Daniel Pinto warns of a fall in trading revenue. Plus, the FT’s Sam Fleming explains the big takeaways from Federal Reserve Chairman Jay Powell’s testimony before the US Congress.
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FedEx cuts back its full year outlook, Citi faces a loss of up to $180m on an Asian hedge fund trade and oil prices slide on supply and global growth concerns. Then, the FT's Eric Platt explains why market volatility is worrying credit investors.
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Tuesday, December 18
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Monday, December 17
Renault asks Nissan to hold an extraordinary general meeting, Qatar pledges to make substantial international investments and investors pressure ExxonMobil to keep emissions down. Plus, the FT's Laura Noonan tells us why investment bank bonuses look like they may be lower this year.
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Friday, December 7
Global financial markets have a turbulent day, the arrest of Huawei's finance chief causes an international fallout and Theresa May's Brexit deal has a bad week. Plus, the EU's options if the UK prime minister's deal fails in parliament.
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Tuesday, November 27
United Technologies reveals a plan to split into three, Donald Trump puts pressure on Theresa May's Brexit deal, GM plans to shut down seven plants worldwide and Nasa lands a spacecraft on Mars. Plus, the FT's Jude Webber takes us to the US-Mexico border, where US troops are firing tear gas at a group of asylum-seeking migrants.
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Wednesday, November 14
Italy defies the EU spending rules, US crude oil breaks a losing streak record, and German chancellor Angela Merkel calls for the creation of a unified European Army. Plus, the FT's Westminster bureau chief George Parker gives us the latest on a Brexit deal from the halls of the House of Commons.
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Tuesday, November 13
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Monday, November 12
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Friday, November 9
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Thursday, November 8
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Wednesday, November 7
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Tuesday, November 6
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Monday, November 5
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Friday, November 2
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Thursday, November 1
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Wednesday, October 31
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Tuesday, October 30
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Monday, October 29
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Friday, October 26
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Thursday, October 25
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Wednesday, October 24
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Tuesday, October 23
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Monday, October 22
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Friday, October 19
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Thursday, October 18
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Wednesday, October 17
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Tuesday, October 16
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Monday, October 15
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Coming soon
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Fler poddar
Podcasten FT News Briefing är skapad av Financial Times. Podcastens innehåll och bilderna på den här sidan hämtas med hjälp av det offentliga podcastflödet (RSS).
En liten tjänst av I'm With Friends. Finns även på engelska.